Despite the decline in prices of most cryptocurrencies, Ripple and Stellar prices remained stable for the better part of last week and this week.
Crypto investors were in for a rude shock Tuesday morning. The cryptocurrency market shed more than $20 billion in the past few hours. Bitcoin Cash and Ethereum were the worst hit, with BCH losing almost 50% of its value. But not all virtual coins suffered sharp price declines. Ripple (XRP) and Stellar Lumen were the least affected. Ripple and Stellar Lumen are the best performers. Ripple lost less than 10%. It is down from around $0.49 in Nov.15 to $0.45 on Nov 20. It is now leading Ethereum with over $4 billion in terms of market capitalization. Most cryptocurrencies have been struggling since the start of 2018. Bitcoin, Ethereum, Ripple and other major lost nearly 90% in value. For example, Bitcoin was trading at around $20,000 in December 2017. At the time of writing, the largest virtual currency by market capitalization is worth about $4,500.