The market has been on the rise again in recent days after a difficult May. It may be time to look at projects, utilities, use cases, teams, technology, and various other metrics we need to focus on. In this article, let’s take a look at 2 altcoin projects from the Youtube channel Cheeky Crypto’s list that may be on the rise in the coming months.
Cheeky Crypto expects 10x in these altcoin projects
XRP (XRP)
Currently, Ripple has come a long way in litigation with the SEC. RippleNet Managing Director Asheesh Birla also made ambitious statements about the future of the company in a recent interview. XRP, on the other hand, is trading at $0.4168 at the time of writing. Since he has a huge community behind him, he is in the first place of the analyst due to the price movements he can make after the lawsuit.
On the technical side, XRP recovered to the downtrend line on May 28, despite falling below $0.38 on May 26. If the price changes direction from the downtrend line, the bears’ next target will be $0.37 and then critical supports in the $0.33 region. It also has a long way to go in a possible trend reversal as it is trading around 80% below its peak price of $3.84.
Stellar (XLM)
The second altcoin on the list, Stellar (XLM), was launched in 2015 to connect their financial systems and provide a protocol for payment providers and financial institutions. Latest news about the project, Moneygram and Stellar partnership. Moneygram now supports USDC or USD transactions on Stellar.
Why is the MoneyGram and Stellar partnership important to XLM?
As we quoted as Kriptokoin.com, on May 30, international transfer company MoneyGram announced its cooperation with Circle. In October last year, MoneyGram teamed up with Stellar to integrate Circle’s stablecoin, USD Coin (USDC), which uses the Stellar network. As a result, MoneyGram users who have a wallet on the Stellar Blockchain network will be able to easily send and receive USDC and convert them to fiat money with the new integration.
It can be said that these news are quite optimistic for Stellar. On the other hand, the functional cryptocurrency of the project, XLM, rose 6.55% in the last 24 hours to reach the $0.145 region. XLM’s ATH is $0.9381, which it recorded in May 2020.
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