News and price analysis of the crypto assets Stellar, Polkadot and Tron
News and price analysis of the crypto assets Stellar, Polkadot and Tron

News and price analysis of the crypto assets Stellar, Polkadot and Tron

By Andrea Porcelli - 30 Mar 2023

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In the article we will go into a concrete analysis of the news and prices of crypto assets Stellar, Polkadot, and Tron.

Among the most recent news we will see the consolidation of the partnership between Polkadot and Stellar and the SEC’s continued allegations toward TRON and its founder Justin Sun, a prominent figure in the crypto industry.

An analysis of the market prices of Stellar, Polkadot and Tron crypto assets

If we were to compare the prices of the three cryptocurrencies, we could see that all three have gone through different cycles in recent weeks.

On the one hand we see the continued growth of the Stellar (XLM) crypto, which has performed positively in the last period, on the other hand the negative performance in the last month of Tron (TRX), all the way to the fragile stability of the Polkadot (DOT) crypto.

But let’s examine them one by one.

First off, let’s start with the one that has performed positively: Stellar, a cryptocurrency with the goal of connecting the world’s financial system, enabling businesses and developers to take advantage of its high speeds, low transaction costs, and the interoperability of its network.

At the moment, the price of Stellar (XLM) is US$0.10, far from its all-time high of US$0.94. However, the cryptocurrency has performed magnificently over the past month with a positive increase of nearly 20% (19.5% to be more precise).

The XLM token has a capitalization of $2.8 billion, with a trading volume (24 hours) of $165.7 million. The outstanding supply is 26.6 billion XLM with an average holding time of 44 days.

Moving to the Tron token (TRX), we can see that the last month has not been one of the best, dictated mainly by the various news involving it with the SEC (more on this later).

The token is now at a price of US$0.0642 and has seen a decline of 8% over the past month. The market statistics are very clear, the token is light years away from its all-time high of $0.30.

However, the market capitalization is much higher than that of Stellar, indeed it is $5.8 billion with a trading volume of $247.5 million.  The circulating supply is 91 billion TRX.

Polkadot, on the other hand, has not recorded anything too positive in the last period, remaining very stable. Hopefully, the news of the partnership will raise the price of the token.

A price which is $6.17, with a capitalization of $7.2 billion (the highest of the three) and a daily volume of $182.3 million.

The circulating supply is 1.3 billion DOT with an average holding time of 145 days.

The crypto partnership between Polkadot and Stellar

Developed by Gavin Wood, one of the co-founders of Ethereum, Polkadot is a scalable, interoperable and secure network that allows different blockchains to communicate with each other. Its unique architecture enables communication between chains, which is critical to the growth of the decentralized finance (DeFi) ecosystem.

On 28 March, Polkadot announced a major partnership with the Stellar network. The partnership aims to leverage greater liquidity by connecting the two networks through the Spacewalk bridge.

The Spacewalk bridge is a new development of one of Polkadot’s parachains, the Pendulum Chain. This partnership is expected to benefit both networks by increasing interoperability, liquidity, and user base.

Stellar is a popular blockchain network specializing in cross-border payments and digital assets. Its focus on financial inclusion has made it a favorite among users and developers.

By partnering with Stellar, Polkadot plans to expand its reach and enable its users to access Stellar’s growing ecosystem of decentralized applications and services.

The Spacewalk bridge is a significant development in Polkadot’s journey toward becoming a fully interoperable network. It is a two-way bridge that enables token transfer between the Polkadot and Stellar networks.

This will enable Polkadot users to access Stellar’s vast pool of liquidity and benefit from its low transaction fees and fast transaction times. At the same time, Stellar users will have access to Polkadot’s growing ecosystem of DeFi applications and services.

The Spacewalk bridge is built on top of the Pendulum Chain, one of Polkadot’s parachains. Parachains are dedicated chains that run in parallel with Polkadot’s core network.

They enable developers to create applications and services tailored to their specific needs.

The Pendulum chain is designed to support interoperability between blockchain and different networks, making it the perfect candidate for building the Spacewalk bridge.

The partnership between Polkadot and Stellar is a significant milestone in the development of the DeFi ecosystem. The two networks share a common goal of enabling financial inclusion and democratizing access to financial services.

By working together, they can leverage each other’s strengths and provide users with a more comprehensive suite of services and applications.

The partnership also emphasizes the importance of interoperability in the blockchain space. Interoperability is the ability of different blockchains and networks to communicate with each other.

It is essential to the growth and adoption of blockchain technology, as it allows users to access a wider range of services and applications.

Polkadot’s architecture is built with interoperability in mind, and the Spacewalk bridge is just one example of how this can be achieved.

The partnership between Polkadot and Stellar has been well received by the blockchain community. It has been welcomed as a significant step toward creating a more connected and inclusive financial system.

The two networks have a combined market capitalization of more than $10 billion and their collaboration is expected to have a significant impact on the blockchain space.

More problems with the SEC for Tron and Justin Sun

The US Securities and Exchange Commission (SEC) has filed securities law violation charges against TRON Foundation founder Justin Sun and his associated companies.

The charges involve the alleged unregistered sale of what the SEC called “crypto asset securities,” as well as wash trading and a bounty program.

According to the SEC, TRON, BitTorrent and Rainberry Inc. engaged in the unregistered sale of securities by offering and selling the TRON cryptocurrency, TRX, to US investors.

The SEC alleges that Sun and his companies violated the registration requirements of the federal securities laws and misled investors about the true nature of the offering.

The SEC’s charges also include allegations of wash trading, a practice of artificially inflating trading volumes to create a false impression of market activity.

The Securities and Exchange Commission alleges that TRON and Sun engaged in wash trading by using a third-party trading platform to create a false demand for TRX and artificially inflate its price.

In addition, the SEC accused TRON and Sun of running a “bounty program” to promote the use of TRX. The company allegedly paid people to promote TRX on social media and other online platforms, without disclosing that they were being paid for their efforts.

The SEC has already taken action against several cryptocurrency companies for similar violations, including Telegram, Kik, and EOS.

In response to the allegations, TRON and Sun issued statements denying any wrongdoing, the CEO calling the allegations “unfair and unfounded.”


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