Price Analysis: Stellar Lumens Moving Upward While Cardano, EOS, and NEO Stabilize

stellar xlm

Presently, a lot of the biggest players in the digital currency space, including Bitcoin, Bitcoin Cash, Ethereum, and Litecoin, are going through strong corrections and most of the leading altcoins are also moving in that direction. A lot of digital currencies are starting to stabilize, and some of them are even showing stronger gains.

Stellar Lumens (XLM)

This digital currency is showing double-figure gains since it was last reviewed, with more than $100 million in trade volume in the last twenty-four hours. This is great new because Stellar Lumens have had a very tough week.

The cryptocurrency had lost about 20% of its value since on Monday, May 7, when its trading value was about $0.43, and its overall market civilization was about $8 billion. Presently, as the week rounds up, the market capitalization of the digital currency has declined to $6.9 billion. This is a loss of more than $1 billion in less than seven days.

Cardano (ADA)

The value of Cardano has slightly dropped to $0.26. Recently, the digital currency was integrated on Metaps Plus – a South Korean mobile payment platform. Cardano is the first digital currency to be integrated into a platform like this, and this will make the digital currency usable by about thirty-three thousand offline stores.

NEO

The current trading value of NEO is $64. After trading for about $90 earlier this week, the digital currency declined to $64, this means it lost about $26. FX Street’s John Isinge (Analyst) said that the value of NEO has dropped by over 14% and further reduction in price could occur if the support levels of the digital currency do not rise quickly.

EOS

Just like other digital currencies, EOS has also seen a significant reduction in value. Presently, the digital currency is trading at $14, after a decrease of almost 15%. However, the digital currency still has a lot of positive sentiments, and some analysts are calling it “Ethereum Killer.”

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