Stellar Lumens (XLM) Starts Massive Bull Rally, Overtakes Cardano (ADA)

2019 has been an unstable year for cryptos. The year started with top cryptocurrencies in the red and a surprise bull rally started in April. It seemed like a joke, but the tokens started to rally. The second quarter has not been impressive for altcoins despite bitcoin’s surge. On 12 July, Stellar price started a massive rally and overtook Cardano on the list of top currencies by market cap.

Stellar (XLM) Price Today – XLM / USD


Stellar Rises by 9% to Overtake Cardano

XLM price has traded sideways for a couple of days until the massive price surge today. At press time, Stellar price is pumping 9% and has a trading volume of $500 million in just 24 hours, the total growth rate of this altcoin is 10.20%. the market cap also touched 1.9 billion at press time.

Stellar saw most traffic for trading on exchange and its trading pair of XLM/USDT got $101 million in 24-hour trading volume. This figure is equivalent to 20 percent of the coin’s total market cap. LATOKEN was the second exchange with a large trading volume and had $66.81 million from the XLM/BTC pair.

Stellar Price Prediction: XLM Is Tagging Along With Bitcoin

So far, it is clear that XLM price has consistently fallen in valuation for 24 hours. This came before the massive bull rally. Stellar price dropped to $0.086, and the surge took its price to $0.1001, the current value at press time.

What is responsible for this massive surge? Analysts believe that the current pump is caused by Bitcoin which is also witnessing a rally. BTC, the largest crypto by market cap has seen a 2.37% growth in one hour. This may be traced to the statements by Donald Trump, the president of the United States. Google searches for bitcoin spiked after the pronouncement by Trump that he didn’t like Bitcoin. The crypto community took this as a form of advertising, and it is obvious that all publicity is good for cryptos.

Some analysts believe that this surge could be cut short when the dust settles and BTC price undergoes a price correction.

Cardano Price Prediction: Will ADA Ever Go Up?

ADA price hasn’t given any respite to traders. However, some analysts believe that it could be a good time to buy since the price is at its lowest. Yesterday, the coin started trading at $0.078 from which it dipped to $0.071 again. The bears hit again and Cardano price slumped again to $0.062. this means the coin lost about 12% of its value. At press time, ADA is trading at $0.069014 according to Coin Market Cap. The total market cap for the token is $1,789,335,467 with a 24-hour trading volume of $115,630,321 as opposed to XLM which made nearly ten times the volume. It is presently surging with the rest of the coins with a 5% increase in the past 24 hours. Can it reclaim its place from XLM? What is ADA price prediction for 2019?

ADA will begin to surge slowly over the week. From next week, we can expect the coin to reach $0.082 and trade from that support level. By the end of the month, it may also reach $0.085 if the present rally continues. At the end of the year, a $0.3 to $0.5 price figure can be expected.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.


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