The cryptocurrency market as a whole is attempting to recover from last week’s correction. The market dropped nearly $130K, in just a few days. Most coins were seeing gains this morning but have since corrected. NEM (XEM), Cardano (ADA), and VeChain Thor (VET) (VEN) are currently leading the market in gains but many others are just below the green mark. Is there blue skies ahead for the rest of the market? We shall see. Here are some updates on a few coins just below the green.
There seems to be no new updates on Litecoin, as of late. However, an article has just surfaced about how LTC could be the coin that Amazon (NASDAQ:AMZN) adopts in 2018. It was projected at first that Ripple (XRP) might be the coin but since Litecoin’s recent upgrades, it might now be the top contender. LitePay customers are now able to use Litecoin as a payment method on Amazon but these analysts foresee the global retail giant adopting Litecoin without the need for middle-man, LitePay. A customer would simply send LTC directly to an Amazon Wallet.
We shall see what the future holds, but the company is known for being steps ahead of its competition.
At press time, LTC is trading at $182.85 a coin, down -2.35%, in 24 hours.
Ripple’s CEO, Brad Garlinghouse, spoke with CNBC last week stating that cryptocurrencies must work with government regulators in order to “sustain the crypto revolution.” This is contrary to a lot of other cryptocurrency founder’s beliefs, as many think not having to work with them is the whole point of the creation of cryptocurrency. However, many within the community are aware that the Ripple project is among the most centralized out of all the projects, as it works with large banks and institutions to facilitate cross-border payments.
Garlinghouse received a lot of flack from the cryptocurrency community, but he might be right. Global regulations are beginning to grow, as the SEC sent out another strict stance just last week. It remains unclear if the CEO’s comments negatively affected the cryptocurrency’s price as most of the market was taking a beating at the same time.
At press time, XRP is trading at $0.795 a coin, down -2.79%, in 24 hours.
>> Garlinghouse Voices his Opinion on CNBC
NEO had an upgrade to it’s City of Zion (CoZ) wallet v0.2.0 less than 24 hours. CoZ is a global community of open source enthusiasts and developers that share the goal of aiding NEO in achieving its full potential. The upgrade consisted of bug fixes and upgrades. Within the last week, this is the biggest news to break in regards to the project but it still remains a dominant project in China. Many anticipate NEO to be the top project in 2018, as many ICOs and projects are anticipated to adopt the blockchain, instead of Ethereum.
At press time, NEO is trading at $86.21 a coin, down -3.51%. GAS is trading at $25.67 a coin, down -0.84%, in 24 hours.
>> NEO China’s Ethereum
Featured Image: Lorain