In the last 48 hours, the crypto markets have provided an exciting time for traders across the world. Late Sunday found the total market capitalization standing at $121.7 Billion. The total crypto market cap has since gained $11.55 Billion and is currently valued at $133.255 Billion at the moment of writing this.

Further checking individual cryptocurrencies, Bitcoin (BTC) is currently a few dollars shy of the $4,000 mark and is valued at $3,912. Ethereum has been the coin to watch since Sunday. ETH has had an impressive run in the markets from $124 to its current value of $147. This is an impressive 18.5% increment in the mentioned time period. EOS has also had an impressive run in the last 48 hours having exhibited gains of 23% since Sunday. The coin is currently valued at $3.58. Another coin that has had an impressive run is Bitcoin Cash (BCH) with 20% gains in the last 48 hours.

XRP and XLM Catching Up

As other major coins set the pace in the markets, XRP and XLM seemed to be lagging behind until now. Both are currently showcasing approximately 8% in gains in the last 24 hours.

24 hour Market performance of XRP and XLM. Source, Coinmarketcap.com

Further analyzing their price action since Sunday, XRP and XLM have gained by 11.8% and 12.5% respectively. This gives a clearer picture that the two digital assets have not entirely been left behind by the market excitement.

Recent XRP and XLM Upgrades

Looking at recent developments of the two digital assets, both have had recent upgrades to their code base. In the case of XRP, its newest ledger is version 1.2.0 that was released on the 13th of this month. This new code introduces the MultisignReserve Amendment. The latter reduces the reserve requirement associated with signer lists for Multisign. The new release also included incremental improvements to the code that handles offers in the decentralized exchange.

Switching gears to XLM, the recent upgrade of Stellar’s code was made available to the public on Valentines Day. The new version (v10.2.0) has a multiple improvements centered around the stability of the network. The new release also has the following new features.

• simplified and documented metrics
• added progress meter when catching up
• ability to log (debug/trace) transactions and their results
• SCP status includes delayed validator information to help identify slow validators in quorum
• new command line format now accepts global switches anywhere (ie before or after sub-command name)

What are your thoughts on the recent market performance of not only XRP and XLM, but the entire spectrum of cryptocurrencies? Do you think the current excitement will be sustained signalling a reversal of the ongoing bear market? Please let us know in the comment section below. 

[Feature image courtesy of Unsplash.com]

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

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