Why are cryptos like Ripple and Stellar sky rocketing in prices?

[seoincorporation]

The subject itself is the question, so if anyone can help with that?

Well, as we can see in the poloniex graph, we can say it's on the recover:


https://s9.postimg.org/6fy1zkttb/ripple.png

Ripple had a nice bump some months ago, but then it crash hard. we should remember who was behind the past bump, and the answer is Banks. They spend tons of money buying this alt coin, and this was because they see ripple as the cheap ethereum, in other words, a cheap way to make smart contracts.

but here, the question is why they are sky rocketing? try to guess who is behind this the bump... maybe banks (again)

[profit-shooter]

It is all because of the demand and popularity.

[ManaMan]

The subject itself is the question, so if anyone can help with that?

If you notice, there is not anything spectacular about most alts as they don't have real usage, at least not yet. So it is left that people do speculations and even as of today most transactions on any crypto currency is simply between user wallets and exchanges. Which as you look at it could seem that we are all chasing some bubble up somewhere without any value, the point is we as people create that value. As many people see bitcoin price to be out of hand and they tend to feel that game is over for investing into bitcoin they tend to move toward other cryptocurrencies and tokens in hopes to get rich. If you look at it that many people look at the surface of particular coin and jsut dump their money on it and see what happens. If they read ripple - banks use it! Aha that's the future and when you see those pumps many other people are buying in as they tend to see this as easy money. And both stellar and ripple have fast transactions which makes them good choices because as of this time bitcoin is unusable because not many people use LN and it needs it ASAP so scaling needs to be done and it's urgent when other people see other coins that can outperform transaction capacity well... which is most of alts since they are not loaded with transactions. Above all these are somewhat popular coins among people which makes them even more better choice when you know that other believe in the same project as you believe.

I won't say anything from technical point of view, as mostly trades are done on an emotional lvl, not what tech lies behind.

[MintDiceSupport]

They're both pretty similar but both have different goals. Stellar aims  more towards charity while Ripple is more about financial institutions and bank-focused and has done pretty well due to its investment in marketing. Both are working to come up with innovations and solve major problems, so their success is warranted.

We have a blog post comparing the two, so check it out

http://bit.ly/StellarVsRipple

Cheers!

[swissgang]

Because they work with big banks of world that actually means lots of profit and recognition for these coins so they go up a lot compared to other coins.

[rob143]

The price is low at the moment, but i know that stellar is one of the best projects out there (and the teams are the same from Ripple) so both under the same management at the moment, but with different projects, and different purposes.

[granchio]

The ripple is skyrocketing sometimes, but I think this movements are just pumping and dumping. I am not sure about the stellar, but I think ripple is not a good altcoin to make investment, because I don't think it is a promising coin.