The crypto market is booming today. Verge (XVG), Stellar (XLM), and EOS are climbing, but what’s happening?
Bitcoin (BTC) jumped by $1,000 in just 60 minutes this morning, and it seems to have dragged the rest of crypto up with it. But is there more behind the climb?
Verge is currently selling for $0.094467, which puts the coin up 16.49% in the past 24 hours.
There are many speculations going on about Verge. Supposedly, a mystery partner of the company is going to be revealed to us on April 16th. This would explain a lot of the hype around the coin in the last few days.
However, some people seem skeptical about this, attributing it to a mere gimmick by the team to pump up their coin. After all, the team did initially promise to release the name of the partner by March 26th “if our [fundraising] goal is met,” and that didn’t happen despite Verge achieving its crowdfunding goal. Supposedly Verge “pump and dump” schemes have been floating around the crypto sphere for a long time – although nothing has yet to be confirmed.
Verge does seem to be making headway with traders, however, regardless of what people are saying about the coin. XVG is now the second most traded asset on the crypto exchange Binance (although, this may also be attributed to the “mystery partner” hype).
We’ll have to wait and see what happens to Verge after April 16th? Will a mystery partner actually be revealed to us? Will XVG get dumped immediately afterward?
What do you think?
>> Verge goes against the market trend
Stellar is currently selling for $0.221302, which puts the coin up 8.52% in the past 24 hours.
Most recently in the Stellar universe, Stellar Lumens (XLM) can now be bought with Indian rupees. This option is being offered by the New Delhi-based crypto exchange, BuyBitcoin.
Will the recent crypto ban by the Reserve Bank of India (RBI) affect this listing? Some Indian crypto exchanges are considering relocating, although BuyBitcoin doesn’t appear to be among them. The RBI crackdown may make it somewhat harder for some traders to get their hands on the newly available XLM/rupee conversion, but those going directly to the exchange shouldn’t have any issues.
Do you think otherwise?
>> Stellar gets added to digital wallet Abra
EOS is currently selling for $8.75, which puts the coin up 19.26% in the past 24 hours.
Most excitedly for EOS is that the coin has surpassed Litecoin (LTC) in market cap and is now ranked as the 5th largest cryptocurrency, with a market cap of $6.9 billion.
The eosDAC airdrop may be what’s driving EOS’s price right now. The airdrop, scheduled for April 15th, will give 75% of the eosDAC tokens to EOS token holders – so, people might be buying up EOS in order to participate in the upcoming airdrop.
With EOSIO 1.0 (the main net launch of EOS) approaching in June, how much further will this coin grow?
>> EOSIO Dawn 3.0 launches
Featured image: creades via Pixabay