3 cryptocurrencies focused on blockchain solutions for businesses that have made big profits so far this year

The mass adoption of blockchain technology continues to gain momentumMicro-strategies using Bitcoin (BTC) to pay bonuses to the board of directors and Topps, with its plans to launch non-fungible trading card tokens, are making headlines almost daily.

As more companies and organizations investigate what blockchain technology integration can do for them, tokens that offer business solutions and provide stakeholders with an easy way to explore and use distributed ledger technology saw triple digit growth in 2021.

Daily chart of the pairs XRP / USDT, XLM / USDT and XDC / USDT. Fountain: TradingView

XRP, Stellar (XLM), and XinFin Network (XDC) are three enterprise-grade cryptocurrencies whose prices have outperformed the market in recent weeks. Companies around the world are increasingly looking for blockchain solutions to build a lean and efficient global corporate network.

XRP / USDT

3 cryptocurrencies focused on blockchain solutions for businesses that have made big profits so far this year
3 cryptocurrencies focused on blockchain solutions for businesses that have made big profits so far this year

XRP is perhaps one of the most famous cryptocurrency projects, just behind Bitcoin and Ethereum since it has a large group of supporters, often referred to as those “XRP Army” for his willingness to defend the controversial project.

While XRP growth initially slowed in 2021 due to The price spiked in April as a result of regulatory measures by the US Securities and Exchange Commission that resulted in the banning of XRP from several cryptocurrency exchanges.

4-hour chart of the XRP / USDT pair. Fountain: TradingView

XRP’s trading volume and social activity rebounded significantly in early April when The platform refocused its marketing efforts on promoting how Ripplenet can help create a “more financially inclusive and sustainable future”.

The shift in focus also included acquiring a 40% stake in the cross-border payment specialist Tranglo April 5 and display from a partnership with Mercury FX 9th April. The goal of these associations is intended to contribute to the development of an international payment system across Africa. and this coincided with the last big spike in XRP price.

XLM / USDT

Stellar is an open network that was originally founded in 2014 as a result of a hard fork in the Ripple Labs protocol due to differing views on the direction of the project.

Over the years his mission grew Try to increase inclusion by reaching out to the world’s non-banks to help financial firms connect with each other using blockchain technology.

Some of the most important news for XLMs were produced in early March with the release of Horizon 2.0:

According to the announcement, Horizon 2.0 has created a new way to operate the Stellar network infrastructure “It enables both large businesses and small developers to deploy Horizon with fewer resources, fewer constraints, and much more flexibility than ever before.”

The team also announced partnerships with the Velo protocol Assisted in promoting international payments in Southeast Asia and with Cowrie Integrated Systems to develop payment gateways in Africa; with its initial efforts focused on Nigeria.

April 6th The Stellar Development Foundation (SDF) validation nodes have temporarily suspended the validation of transactions on the Stellar network, which worries community members. According to SDF, the network stayed online during this time as most of the nodes on the network were still operational and processing transactions.

XLM / USDT 4-hour chart. Fountain: TradingView

After an initial drop in XLM price due to offline activation of SDF nodes Confirmation of the security and decentralization of the Stellar network resulted in a rapid rebound and breakout towards $ 0.656, its highest level since January 2018.

XDC / USD

A lesser-known business solution that launched this year is XinFin Network (XDC), a hybrid blockchain technology company optimized for international trade and finance that “combines the power of public and private blockchains with interoperable smart contracts”.

Uses the XDC protocol the Proof-of-Stake Consensus Mechanism (XDPoS) delegated by XinFin This is designed to create a blockchain network with high scalability, security, authority and trading quality.

The year 2021 started sluggishly for XDC due to the AlphaEX stock exchange hack in December 2020, in which 300 million Ethereum-based XDCs (XDCEs) were stolen and sold on the open market.

A number of measures have been taken to mitigate the effects of this incident, including Burning 500 million XDCE and the decision to let the XDCE contract expire and focus solely on the XDC token.

4-hour chart of the XDC / USD pair. Fountain: TradingView

After the community resolved the hack The XDC price soared to a new all-time high of $ 0.076 on April 10, thanks to protocol updates like the ability to send tokens no connection and a bridge XinFin-Corda, with which XDC can move freely between Corda Network and XinFin.

XDC also benefited from listing on various exchanges including Liquid Global and Probit, as well as the introduction of a regulated digital asset index XinFin by regulated index provider Vinter.

As blockchain technology continues to integrate across industries and businesses, you can find out what Distributed Ledger has to offer. Business-centric solutions such as XRP, XLM, and XDC are well positioned to see further growth as they provide simple solutions that allow users to create and transact cryptocurrencies with minimal effort.

The views and opinions expressed are those of the author only and do not necessarily reflect the views of Cointelegraph.com. Every investment and trade movement is associated with risks. You must do your own research when making a decision.

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