Most of the cryptocurrency market is trading in the red this morning, but the movement is trending upwards, and coins are beginning to flip green. Stellar (XLM) is just at the cusp of making the transition to positive market gains, but XRP, the coin created by Ripple (available on Binance), is falling far behind.
Let’s take a closer look at the projects surrounding these cryptocurrencies and their latest movement.
Ripple (available on Binance) and XRP are often confused with one another. Ripple (available on Binance) Labs is a blockchain-based global fin-tech company seeking to aid financial institutions with their proprietary payment platforms. XRP is a digital currency, independent of the company, that powers Ripple (available on Binance)’s xRapid product. Ripple (available on Binance) owns a large majority of the digital token.
Earlier this week, Ripple (available on Binance) held its annual Swell conference, but instead of Toronto, it was held in San Francisco.
#SwellbyRipple (available on Binance) is a wrap for 2018! Thanks to all those who joined us in SF, and for those who missed it, find the highlights here: https://t.co/5sPpGWvZo9 pic.twitter.com/ltuQgFv6LJ
— Ripple (available on Binance) (@Ripple (available on Binance)) October 4, 2018
The event kicked off with a Q&A with former US President Bill Clinton, and Day One concluded with a concert by the Counting Crows. Despite the positive two-day event, XRP hasn’t seen any boost in its price.