The altcoin awakening is real as Ripple’s XRP token managed to surge by 15%, followed by many other impressive bullish runs by other cryptocurrencies. What’s interesting is the fact that XRP is not the token with the greatest surge.
We also have the 10th placed Stellar (XLM) which managed to add 16.82% to its price overnight and balloon to a new price of $0.0686, topping up its gains this year. In the top 10, there are a lot of impressive surges as the altcoin awakening continues.
The coming altcoin news start with Ethereum (ETH) which is the second biggest cryptocurrency. As the updates show, ETH managed to add 8.54% to its price and reach $215 which is its price at press time.
Next up is Ripple with its 15% gains which stabilized it in the $0.3046 region, followed by Litecoin (LTC) with a 4% rise to $76. EOS managed to add only 1% to its price of $4.11 at press time, while Binance Coin (BNB) triggered a 7% surge and again set foot on $22. Bitcoin SV (BSV) also rose to $127 with a 4.70% increase.
The main question right now asked on many altcoin news sites is “what triggered the altcoin awakening?”
We can certainly say that this was a rare move as altcoins have taken off today. For the best part of the year, Bitcoin has been ruling the market and as long as the dominant cryptocurrency soared, altcoins followed.
Still, the latest cryptocurrency news indicate the opposite right now. It is finally the turn of the altcoins or the “altcoin awakening” as it is decribed everywhere. While altcoins surge, Bitcoin is running out of steam and is just above $10,000.
Since XRP has one of the most impressive surges in this new wave of gains, the XRP Army’s Reddit account is on fire and featured on many best cryptocurrency news sites. There have been rumors on Twitter indicating a tie up with the San Francisco based blockchain firm and Coinbase, although nothing official has been announced.
xRapid scouts — I summon you.
Breanne Madigan drops some crumbs at minute 9:37; it seems like Coinbase is an xRapid exchange and it's currently originating MoneyGram flows into Mexico. Should be interesting to track.@tenitoshi@hmatejx@hallwaymonitor2https://t.co/CFV5uFe1pE— XRP Research Center (@XrpCenter) September 15, 2019
As usual, the company is moving tokens around again. This leads to further calls of centralization for the project. The Twitter profile @Whale_alert showed this in a tweet.
All in all, the altcoin awakening is real and could continue today. Hopefully, Bitcoin will be triggered by the altcoins as well.
MoneyGram And Ripple Extend Their Partnership With $11.3 Million
"MoneyGram continued to expand its strategic partnership with Ripple as the first money transfer company to scale the use of blockchain capabilities."Nothing in the SEC filings state what Ripple's investment will be used for. Still, MoneyGram's agreement with Ripple has previously allowed it to use XRP and its blockchain product named ODL (On-Demand Liquidity) to facilitate cross-border payments.
"[MoneyGram] is compensated by Ripple for developing and bringing liquidity to foreign exchange markets, facilitated by Ripple's blockchain, and providing a reliable level of foreign exchange trading activity. The Company expects that this partnership, at scale, will reduce our working capital needs and generate additional earnings and cash flows."MoneyGram and Ripple already were in a financial tie. The two firms announced their partnership back in January 2018 when MoneyGram decided to integrate XRP into its payment system. In June 2019, we saw that the two firms entered into a partnership to collaborate on cross-border payments and foreign exchange settlements with digital assets. The blockchain news then showed that Ripple followed through with a $50 million investment, completed in November. Despite the close working relationship, not all money transfer methods are being handled by Ripple. Reports recently showed that MoneyGram unveiled FastSend, a service which allows for real-time money sending based on Visa. While Ripple is doing good by expanding its partnerships and actively improving its blockchain, the token is falling down just like many other altcoins. Right now, the Ripple news and XRP updates show that the coin is in a 8.33% decline, going to new levels at $0.2438 in the wake of a major selloff which occurred on the markets overnight. The total cryptocurrency market today is at $261 billion.
XRP Traders Turn Bullish, Price Could Reach $0.46: Analysis
“#Ripple CEO Brad Garlinghouse said that stressing compliance is key to getting bankers on board with #crypto. We don't need bankers to get involved in the crypto. Maybe he and his company do, but the space doesn't. Crypto doesn't need banks, because crypto will replace them.”Brad Garlinghouse was in an interview when he commented that there are too many crypto assets out there. There are about 3,000 different digital assets that are trading on a daily basis.
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