The assets in the market, led by Bitcoin (BTC) went ballistic last year in December. Bitcoin almost brushed shoulders with $20,000 while the market capitalization stepped above $800 billion. The overarching bear trend since the beginning of the year has seen most assets erase more than 80% of their value from the all-time high (ATH). Most experts will tell you that time for 1000 fold gains in the crypto space are over. Besides, the stability in the market has ousted the volatility, which could also mean that we are in a maturing market.
However, there are several hot coins that are poised for greatness in the coming weeks before the end of year and through the first quarter of 2019. These coins still cost less than $1 per token giving the investors with less than $100 to spare an opportunity to be part of the craze in the potential end-year bull run. Ripple (XRP) and Stellar (XLM) have in the past one week led the brief recovery in the market this week.
The third largest crypto in the market was the bull among the bears towards the end of September and the first week of October 2018. The investors have an eye for Ripple because of its presence in the market and the real-world solutions the San-Francisco blockchain company has brought to the global financial sector.
XRP price reacted with fireworks on the news that the company was launching its long-awaited xRapid payment solution. XRP/USD more than double its value to test $0.65 before a period of consolidation. While there have been several swings to the south, XRP has remained stable above $0.35. Moreover, this week’s trading has seen Ripple resume the uptrend above $0.50 and even touched above $0.55. Ripple XRP is predicted to touch $1 before the end of the year supported by a positive change in sentiments.
Stellar (XLM) is a cryptocurrency on fire. The last couple of weeks have seen the digital asset go ballistic raising the value of the token, the market capitalization and the trading volume. In fact, as I write this article, Stellar has dethroned EOS from the 5th position in the market according to the data on Blockmodo.
The token’s value has been grinding steadily and firmly heading towards the critical level at $0.3. The momentum is currently supported by the continuous flow of good news in the Stellar ecosystem. The upside move was explosive in the week ending November 11. Stellar’s upside travel began faintly above $0.22 and corrected past the resistance at $0.25 testing another hurdle at $0.29. At the time of writing, the asset is changing hands at $0.28.
The bullish trend is mainly supported by the change in investor sentiments towards XLM following the announcement that Coinbase is considering adding the token to its growing portfolio. XLM is up 7.27% in the last 24 hours and the momentum is far from slowing down. A break above $0.3 will place Stellar (XLM) on a trajectory to the moon while Coinbase support will literally propel it to its destination.