- Bitcoin Gives Way to Altcoins, As Its Dominance Drops to 66 Percent
- Stellar Lumens (XLM) Follows the Footstep of XRP with More than 8 Percent Gain
Stellar Lumens News Today – Bitcoin (BTC) is still trading within a tight range, and this has kept the digital currency slightly over its support level. The stagnation of Bitcoin has resulted in a dip in market share. The dominance of Bitcoin (BTC) is currently reducing as some altcoins have started making bigger moves. Some of the altcoins experiencing huge gains are Stellar Lumens (XLM), XRP (XRP), and Ox.
Bitcoin Gives Way to Altcoins, As Its Dominance Drops to 66 Percent
Over the past day, Bitcoin (BTC) has been trying to break higher. The digital currency has been trying to break over the $8,500 mark. However, $8,400 is the best it has done over the past day. The bearish pressure is still pretty much and the resistance level is proving too strong. On the other side, the price of Bitcoin (BTC) plunged to $8,240. However, it was able to amass some traction and return to the $8,300 mark again.
The recent price action of Bitcoin has been music to the ears of altcoin investors, especially XRP traders. The price of XRP has surged by more than 11 percent since the weekend. Ripple has proven to be one of the best performing digital currencies so far, as it hit $.0298 a few hours ago. So far this month, Ripple’s XRP has surged by about 20 percent.
Nevertheless, the price of XRP is still down by 15 percent since the start of this year, so it has a long way to go. XRP seems to be gaining more traction due to the forthcoming Ripple Swell conference in Singapore early this month. XRP is currently facing a major resistance at the 30 cents mark. However, a break over this level could push the price of the coin significantly higher.
Stellar (XLM) Price Today – XLM / USD
Stellar Lumens (XLM) Follows the Footstep of XRP with More than 8 Percent Gain
Whenever XRP moves, Stellar Lumens (XLM) also surges along. Over the past twenty-four hours, the price of XLM is up by 8 percent, bringing XLM to USD price to $0.065. Nevertheless, the digital currency is way down from its previous highs. Stellar Lumens (XLM) is more likely to follow the trend of XRP, as both of them seem to move in tandem.
Stellar Lumens (XLM) currently lacks the momentum to drive its price. However, it could also benefit from the Swell conference, as it tends to mimic XRP. XRP is currently the 10th largest digital currency by market cap and it has held that position for quite some time now.