The past week was indeed a fascinating one for digital currencies in the crypto space. It is one of the best weeks we have seen in the crypto market so far this year. A lot of digital currencies found favor in the sight of the bulls and experienced a mind blowing increase in price. The bulls pushed the price of Bitcoin (BTC) through five digits. The price of Bitcoin (BTC) broke over the $10 and $11k level in about twenty-four hours. The increase in Bitcoin price resulted in a significant in the overall valuation of the crypto market, bringing it to more than $326 billion.
Stellar (XLM) Price Today – XLM / USD
The price of Bitcoin (BTC) surged enormously and broke over the $11k mark twice. The $11,250 acted as resistance before the digital currency started correcting lower. Bitcoin is presently experiencing a little price correction. However, the bulls are not done with the market yet, as the price of Bitcoin (BTC) is gradually crawling back to the $11k level. At the press time, BTC USD live price is $10,830 after an increase of less than one percent over the past day. The market cap of Bitcoin (BTC) tested a high of $200 billion as its daily trading volume peaked at $30 billion.
Stellar Lumens (XLM), Tron (TRX), Ethereum (ETH), XRP, and Others Also Tested New YTD Highs – Cryptocurrency News Today
A host of other digital currencies in the market also tested new year-to-date highs. One of the highest gainers over the past week is Ethereum (ETH). The price of Ethereum surged significantly and broke over the short-term Ethereum price prediction of $300 and hit a high of $320. Stellar Lumens is also one of the top contenders. The price of Stellar Lumens also skyrocketed, coupled with the recent bullish Stellar Lumens news. As the new week begins, almost all the top cryptos in the market going through a correction phase.
Most digital currencies are shedding the gains they amassed over the weekend. The prices of Litecoin (LTC), XRP, EOS, and Bitcoin Cash (BCH) are down by about three percent over the past day. Even XLM USD live price is down by about 1.7 percent over the past twenty-four hours. Nevertheless, while other digital currencies are correcting lower, the price of Tron (TRX) is on a continuous rise.
Tron (TRX) Returns to the Top 10 – Will Stellar Lumens Reclaim Its Position from Tron (TRX)?
Among the top ten digital currencies in the market, Tron (TRX) is the only digital currency that is moving in the opposite direction. Yes, Tron just found its way back to the list of top ten digital currencies in the market by market cap. TRX USD price is currently up by more than 6 percent, bringing the price of Tron to $0.039. As soon as this happened, the CEO and founder of Tron (TRX) – Justin Sun – did not waste much time in taking this Tron news to Twitter. In a tweet, Sun said, “Back to top ten now.”
How long can Tron hold that position? Tron had to flip Stellar Lumens to occupy that position. Can Stellar Lumens surge significantly and reclaim its position from Tron? Some crypto enthusiasts believe that the price of Stellar Lumens will hit the 15 cents mark in the next 30 days. If this Stellar Lumens price prediction occurs, the digital currency will find its way back to the top ten.