Stellar (XLM) Price Analysis: Looking Better Than Ripple, XLM Surges By 4%. Saturday, October 20th
Stellar Looking Better Than Ripple, XLM Surges By 4%
Experts continually differ on whether Stellar is better than Ripple every day. However, regardless of which one comes out on top, there is no denying that Stellar has come a long way, and could quite possibly overtake Ripple.
Both of these projects aim at closing the bridge between fiat and cryptocurrencies.
Essentially, the projects want to work with traditional and established financial institutions to enable their users to use cryptocurrencies in transactions. Where many projects want to replace the traditional institutions such as banks and fiat by extension, Stellar and Ripple are looking to compliment fiat and these financial institutions using cryptocurrencies.
Stellar Lumens Price Analysis
When the coin was first listed on the market in 2014, it was trading at nearly nothing- $0.002976. It remained around this position for nearly three years and it is only during the market boom of 2017 that it saw price movements. In 2017 the coin began gradually climbing the chart and by the end of the year was trading around $0.33774. This remains one of the most impressive price movements of the year.
Earlier in the year- 2018, the coin hit its all-time high of $0.851652, right before the market began bleeding and coins plummeting. At the time of press, the coin is trading at $0.246588 and although this marks a 4.62% price growth in the last 24 hours, remains miles away from its all-time high.
Stellar (XLM) partners with Pioneer app on its project to support creative outsiders - Stellar News. Saturday, October 20th
Stellar is currently ranked 6th with a market cap of $4,658,889,723.
Looking at the coin’s latest performance, the coin has been recovering exceptionally well following a price fall around September 11 when prices fell as low as $0.18. The recovery from this low saw the coin soar as high as $0.28 just days after the fall.
This recent surge- October 20, now sees it recover from the drop on October 11 and quite possibly establish a higher resistance and support level. One key resistance level that the bulls will be keen to break is $0.25, which they tested and failed on September 27.
XLM/USD Price Chart, Saturday October 20th:
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