Cryptocurrencies price prediction: Ripple, Stellar & Cardano - European Wrap - 30 September


Ripple’s XRP defies gravity with 6% rise

Ripple’s XRP catapulted from under $0.2400 to $0.2580 in a matter of hours. At the time of writing, XRP/USD is changing hands at $0.2550 with over 6% of gains since the beginning of the day. The coin has been dozing in a tight range for the past several days, however, not it is one of the best-performing alt coins out of top-20.

 

Ripple

Stellar market update: XLM/USD trapped in a range, stable despite the sell-off on the market

Stellar (XLM) has been under pressure lately losing 14% of its value in recent seven days. At the time of writing, XLM/USD is changing hands at $0.0570, mostly unchanged both on a day-on-day basis and since the beginning of Monday. Stellar is the tenth-largest cryptocurrency with the current market value of $1.16 billion and an average daily trading volume about $164 million, which is nearly half as much as on Friday, September 27.

 

Cardano (ADA) holders to receive staking rewards

As of November this year, users of Cardano network and ADA holders will be able to receive staking rewards, according to Charles Hoskinson, the CEO of IOHK, the company behind Cardano. He made an announcement during Cardano Summit Bulgaria.

Recently, the project launched Shelley testate, which is the first decentralized implementation of Ouroboros Genesis consensus algorithm. Currently, the team is working on staking protocol functionality.

 

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The Altcoin segment is still in full swing while the crypto board leaders, Bitcoin and Ethereum, remain stuck at the same levels as in recent weeks.

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XRP/USD glued to $0.2000 after a failed recovery attempt

Ripple's XRP is changing hands at $0.2000, mostly unchanged both on a day-to-day basis and since the beginning of Monday. The coin has been locked in a tight range since July 11 after a retreat from the recovery high of $0.2117.

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IOT/USD lift-off to moon begins as $0.30 draws nigh

IOTA is among the biggest single-digit gainers on the day. Most cryptocurrencies in the market remain lethargic in their trading. However, some selected coins are leading recovery including Chainlink, Tezos, NEO and Dash. 

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Ethereum Price Update

Ethereum (ETH) is changing hands at $243.90,  mostly unchanged both on a day-to-day basis and since the beginning of Monday. The second-largest digital asset has recovered above the short-term channel resistance $24.00, however, the further upside has stalled above $243.00. 

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Bitcoin Weekly Forecast: BTC volatility drops to a year low, get ready for a spiral drive

The week was tough for the cryptocurrency markets confined to tight ranges. Bitcoin has lost 1% of its value during the recent seven days with the trading range limited by $9,298 on the upside and $8,933 on the downside.

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