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




Stellar Lumens overtakes Cardano on the cryptocurrency charts after surging by 9.01%
  • 3 Vote(s) - 4 Average
  • 1
  • 2
  • 3
  • 4
  • 5

#1
[Image: huskies-273409_1920-e1562920139966.jpg]
2019 has been a difficult year to keep your eyes off the virtual asset ecosystem, since the valuation of cryptocurrencies has been going through a continuous cycle of major pump and dump. The trend continued at press time, as a massive price surge was unfolding for Stellar Lumens [XLM]. The altcoin had been relatively quiet over the past few weeks, with minor gains followed by major corrections in the market.


[Image: Stellar.png]
Source: Coinmarketcap

However at press time, XLM was pumping at an enormous rate of 9.01 percent in an hour, with a massive trade volume of nearly $500 million over the past 24 hours. The growth rate over the last 24 hours was recorded to be 10.20 percent and the market capitalization of the altcoin was around $1.9 billion.

The altcoin was traded the most on the BW.com exchange, where the trading pair of XLM/USDT garnered about $101 million in 24 hour trading volume, which was equivalent to around 20 percent of the market cap. BW.com was followed by LATOKEN in the 2nd place, with a trading volume of $66.81 million via the XLM/BTC pair.

[Image: Stellar-main-pump.png]
Source: Trading View

It can be observed from the charts that XLM was consistently falling in valuation over the last 24 hours, before recording the aforementioned market surge. The token was down to $0.086, before the hike took its valuation to $0.1001, at press time.

It was suggested that the current pump was surfacing due to the influence of Bitcoin in the market as BTC was witnessing a pump of 2.37 percent in an hour at the same time. However, speculations suggest that XLM will undergo another price correction, when the dust settles.



by Biraajmaan Tamuly
Reply


Possibly Related Threads...
Thread Author Replies Views Last Post
  Nexo’s Initiative Makes Stellar The Latest Collateral Option for Over 200k Crypto Use crytocure 0 33 Yesterday, 02:32 PM
Last Post: crytocure
  Stellar Added To Nexo’s Instant Crypto Credit Lines; XLM Price Gets A 3.5% Boost crytocure 0 26 Yesterday, 02:24 PM
Last Post: crytocure
  Stellar Price Analysis: Price Surge in Stellar (XLM) Takes it to $0.090 crytocure 0 31 Yesterday, 11:51 AM
Last Post: crytocure
  Stellar Price Analysis: Stellar Takes Giant Strides to Encourage XLM Mass Adoption crytocure 0 27 Yesterday, 09:41 AM
Last Post: crytocure
  Binance Unknowingly Earns Staking Rewards of Stellar, Adds Support crytocure 0 27 Yesterday, 06:00 AM
Last Post: crytocure
  Stellar Lumens up by 10% over the hour; surges past Tron owing to Poloniex crytocure 0 39 18-07-2019, 01:09 PM
Last Post: crytocure
  Here’s Why Stellar Lumens XLM Outperformed The Rest Of The Cryptocurrency Market crytocure 0 33 18-07-2019, 01:04 PM
Last Post: crytocure
  Stellar Price Analysis: Stellar may Put an End to the Slumping Trend Soon crytocure 0 30 18-07-2019, 12:56 PM
Last Post: crytocure
  Binance to distribute 9.5 million Stellar Lumens earned from staking, will add XLM crytocure 0 27 18-07-2019, 12:52 PM
Last Post: crytocure
  Stellar Price Analysis: Stellar (XLM) price upsurge begins; Good day for intraday crytocure 0 47 18-07-2019, 10:46 AM
Last Post: crytocure



Users browsing this thread: 3 Guest(s)