Stellar (XLM) gains 30% to get back into the top-ten cryptocurrencies

Stellar (XLM) gains 30% to get back into the top-ten cryptocurrencies
фото показано с : invezz.com

2021-1-13 14:48

Holders of the Stellar (XLM) token have cause to smile, as the cryptocurrency surged by 30% and outperformed other tokens in the market.

As a result of the performance, it made its way back to the top-ten position in the market, overtaking both Binance Coin (BNB) and Chainlink (LINK) in market cap. Presently, the XLM token has good fundamentals both due to its adoption and its overall development.

XLM a direct competitor of Ripple

The cryptocurrency is competing directly with XRP in the market, but the latter has been shattered after the recent lawsuit against its parent company Ripple.

After XRP’s price fall, Stellar’s XLM received a massive boost, and the company used the opportunity for the greater good. There was over a 200% rise in the value of XLM within few days after Stellar announced a partnership with Ukraine to roll out the country’s central bank digital currency (CBDC).

Bullish long-term outlook

Presently, Stellar has an overall bullish outlook, which has been boosted by positive news happening around the company. However, its short-term outlook seems to be a bit less bullish, which may not be a good sign for short-term holders.

While other cryptocurrencies recorded lower losses last week, XLM was a bit higher than most. The cryptocurrency recorded about 12% weekly loss, ETH recorded 11.27% loss, while BTC fell by 10% over the same period.

As of press time, XLM is trading at $0.280, representing a 69% increase compared to its value for the previous month. In late last month, XLM made a massive stride after a healthy retracement. But the move recently is slightly shaper. The daily XLM/USD chart faces a dense resistance of above the $0.3 level, with resistant support backed by the 21-day moving average.

Besides, the hourly time-frame of the cryptocurrency has shown how it broke the descending trend with utmost clarity. But experts are still having divergent views about the future movement of the token.

As it stands, XLM is currently the ninth-largest cryptocurrency in terms of market capitalization.

The post Stellar (XLM) gains 30% to get back into the top-ten cryptocurrencies appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

market stellar top-ten back xlm way performance

market stellar → Результатов: 126


Фото:

Davinci Jeremie Shares His Prediction After Stellar Track Record of Bitcoin Calls

Davinci Jeremie, Chilean software developer and little known Bitcoin guru, who has a stellar track record of Bitcoin calls is back.  Only As Good As Your Last Call If you’re sick of so-called experts, confidently calling the bottom of the bear market, only for the following week to wipe another [insert obscene amount of money here] off your portfolio… then perhaps you are listening to the wrong experts? Traders, pundits, gurus, seers, and other alleged Read More The post Davinci Jeremie Shares His Prediction After Stellar Track Record of Bitcoin Calls appeared first on Bitcoinist.com.

2018-12-13 04:00


Cryptocurrency Market on a recovery route as tokens take a Green turn

The last 24hrs has managed to steer the cryptocurrency market in a more promising direction after the perceived bearish trends surfaced yesterday. At the moment of this writing Bitcoin, XRP, Ethereum, Stellar and Tether who had been victimized by the bearish market yesterday have now taken a green turn as these tokens have now garnered […] The post Cryptocurrency Market on a recovery route as tokens take a Green turn appeared first on ZyCrypto.

2018-12-8 19:13


Altcoin Price Analysis: Litecoin Prices Ready to Bounce Back After 11 Months of Bleeding

After 11 months of lower lows, Litecoin, Monero, Stellar Lumens and Cardano prices are ripe for recovery mostly thanks to last week’s price stability and the general expectation in the market. Regardless, we shall maintain a bearish stance despite incoming streams of supportive fundamentals changing this position once there are gains above key resistance levels.

2018-12-3 07:00


Self-sustainable environment: Stellar (XLM) is building a complete crypto world within their ecosystem

As the market finally let the bulls out of the cages, at least for a day of recovery, Stellar has revealed the next big addition to their ecosystem. The Stellar Development Foundation has announced that it is currently in the final phases of preparing the release of their own decentralized trading platform (SDEX).

2018-11-29 03:42


EOS, Stellar (XLM) Fight for Top 4 Coin Market Spot, Looking to Oust Splintered Bitcoin Cash (BCH)

The Bitcoin Cash hard fork has cost the coin billions in market capitalization and is currently trading at $!84 which is almost 90% off its all-time high. Consequently, Stellar (XLM) and EOS are rapidly gaining on the coin and will soon surpass it in terms of market capitalization Stellar has remained relatively stable after the […]

2018-11-27 22:24