The last 6 weeks in the cryptoverse have been a little sad. Prices have been flat or trending negatively. Although good news has been hard to come by. The last 24 hours however have provided some long overdue cheer. The global marketcap has jumped 20% overnight which will have results in short term gains for many. A quick look at the top 100 reveals a few projects worth highlighting briefly. Among the established projects the big movers include Ripple, Stellar and TRON. Two other less well known projects enjoying spectacular overnight gains are Aurora and MonaCoin.

Ripple

News of the impending release of the xRapid platform has seen the price of XRP jump 42% to $0.46. xRapid is the company’s real-time settlement software. xRapid will use XRP to provide on-demand liquidity and increase the speed of cross-border payments. Last week, Ripple project executive made positive comments regarding the upcoming release of xRapid. Consequently the market has reacted positively.

Stellar Lumens

Stellar has been one of the standout performers throughout the summer. It has held it’s value better than most. The Stellar project is well developed and has notable partners. Stellar looks increasingly like a solid long term play. The overnight gain of 18% to $0.24.

TRON

The TRON project has one of the highest git commits and one of the most impressive development teams. Ably led by Lucien Chen the TRON project released it’s virtual machine at the end of August. Kanye West has some and TRON has acquired BitTorrent. TRON jumped 14% to $0.022.

A brief introduction to Aurora & MonaCoin

Aurora

This project has caught the eye after a 56% jump overnight pushing it up to 63 in the coinmarketcap rankings. Auroracoin was created as an alternative currency to address the government restrictions on Iceland’s króna, in place since 2008, which severely restricts movement of the currency outside the country. Iceland’s Foreign Exchange Act also prohibits the foreign exchange of bitcoins from the country, according to a government minister. Auroracoin was the first of a number of country-based cryptocurrencies.

MonaCoin

Mona Coin gained 43% in the last 24 hours. It must be a day for nationalism as there are similarities between Aurora and MonaCoin. The MonaCoin Project launched MonaCoin in 2013. The project is called Mona in reference to the meme-cat “Monā” or “Mona”. The online community 2channel (or 2chan) popularized Mona.

2chan, the tech information hub, announced the development of the cryptocurrency. The cryptocurrency was the brainchild of Mr Watanabe. Mr Watanabe enjoys a similar mythical and annoynmous status to bitcoin’s Satoshi Nakamoto.

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