XRP and XLM Prices Have Moved: What is the Reason that Drives the Duo?

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Stellar (XLM) and XRP, he’s had a lot of movement in the last 24 hours. The XRP price rose 17% to $ 1.6 in the 24 hours, while the XLM price rose 18% to $ 0.7. The reason for the rise of XRP, which broke the all-time record with XLM and soon became green again, seems to be the same.

XRP and XLM Are Rising, with Jed McCaleb at the Forefront

The duo, known for following each other’s rise, actually technically have the same founders. Co-founder of Ripple, once known as OpenCoin Jed McCaleb, later, he left here and brought Stellar to life. The goals and characteristics of both projects are almost exactly the same.

McCaleb, who left Ripple in 2013 and launched a competing project called XLM, manages to take important steps from time to time, although he cannot surpass XRP. XRP, which has a market value of $ 57 billion and is well above Stellar’s market value of $18 billion, was switched to XLM once in its history due to the problems it experienced with the case.

The Rise of XLM Has Overtaken XRP

Stellar, on the other hand, has not been able to maintain its rise that it achieved after the lawsuit, and now XRP is in fifth place, while Stellar is in thirteenth place. Despite this, the last 7-day chart shows that XLM is up 24% and XRP is down 1.4%. This shows that XLM has now made a serious difference to XRP in terms of its uptrend rate.

The reason for the rise of the two crypto currencies was definitely Elon Musk. Musk’s comments criticizing Bitcoin and highlighting less energy-consuming crypto coins had affected ADA first. Now it is believed that this rumor XRP and it can be seen that it has a positive effect on XLM prices. The fact that the situation affects XLM more than XRP is due to the litigation problem at the beginning of XRP.

Eco-Friendly Crypto Coins Are on the Rise

Coming to the fore with energy models Hedera Hashgraph, Solana, Cardano, Algorand, Nano, XRP and XLM it has been seen that almost all of the crypto currencies such as have gained a serious rise in recent days. The most serious rise among them dec in NANO, and even Nasdaq published a newsletter about NANO.

Although it is not known how long this trend will last, it is actually more or less clear what Elon Musk can do.

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