The crypto markets are in the red again on Tuesday, with the likes of Primecoin (XPM), Bitcoin (available on Coinbase) Private (BTCP), and Stellar (XLM) down. Meanwhile, IOTA has shot up, currently up more than 10% in the past twenty-four hours. Today, however, we are going to be focusing on the ships that are sinking. Specifically, Primecoin (XPM), Bitcoin (available on Coinbase) Private (BTCP), and Stellar (XLM).
Primecoin (XPM)
Primecoin (XPM) is currently selling for $2.24. This puts Primecoin (XPM) down 18.98% in the past twenty-four hours. Right now, Primecoin (XPM) has a market cap of $52.85 million.
Source: CoinMarketCap
Last week, news broke that Primecoin had been selected to become the basis for a forthcoming merge-fork of BTC. It was announced the name was to be Bitcoin (available on Coinbase) Prime. Then, the fork was confirmed, which caused the price of Primecoin (XPM) to plunge. The Bitcoin (available on Coinbase) Prime merge fork has no set date as of right now, and a few reports questioned last week whETHer the Primecoin (XPM) price will tank again in the days leading up to the remaining announcements.
Yes, the Bitcoin (available on Coinbase) Prime Fork is happening. We are happy to announce our website release. Check us out at https://t.co/NhRnXnUOyU. Stay tuned, there is plenty more to come! #Bitcoin (available on Coinbase)Prime #PrimeConsensus #Primes pic.twitter.com/VMaTsMsK2B
— Bitcoin (available on Coinbase) Prime (@BTCPrimeCoin) May 2, 2018
Tuesday has seen no announcements regarding the fork but Primecoin (XPM) certainly is down.
Bitcoin (available on Coinbase) Private (BTCP)
Bitcoin (available on Coinbase) Private (BTCP) is currently selling for $25.96. This puts Bitcoin (available on Coinbase) Private (BTCP) down 11.49% in the past twenty-four hours. Bitcoin (available on Coinbase) Private (BTCP) has a market cap of $530.24 million.
Source: CoinMarketCap
Both positive and negative things are happening in the Bitcoin (available on Coinbase) Private (BTCP) world right now. First, we’ll start with the negative. Bitcoin (available on Coinbase) Private has come forward and said there are scam sites pretending to be the official BTCP wallet, so its warning its users to never input their private key into any website that is not BTCPRIVATE.ORG.
Meanwhile, yesterday, Bitcoin (available on Coinbase) Private alerted its followers on Twitter (all 50.4K) that its contribution team had a meeting on the weekend and they started testing a proof-of-work change. This is thought to “enhance BTCP’s ASIC resistance.” Changes to the network may be made within the month.
Over the weekend our contribution team wrote and began testing a proof-of-work change that will enhance BTCP’s ASIC resistance. We are prepared to upgrade the network within the next month if community consensus continues to favor this course of action. https://t.co/a89J5GkWFI
— Bitcoin (available on Coinbase) Private (@Bitcoin (available on Coinbase)private) May 7, 2018
Stellar (XLM)
Stellar (XLM) is currently selling for $0.385404. This puts Stellar (XLM) down 0.48% in the past twenty-four hours. Stellar (XLM) is ranked as the 7th largest cryptocurrency by market cap.
Source: CoinMarketCap
Stellar (XLM) is a cryptocurrency that has been getting a lot of investor attention lately. Many believe Stellar (XLM) will move past Ripple (available on Binance) (XRP) after the team goes live with the Lightning Network on the 1st of December. Speaking of Ripple (available on Binance) (XRP), the aLTCoin is currently down 1.39% in the past twenty-four hours.