Now Is the Perfect Time to Be Investing in Crypto—But the Window Is Closing
As of Tuesday morning last week, Bitcoin has popped about 45% since the election, while altcoins like Hedera are up more than 400% over that same time frame.
Keep up with what's happening in the crypto world in real-time.
As of Tuesday morning last week, Bitcoin has popped about 45% since the election, while altcoins like Hedera are up more than 400% over that same time frame.
The price of Stellar has bounced by 4% in the past 24 hours, although its move to $0.3274 finds the alt down by 7% in a week and by 23% in a month. The post Why Is Stellar Dropping? XLM Turns Red as Market Shifts – What's Next? appeared first on Cryptonews.
It has been an interesting day for Stellar (XLM). Prices climbed over 6%, adding roughly $500 million to its market capitalization.
The crypto market has struggled in the last two weeks, with Bitcoin facing resistance at the $100,000 mark. However, the last 48 hours have seen some semblance of recovery, and the following three coins signal a high upside potential in the near term.
In this top crypto price prediction article, we look at LTC, BNB and XLM prices and why the bullishness will likely continue.
Stellar's XLM token is showing signs of a potential breakout after forming a falling wedge pattern on its chart. This technical formation, often associated with price surges, is creating a buzz among traders, who believe the cryptocurrency could be set for a 30% rally.
Stellar forms falling wedge, targeting 30% breakout to $0.445 – key resistance at $0.3400.
Stellar (XLM) has recorded significant investor interest within the last 24 hours, and the asset looks set to take on AVAX. According to CoinMarketCap data, the trading volume of XLM has soared by 24% within the time under consideration.
XLM, the native cryptocurrency of the Stellar network, is currently facing a period of heightened uncertainty, with a potential 40% price drop looming over its future. The latest technical patterns, combined with market sentiment, are pointing towards significant bearish pressure that could push the price of XLM lower in the coming weeks.
Stellar Development Foundation Chief Business Officer Raja Chakravorti joins CoinDesk Live at the Ondo Summit with a discussion on the significance of tokenization beyond just creating digital assets. Plus, their outlook on creating financial accessibility through blockchain technologies.
Stellar (XLM) has recently demonstrated some early signs of a potential trend reversal, after forming a higher low on its charts. This could suggest that buyers are gradually regaining control, as selling pressure starts to ease.
Litecoin (LTC) joined Stellar (XLM) as a top performer, rising 1.3% from Wednesday.
In this market uncertainty, XLM, the native token of Stellar, appears bearish and is poised for a massive price decline. This bearish outlook is further supported by intraday traders, who seem to be strongly betting on short positions, as reported by the on-chain analytics firm CoinGlass.
With the asset recently printing a higher low on the charts, Stellar is displaying early indications of a possible trend reversal. This might suggest that buyers are gradually taking over to counteract pressure from sellers.
Cryptocurrency prices remained under pressure on Wednesday as concerns about trade rose. Bitcoin moved below the important point at $100,000, while most altcoins were deep in the red. This performance may continue this week as risks remain.
Over the past 90 days, the following 10 altcoins have led the market, with XCN and FARTCOIN emerging as frontrunners with 4-digit gains.
After a period of volatility, Stellar has been consolidating, and the price action is giving conflicting signals. The asset is testing important support levels that could dictate its next move, and it is currently trading at about $0.38.
Bitcoin bulls are chasing after new highs but investor actions in equities markets and sellers at the top of BTC's range are keeping a cap on price discovery.
With its ecosystem's total value locked (TVL) rising significantly, Stellar is exhibiting encouraging growth indicators. The increase in TVL indicates that people are becoming more confident in Stellar's network and its growing contribution to decentralized finance.
Stellar Lumens' price consolidated in January, mirroring the performance of Bitcoin and most other altcoins. Stellar (XLM) traded at $0.4240 on Friday, down 33% from its peak in November last year when it experienced a strong rally.
The crypto market has shifted from bearish to bullish in the second half of the week, improving overall conditions for altcoins. This shift in sentiment has driven strong gains for select assets fueled by rising demand.
Cryptocurrency prices moved a little on Friday as Bitcoin found a big barrier at $105,000. The total market cap of all cryptocurrencies retreated slightly to $3.56 trillion after the Federal Reserve left interest rates unchanged at 4.50% in the first interest meeting of the year.
Stellar (XLM) has faced a significant dip in network activity, with processed operations dropping by 50% from a previous peak of over 600 million transactions per period. Currently, the network is processing approximately 300 million operations.
When it comes to the rivalry between XLM and XRP, things are getting interesting. After a rough few months, Stellar's XLM token may finally have reached a key low against its long-time competitor, XRP.