At the first half of yesterday morning, it looked like the entire cryptocurrency market would break over $300 billion – unfortunately, that didn’t occur. At press time, the current cryptocurrency market cap is sitting just under $260 billion. Bitcoin (BTC) currently holds 45.4% market dominance.
There isn’t any clear reason, such as a new cryptocurrency regulation or banning implemented that would cause the sudden market correction but corrections in any market are to be expected.
Stellar [XLM]
Source: CoinMarketCap[1]
Last week, it was announced publicly by IBM that they are currently running nine Stellar nodes. The initial partnership was finalized in October of last year but since the initial announcement, there had been radio silence up until now.
XLM saw slight price gains as investors caught wind of the latest IBM-Stellar update but today, it seems that ramp up had faded. IBM is just currently testing the Stellar network for cross-border payments but is open to exploring other blockchain projects. If this test goes well, this could be monumental for the Stellar project.
At press time, XLM is trading at $0.207 a coin, down -10.26%, in 24 hours. For the month, XLM is down -41.3% and year-to-date, the coin is down -42.5%. Could this be the turn-around for Stellar?
Ethereum [ETH]
Lately, Ethereum’s founder has been on a rampage calling out various projects and people for their discrepancies – not just on his personal Twitter but also in person. Last week, at Deconomy 2018 he stood up towards the end of a presentation and asked why Craig Wright was allowed to speak at the conference and called him a “fraud.”
In the middle of his 62 twitter post conference commentation, he even calls out Tron.
And by the way, most people missed one of the more well-hidden jokes in https://t.co/2TE0MERuSM: ~20% of the blogpost was plagiarized from https://t.co/Lbbf1wdVFf[2][3]
— Vitalik “Not giving away ETH” Buterin (@VitalikButerin) April 2, 2018[4]
A few months back, rumors flew around that Tron’s whitepaper[5] was plagiarised and it seems that Buterin wanted to stir that pot again, following Tron’s test net launch.
It seems that the founder isn’t done taking shots as this tweet, was just “retweeted” by him today, in regards to the news that John McAfee charges over $100,000 per tweet to promote a blockchain project.
How much to make sure McAfee *doesn’t* tweet about your project?
— zooko (@zooko) April 4, 2018[6]
I’m not sure who ruffled Vitalik’s feathers but it seems this is far from over – who will he call out next?
At press time, ETH is trading below $400 at $376 a coin, down -7.24%, in 24 hours.
>> Vitalik Buterin’s “Fraud” Video[7]
