As the name implies Stellar which means star, this digital currency immediately soared more than 65% at the beginning of 2018, making it into the top 10 crypto classification based on market capitalization.
Stellar has a market share of $ 10 billion as the eighth largest digital currency, according to CoinMarketCap. This digital coin is traded 17.5% higher than the previous 56.4 US cents.
Stellar operates a network with blockchain technology such as Bitcoin. However, unlike popular digital currencies, Stellar transactions stay within 2 to 5 seconds and allow users to quickly exchange government-supported currencies, such as converting US dollars into euros, according to its website. Stellar coins are officially called Lumens or XLM.
International Business Machines (IBM) uses Stellar's network to develop a cross-border payment system with several major banks. So it is with the consulting firm Deloitte who became a business partner of Stellar.
Meanwhile, Bitcoin, the crypto currency with the largest market capitalization of USD232 billion, has lost its upward momentum over the past two weeks. According to Coinbase, the digital currency has dropped 12% during the week. And throughout the year 2017, Bitcoin received the most attention because it has soared about 1,900%.
Ripple or XRP rose 35,500% to USD2.30 at the end of last year with a second market capitalization in digital currencies. Ripple was trading 2% higher, with a market share of USD94.65 billion, according to CoinMarketCap.
Like Stellar, Ripple's focus is on payments. Start-up is based in San Francisco, California, USA, in collaboration with financial institutions in South Korea and Japan to use Ripple.
Both companies also have the same founders: the crypto cognitive developer Jed McCaleb, who created the Bitcoin exchange. McCaleb left Ripple in 2013 and sold Mt.Gox in 2011 to Mark Karpeles, but suffered a massive hack and eventually went bankrupt. Now, McCaleb focuses on Stellar.
Meanwhile, Ethereum jumped 17.5% to an all-time high of USD908.12, according to CoinMarketCap. But this digital currency remains in third position by market capitalization. Litecoin jumped 14% to USD261, about USD100 below its record high in mid-December, according to CoinMarketCap. Litecoin has a market share of USD14 billion as the sixth largest digital currency.
In an official announcement via its website, the famous Cryptocurrency exchange named Bittrex Cryptocurrency Exchange reported that they would remove 82 coins from its stock market due to the lack of liquidity they present.
Bittrex, headquartered in the US, listed 82 coins to be removed in the market due to lack of liquidity. Among the tokens to be excluded from the platform are 8BIT, ADC, AM, AMS, APEX, ARB, BITS, BITZ, BLC, BOB, BSTY, BTA, CCN, CRBIT, CRYPT, DAR, DGC, DRACO, DTC, FC2, FRK, FSC2, GEMZ, GHC, GP, GRT, HKG, HYPER, HZ, J, KR, LXC, MAX, MEC, METAL, MND, MTR, MZC, NAUT, NET, NEU, NTRN, OC, ORB, PRIME, PXI, ROOT, SCOT, SCRT, SFR, SLG, SLING, SOON, SPRTS, SSD, STEPS, STV, U, UFO, UNIQ, UNIT, UNO, UTC, VIOR, VIRAL, VPN, WARP, XAUR, XBB, XC, XCO, XDQ, XPY, XQN, XSEED, XTC, YBC
Likewise Bittrex recommends the token holder to withdraw their digital assets before the deadline they specify, so as not to lose everything entirely. If you have the coin in bitrrex then it should immediately sell or withdraw it before 30 March 2018.
Another aspect to consider is altcoin with low liquidity and low demand will present more problems for the exchange. Another problem that arises in the case of this lack of liquidity is the possibility of price manipulation, which prompts speculation and money laundering movements.
This is not the first time Bittrex has removed the coin from its platform, it also happened in October 2017. However, it is estimated that Bittrex's final action to remove 82 tokens from its trading platform can be a step to avoid potential traps by the Securities and Exchange Commission (SEC).
In this case, keep in mind that in early February Bittrex CEO Bill Shihara informed that they plan to enable operations in US dollars (USD) in an effort to expand and attract more clients.
