Stellar Lumens (XLM) Forum with for newcomers and contributor's rewarded Check here




Stellar Price Comes Under Increasing Pressure as Minor dip Looms Ahead
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5

#1
[Image: shutterstock_1018805476.jpg]
As all cryptocurrency markets remain subjected to some minor bearish pressure, the coming hours can yield some surprising momentum. Some projects will face declines well before their competitors. It seems the Stellar price is still maintaining its uptrend, despite some minor pressure on the hourly chart.

STELLAR PRICE TRIES TO HOLD ITS OWN

In this volatile world of cryptocurrencies, tokens, and digital assets, any sort of market momentum can materialize when people least expect it. Right now, the bearish sentiment seems to grow stronger by the hour, whereas most traders expected a bullish outbreak. For the time being, Stellar is capable of holding on to its small gains, but that may not remain the case much longer.

   

To be more specific, the current Stellar price is still up by 1.54% as it rose to $0.112876. There is also a 0.75% gain in XLM/BTC, as the ratio now sits comfortably at 2,127. How long either of these levels will remain in place, is difficult to predict. Once Bitcoin starts to slip, it will go downhill pretty quickly for alternative markets.

What is rather interesting is how all crypto markets seem to maintain their normal trading volume without missing a beat. For Stellar, that is roughly equal to 11% of its market cap, which is more than acceptable under any circumstance. However, if the bearish pressure becomes tangible, this volume may trigger a fair bit of selling off in very quick succession. An interesting few hours lie ahead for this particular market.

On social media, there are some interesting developments worth keeping an eye on. Running a Stellar validator is not overly complicated. Wirex, the payments and payment card provider, currently runs three different validators. 

They all appeared on the network over the past few weeks, which further seems to confirm the company has high expectations of Stellar.

[Image: D4sueb8WAAIII9G?format=jpg&name=medium]
[Image: D4sueb7XkAAg4gP?format=jpg&name=900x900]
Quote:[Image: V1FzdOo7_bigger.jpg]
CD@Crypt0bags





@wirexapp running 3 @StellarOrg validators.  The first appeared 3-28-19.  #XLM #Stellar #BTC

8
2:02 AM - Apr 22, 2019

In a completely different discussion, there is still a lot of excitement regarding the partnership between IBM and Stellar. Since IBM’s blockchain division is using XLM for settlement and built their solution on Stellar’s infrastructure, the possibilities seem virtually limitless. How that will affect the XLM value over the coming months and years, remains somewhat difficult to predict.

View image on Twitter
[Image: D4w2pYvXsAAb9Yu.jpg:large]

Quote:[Image: ytDTGT6i_bigger.jpg]
Samuel Conner@samconnerone





@IBMBlockchain is not just using #XLM for bridge and settlement, they've actually built on @StellarOrg for which #XLM is the native asset and needed in order go live on the network. Here is a peak of the current nodes active on #Stellar in the beginning stages. More to be added

11
9:22 PM - Apr 22, 2019

All things considered, Stellar’s price will probably not remain in the green for much longer. That same logic applies to all other markets, thus it is not an isolated incident by any means. For now, the market trend doesn’t seem to warrant any steep declines either, thus it is likely no real damage will be done in the process.




by JP Buntinx
Reply


Possibly Related Threads...
Thread Author Replies Views Last Post
  Stellar (XLM) Price Analysis crytocure 0 15 5 hours ago
Last Post: crytocure
  Stellar Lumens Launches New Website, Price at All-Time Lows crytocure 0 20 Yesterday, 11:57 AM
Last Post: crytocure
  Stellar (XLM) Price Indicates Escalation; Price Hovers Around $0.068 crytocure 0 26 Yesterday, 11:27 AM
Last Post: crytocure
  Stellar Continues To Hover Around $0.067; Needs A Bullish Push crytocure 0 34 23-08-2019, 02:15 PM
Last Post: crytocure
  Stellar (XLM) Price Bearish Trend About To End; Indicating Price Recovery On The Char crytocure 0 55 22-08-2019, 02:59 PM
Last Post: crytocure
  How to Margin Trade Stellar Lumens (XLM) on Binance? crytocure 0 60 22-08-2019, 11:29 AM
Last Post: crytocure
  Stellar Lumens (XLM) Drops Back to $0.066 After Rising to $0.069 in the Past 24 hours crytocure 0 29 22-08-2019, 09:46 AM
Last Post: crytocure
  Stellar (XLM) Under Huge Market Pressure; Price Drops To USD 0.066 crytocure 0 28 21-08-2019, 02:08 PM
Last Post: crytocure
  Stellar Lumens (XLM) Embarks on a Reversal Trend, Trades Around its Major Support crytocure 0 44 21-08-2019, 09:47 AM
Last Post: crytocure
  HOT: Get Free Stellar Lumens from Poloniex crytocure 0 67 20-08-2019, 10:15 AM
Last Post: crytocure



Users browsing this thread: 1 Guest(s)