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.

SEE ALSO:   EON Prediction: What You Need to Know About EON, The New Frenzy Among EOS Investors - EON News Today

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.

SEE ALSO:   Ethereum (ETH) Price Analysis: The Ethereum (ETH) to USD Pair Finds Support at $525 and May Keep Trading Higher (Ethereum News Today June 22)

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.”

loading...

Legal Disclaimer: The content of this website (smartereum.com) is intended to convey general information only. This website does not provide legal, investment, tax, etc advice. You should not treat any information on smartereum.com as a call to make any particular decision regarding cryptocurrency usage, legal matters, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, initial coin offerings (ICO), etc. We strongly suggest seeking advice from your own financial, investment, tax, or legal adviser. Neither smartereum.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from smartereum.com.

SEE ALSO:   What's The Difference Between Ripple XRP's Tech And Other Cryptocurrency Assets?-Sun Jun 24

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get Smart About Crypto!


Promise we won’t spam you!

We Are Hiring

Click here if you would like to join one of the fastest growing blockchain news companies in the world!