Stellar rose by 50 per cent over the week. What happened?
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If you do not remember Ripple, Stellar has become the most successful coin last week — the last seven days its course has increased by 50 percent. The result is that the token has risen to sixth place in terms of capitalization among cryptocurrencies on Coinmarketcap, writes .
Sunday Stellar increased by 20 percent, and yesterday's success did coin the third in terms of profitability among the 100 largest token.
The Reason for the success of the coin could be the fusion developer Stellar company, Lightyear Corporation with a Chain to jointly launch a project called Interstellar. It is planned that the new platform will provide companies with solutions for exchange, issue and asset management in the network of Stellar.
Commenting on the upcoming launch platform for Interstellar, co-founder of Stellar Development Foundation and Lightyear Jack McCaleb spoke about the global perspectives project.
Command Chain has prepared a market to take the products created by blockchain projects. This is extremely important for the future as we see it — in it for the money and digital assets are transferred using open protocols. We are delighted to join forces with companies willing to build products based on the Stellar.
Last week rose and Ripple — analysts that the reason for this could be the announcement of the launch of the platform to speed up banking transactions xRapid or partnership of the company with one of the largest US banks, PNC. Another version — the intention of the Commission securities and exchange Commission (SEC) does not recognize the coin security. Earlier, similar decisions of the regulator led to a sharp increase of Bitcoin and Ethereum.
However, the joy of traders from the growth rate XRP did not last long — after a while coin lost second place in the list of the largest capitalization of the cryptocurrency Ethereum, and at the time of this writing, is trading at 46 cents.
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