The post Bitcoin (BTC) Holds Strong Above $90K: 4 Altcoins Expected to Surge appeared on BitcoinEthereumNews.com.

Most top cryptocurrencies by market cap are trading in the green, with BTC trading at around $92,000. Altcoins, including Solana (SOL), Stellar (XLM), and Ripple (XRP) have gained notably over the past day.  The crypto market is trading up again today, with some of the biggest projects such as Bitcoin (BTC), Solana (SOL), Ripple (XRP) and Stellar (XLM) the top gainers. BTC is trading steadily around the $92,000 level. As Bitcoin nears its peak dominance, we approach the altcoin season, and investors are turning their attention to these smaller projects.  Let’s explore some of the top altcoins to look out for! Stellar (XLM) The Stellar network is similar to the Ripple ($XRP) network. It is a decentralised payment platform and cryptocurrency that facilitates low-cost cross-border payments quickly and enables financial inclusion for individuals and businesses globally. The Stellar network was created to support digital representations of any currency but has its native token called Lumens (XLM). Stellar was developed as a fork of the Ripple protocol. It aims to create a global network connecting financial institutions, payment processors, and individual users, making cross-border money transfer easier and providing access to essential financial services. Stellar uses its consensus algorithm called the Stellar Consensus Protocol (SCP), allowing quick transaction confirmation by a network of trusted nodes and avoiding resource-intensive mining. Lumens (XLM) are a bridge asset, enabling seamless value exchange between different currencies and facilitating cross-border transactions. Lumens protect the network against spam attacks and ensure its security and reliability. Stellar goes beyond payment capabilities and focuses heavily on supporting micropayments and enabling the issuance of digital assets through its decentralized exchange abilities. Stellar’s additional focus makes it desirable for applications such as remittances and tokenized assets and for facilitating access to financial services in jurisdictions lacking traditional financial infrastructure. Through an open and inclusive approach to connecting…

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Filed under: News - @ November 19, 2024 4:20 am