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Hello people. It's one of those mornings when you're almost nervous looking at the markets. After a cryptic bloodbath in which the bitcoin has had a free fall of 11% and bitcoin money has torn in two, it is like looking out after a hurricane.
As the dust settles, two cryptocurrencies bounced stronger than others: Stellar Lumens (XLM) and Ripple (XRP).
Stellar (XLM) + 5%
Stellar (XLM) has increased more than 5% in the last 24 hours. After having "flippmentato" EOS at the beginning of this week, XLM has strengthened its position before EOS as the fifth largest cryptocurrency.
The price movement is supported by the recent decision to pass $ 125 million of XLM tokens to blockchain.com portfolios. Stellar also announced its integration with Kik, a mobile messaging service that is moving from Ethereum to Stellar to launch its cryptocurrency.
Coingate, a payment gateway, has also announced support for Stellar, allowing people to use XLM as a payment method in e-commerce stores.
Ripple (XRP) + 3%
Between a sea of red, Ripple's XRP token is pushing 3% more this morning, having passed the ether as a second cryptocurrency.
There is no major catalyst for price movement except the news that Coinbase will support XRP in its custody service. We should emphasize that this does not mean that XRP will be negotiable on the Coinbase platform.
Elsewhere on the markets, IOTA holds up well (+ 3%), alongside 0x (+7) after being added to the Coinbase roster. Also Dogecoin (+ 6%) is on the rise after it has been reported that Dogecoin is used twice as much as Bitcoin Cash for transactions.
All prices are correct at the time of publication.
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