The usual adoption of blockchain technology continues to gain momentum such as stories like Microstrategy using Bitcoin (BTC) to push board rewards and Topps announcing plans to release headlines around card token trading on an almost daily basis.
As more companies and organizations explore what blockchain technology integration can do for them, the number of tokens providing solutions for enterprises and providing easy ways for those interested in learning and using distributed ledger technology has tripled in 2021.
XRP / USDT vs XLM / USDT vs XDC / USDT 1 day chart. Source: TradingView
Stellar (XLM), XRP and XinFin Network (XDC) are three business-focused cryptocurrencies that have beaten prices in recent weeks as global companies increasingly turn to blockchain to create a simplified and efficient global trading network.
XRP / USDT
XRP is perhaps one of the most popular crypto projects behind Bitcoin and Ethereum because it has a large group of supporters, often referred to as the XRP Army, for their willingness to defend the somewhat controversial project.
Although XRP growth was initially slowed in 2021 by regulatory actions by the US Securities and Exchange Commission, which resulted in XRP being excluded from listing on several cryptocurrency exchanges, the price rose in April.
4 hour chart XRP / USDT. Source: TradingView
XRP volume and social engagement increased in early April as the platform refocused its marketing efforts to promote how Ripplenet could help create a “more inclusive and economically sustainable future”.
The redirect also included the acquisition of a 40% stake in international payments company Tranglo on April 5 and the announcement of a partnership with Mercury FX on April 9. The goal of these partnerships is to contribute to the development of the international payment system across Africa. , And this coincides with the recent big increase in the price of XRP.
XLM / USDT
Stellar is an open network that was founded in 2014 as a result of the steady dichotomy of the Ripple Labs protocol due to differences in vision about where the project will develop.
Over the years, the mission has moved away from trying to increase inclusivity, and reached the non-banking world to help financial firms communicate with each other using blockchain technology.
Some of XLM’s hottest news came in early March with the release of Horizon 2.0:
According to the announcement, Horizon 2.0 pioneered a new way to operate Stellar’s networking infrastructure that “enables large organizations and small developers to deploy Horizon with fewer resources, fewer restrictions, and much more flexibility than ever before.”
The team also announced a partnership with the Velo Protocol to promote cross-border payments in Southeast Asia and with Cowrie Integrated Systems to develop payment corridors across Africa, with an initial focus on Nigeria.
On April 6, the Stellar Development Foundation (SDF) validation points temporarily halted validation of transactions on the Stellar network, sparking concerns among community members. According to the SDF, the network has remained online all this time, as most nodes on the network were still operating and processing transactions.
4 hour XLM / USDT chart. Source: TradingView
After the initial drop in the XLM price due to the closure of the SDF contract, security and decentralization of the Stellar network led to a rapid and breakout recovery to $ 0.656, the highest level since January 2018.