Topic: Why are cryptos like Ripple and Stellar sky rocketing in prices? (Read 321 times)

The ripple is skyrocketing sometimes, but I think this movements are just pumping and dumping. I am not sure about the stellar, but I think ripple is not a good altcoin to make investment, because I don't think it is a promising coin.

The price is low at the moment, but i know that stellar is one of the best projects out there (and the teams are the same from Ripple) so both under the same management at the moment, but with different projects, and different purposes.

Because they work with big banks of world that actually means lots of profit and recognition for these coins so they go up a lot compared to other coins.

They're both pretty similar but both have different goals. Stellar aims  more towards charity while Ripple is more about financial institutions and bank-focused and has done pretty well due to its investment in marketing. Both are working to come up with innovations and solve major problems, so their success is warranted.

We have a blog post comparing the two, so check it out

http://bit.ly/StellarVsRipple

Cheers!

If you notice, there is not anything spectacular about most alts as they don't have real usage, at least not yet. So it is left that people do speculations and even as of today most transactions on any crypto currency is simply between user wallets and exchanges. Which as you look at it could seem that we are all chasing some bubble up somewhere without any value, the point is we as people create that value. As many people see bitcoin price to be out of hand and they tend to feel that game is over for investing into bitcoin they tend to move toward other cryptocurrencies and tokens in hopes to get rich. If you look at it that many people look at the surface of particular coin and jsut dump their money on it and see what happens. If they read ripple - banks use it! Aha that's the future and when you see those pumps many other people are buying in as they tend to see this as easy money. And both stellar and ripple have fast transactions which makes them good choices because as of this time bitcoin is unusable because not many people use LN and it needs it ASAP so scaling needs to be done and it's urgent when other people see other coins that can outperform transaction capacity well... which is most of alts since they are not loaded with transactions. Above all these are somewhat popular coins among people which makes them even more better choice when you know that other believe in the same project as you believe.

I won't say anything from technical point of view, as mostly trades are done on an emotional lvl, not what tech lies behind.

It is all because of the demand and popularity.

Well, as we can see in the poloniex graph, we can say it's on the recover:


https://s9.postimg.org/6fy1zkttb/ripple.png

Ripple had a nice bump some months ago, but then it crash hard. we should remember who was behind the past bump, and the answer is Banks. They spend tons of money buying this alt coin, and this was because they see ripple as the cheap ethereum, in other words, a cheap way to make smart contracts.

but here, the question is why they are sky rocketing? try to guess who is behind this the bump... maybe banks (again)

Ripple is one of the few companies that is getting adapted by the real world banks and stellar is it's competitor which has a partnership with IBM .They will go even higher in time

the pump was caused by korea adopting ripple as the latest pump. you can't pay for squat with it and you probably never will. if warren buffet called bitcoin a mirage i truly wonder what he'd call this.

FYI, ripple already adopted by majority of bankers in asia, But I don't know about western adoption. But as stated in so many times about the target of ripple to build interbank payment system.
This pump caused by south korea that massively adopted ripple as the payment method.

All you mention above is mostly like fundamental or news analysis.
I can say the both two altcoin spike higher since there are big good events about that altcoin that can convince trader buying that altcoin to increase the demand.

where and how? it's 14 years old now and you still can't use it to send money seamlessly. where are the fiat or crypto gateways? it's 100 billion dollars of absolute uselessness. quite incredible.

Simply because their demands is getting high each day. In the case of Ripple, this digital currency is backed by huge banks around the world and Ripple really served its purpose. Similar to Ripple, Stellar is also a digital currency that facilitates a cross-asset transfer which makes me think that both of them skyrocketed respectively.

Only 19% of XLM were airdropped and that too was years ago. Alot of people who got it either have already cashed out or has forgotten their keys to the wallet.

Yes and no. They are both definitely due for a bit of a correction, but then again they could just rise up even more before correcting, and then today's price may be the good entry point months from now. The news on banking adoption has definitely fueled XRP's growth recently, although speculators probably do not realize that it is just banks adopting similar tech, not actually Ripple itself.

Stellar has been steadily increasing their presence so people will say this current growth is a long time coming. A lot of holders too, since it was an airdrop.

 I was wondering the same. Expect to see minor altcoin corrections this weekend

Stellar lumen just goes for Ripple, because they are competitors Stella does not want to spoil. Interesting race.

Current pumps wandering around ripple are speculative.. Basically people believe ripple's price will grow, they buy in for profits. This is not going to last forever. It will change in bear market.

Ongoing development, big user base, proof of concept already implemented, liquidity on markets, media exposure...

If you find more coins with these characteristics and not yet skyrocketing tell me where they are

This is not true. Stellar did spin off from Ripple. But they do not rise together. The reason stellar surged was due to the FairX news.