Although Stellar (XLM) and Ripple have been dominating the crypto sector for quite some time now, a new entrant, Remittix (RTX), is coming up with a new protocol that may change the hand of leadership. With its easy and cheap transactions that connect cryptocurrencies with conventional money, Remittix aims to make international transfers easy.

Its ongoing crypto ICO has been a major success. Over 400 million tokens have been sold, signifying huge interest from large and small investors. Given its low market cap and high utility, the value of RTX could pump to $0.5 soon. 

Stellar (XLM) Price Plunges On The Weekly Timeframe

The Stellar crypto has been on a steep decline in the past week. The cryptocurrency failed to increase in value following Donald Trump’s presidential swearing-in. The latest CoinMarketCapdata shows the Stellar coin price has declined 15.4%. 

The token’s value dropped from $0.51 to $0.41 during this period. If this price drop persists, the value of Stellar (XLM) could even go down to $0.3. On the other hand, technical indicators show that bulls could pull a trend reversal in the coming days. 

The relative strength index is above the midline which shows that bulls are in control. Also, the Fear and Greed Index displays Greed which signals high investor interest.

CW notes the Stellar token is forming a short-term convergence amid its ongoing correction. The analyst forecasts a price surge to $0.8 if a rally begins.

Analyst Forecasts $15 For Ripple (XRP)

The Ripple coin has also suffered a price correction like XLM. CoinMarketCap data indicates the value of Ripple (XRP) has plummeted by 4% on the weekly chart. The XRP cryptocurrency is currently trading close to the $3 level.

If the correction lingers, the Ripple price could drop to the $2 region. However, analysts believe the downtrend will not last long. MikybullCrypto notes that this correction is the calm before the storm.

They forecast the price of the altcoin could surge to $5.5 in the coming weeks. Another analyst called Ali Martinez Go to Source to See Full Article
Author: Crypto Daily