- Dogecoin, Stellar, Steem, drop like Bitcoin
- XLM posted a depreciation of 28.95% in the last week
- STEEM posted a depreciation of 38.49% in the last week
Stellar Lumens News Today – digital currencies have enjoyed better days. Now it seems the good times have vanished. Almost, every digital asset has struggled to maintain its position above after a week that saw cryptos across the board dropping by huge numbers. But note that this drop in the value of the bulk of altcoins was after the number one coin Bitcoin registered a 47% fall in its value since last week. Now let us focus on three coins who have followed BTC’s price action.
Dogecoin and Stellar Lost 29.5% & 28.95% in the Last Week
Dogecoin is arguably the most well-known meme-coin out there. While one recent tweet posted by Elon Musk managed to propel Dogecoin, the small amount of momentum it picked was short-lived. This is true when comparing it to Bitcoin’s influence.
At the beginning of February this year, Dogecoin had soared to a high point of $0.0036. However, since that time, the coin has maintained a steady drop aside from a few short bursts. Since March, Dogecoin has posted a 29.56% price decline. This took its price down to $0.0015 within one week. At press time, the price of Dogecoin held a total market cap of $196 million. The coin posted a 1.23% dip in its price in the past 24 hours.
Meanwhile, the Stellar Lumens token has suffered significant price drops in the last week. The coin recorded a depreciation of 28.95% in that period. As of when this content was published, the coin was reportedly trading at $0.035. Stellar’s performance has dwindled in the past month. It is a far cry from the point it held in mid-February. One week ago, the price of XLM was trading at the $0.050 area, but it ended up maintaining its bearish run. This brought down the coin’s price by a mile.
STEEM Dropped By 38.49% in the Past Week
Among the altcoins that had a bad week, STEEM has been the one most affected. It has endured some controversy over charges of centralization in recent months. However, while the digital asset didn’t show any symptoms of being affected at the beginning, last week has been different. STEEM dropped from $0.21 to $0.12 over the last seven days. It registered a 38.49% drop.
At press time, the coin held a market capitalization of $68 million. Its trading volume was $13 million. In the past 24 hours, STEEM is gathering momentum. It posted 46% gains and appears to have carried this momentum to today.