Everyone’s been hit hard in the past several months, but that’s been especially true for Stellar.
It is always complicated to make sense of cryptocurrency markets during the weekend.
Based on this weekend’s cryptocurrency momentum, the coming days and weeks may prove to get quite interesting after all. Despite some medium-sized setbacks on late Friday and throughout most of Saturday, it seems the situation is improving gradually. For the Stellar price, things, are looking quite good right now following some much-needed gains across the board.
A Healthy Stellar Price Jump
After another rough start to the year, it seems the cryptocurrency and digital asset markets may finally go through some positive momentum next week.
Not too much exciting price action is taking place across the cryptocurrency markets as of right now. Bitcoin is firmly in the green yet most other markets note smaller gains over the past few hours. One interesting development comes in the form of the XLM price, as Stellar Lumens has overtaken Litecoin in market cap once again.
XLM Price Surge Seems Legit
Every time the Bitcoin price tends to gain some decent value, one has to wonder how all alternative markets will respond.
Ever since the bull run on December 17th various cryptocurrencies have been overtaking each other for their spots on the top 10 ladder. In the case of Stellar and EOS, the two have been fighting for the top position since last month. In mid November Stellar overtook EOS for the top 5 spot, then on December 17th EOS overtook Stellar for the top 4 spot.
With today’s market action, we are seeing the price of most cryptocurrencies rise on average about 10%. EOS is leading the rally with an over 23% gain in the past 24 hours. The recent price spike for EOS also meant that it overtook Stellar Lumens in the top 4 spot by marketcap.
What is EOS Exactly?
One thing many people didn’t know is that EOS did in fact have an ICO, and the value of the tokens raised amounted to roughly $4 billion.
Weekends are usually not the most interesting period for cryptocurrency trading. More often than not, the markets go through another massive correction. This weekend is shaping up a bit differently so far, although no conclusions should be drawn at this time. In the case of Stellar price, things are looking quite good, at least for the time being.
Stellar Price Reaches for $0.12
Although Stellar Lumens are not one’s typical cryptocurrency by any means, the project itself is quite successful.
Today is proving to be another difficult day for all cryptocurrencies and digital assets. Considering how things are not looking all that great on the hourly charts things can easily swing in either direction. For the XLM price, the recent uptrend pushed the value above $0.15 again, even though there is no gain or loss in BTC value. That makes for an interesting trend in many different ways.
XLM Price Reclaims $0.15 for now
The past week has been rather disastrous for most cryptocurrencies and digital assets.
It is evident there are a lot of currencies people would love to see succeed in the years to come. Unfortunately, that may be a bigger uphill battle than most people anticipated at first, although things can always turn around in quick succession. For the XLM price, things are not looking too great, as a massive decline has been recorded in the past few hours. Sustaining the $0.15 is effectively impossible at this time.
XLM Price Woes Aren’t Over Yet
None of the top cryptocurrencies or digital assets note any real growth in this week.
Алексис Оганян старший косвенно выразил одобрение проекту Stellar Lumens. Вчера основатель Reddit написал в Twitter, что на r/Stellar, подфорум криптовалюты «действительно стоит подписаться» в этом году.