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Stellar {XLM} lands amongst top gainers of the day; Ethereum {ETH} and XRP fluctuate

Bitcoin

Stellar is ranked at #10 on coinmarketcap ahead of both Cardano as well as Monero for now. The price surged at a rate of 13.84% in the course of the past 24-hours. The trading volume recorded stands at $538.029 million, while the supply has 20,084,644,343 XLM coins involved in circulation. The total market cap of Stellar is $1.508 billion as of this moment. XLM is priced at $0.075088 in the market.

While many believe this incredible climb to be genuine as a result of new buyers creeping in, some speculate this is a result of a pump. Do note that Stellar was kickstarted under the guidance of Jed McCaleb who incidentally is a Ripple co-founder and still carries out periodic XRP dumps. Jed faced immense ridicule due to his role in the Mt. Gox attack.

A day ago, Ether and XRP were performing rather well. This gave investors and HODLers a ray of hope that has since faded. The digital assets are back in the red zone, as the king coin dipped below the $10,000 mark once again. According to the chart connected to the XLM/USD chart on tradingview, the bulls are currently in control of the altcoin’s pace.

A new resistance point was established a day ago at $0.126. Support can be found close to the $0.05743 level. The daily RSI hit 76.23 a day back as XLM was briefly overbought; it is now at 63.23. The MACD line began soaring way above the signal line on 18th this month. Peaks tied to the Awesome Oscillator ventured north of the zero line as well, with the final two bearing the green shade.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.