Both activities compete for one of the most popular use cases – to be coins for social media use.
Ripple & # 39; s XRP and Stellar (XLM) again rose to unison on positive news for a case of XPR use. What has triggered the latest price increase is the possibility of using it on YouTube as a ciphered coin of handful. With the new Ripple technologies rolled out, the XRP could develop use cases to compete with other coins and tokens in that area.
As a social media currency, the XRP would compete with ReddCoin (RDD) and possibly DogeCoin (DOGE) . The integration with video entertainment also competes with one of the TRON (TRX) use cases.
Integration with YouTube is being offered by Coil, a company that aims to offer cryptographic solutions to content creators.
In fact, XRP was taken as a suitable digital resource for the tipbots, which moves away from the general idea of be a currency owned by banks and used in the financial sector. However, the news led to another rebound in prices.
The XRP has increased by more than 20.5% in the last 24 hours, adding the large peak recorded on Tuesday around midday. As of 7:30 UTC, XRP was trading at $ 0.33, with volumes increasing to around $ 688 million in 24 hours.
Stellar, which was called the "open source version" of Ripple, has joined the rise while the two projects are both strong in marketing and looking for mainstream partners. XLM added about 5.73% in the past day, recovering the $ 0.20 level and temporarily trading above $ 0.21. He managed to rebound from the recent lows of around $ 0.18 around 12 September. Stellar is the project where Jed McCaleb is channeling his energy now after switching from Ripple.
The Ripple project continues to draw attention to its xRapid solution, but there is no clear indication if the solution could raise the real demand for the XRP asset. The news of an official launch arriving at the end of 2018 saw XRP start its recent pump.
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