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Stellar Price Retakes $0.65 as all Markets Show Signs of Recovery

Most cryptocurrency enthusiasts were surprised to see Stellar in the cryptocurrency top 10 ranked by market cap at the end of 2017. A lot of people ignore currencies which won’t net them quick profits or don’t serve their specific cause. Even so, the Stellar price has successfully surpassed $0.50 last year. Fast forward to today, and the Stellar price surpassed $0.65 again. An interesting bounce back after a very difficult week.

Stellar Price Seems to Follow XRP’s Momentum

If there are two digital assets unlike any cryptocurrency existence today, it has to be XRP and XLM. The latter is also known as Stellar Lumens, another asset designed to transform the financial sector into a more modern version. Cryptocurrency speculators have kept a close eye on the Stellar price ever since the value hit $0.10. Over the past few weeks, that value has risen gradually, despite some major market opposition due to Bitcoin’s struggles.

At its peak, the Stellar price went as high as $0.91. Quite a steep value for an asset which was worth less than $0.20 in early December of 2017. The entire ecosystem has seen multiple currencies and assets explode in value over the past few months. Unfortunately, the Stellar price also hinges son how Bitcoin evolves in the price department. Given the world’s leading cryptocurrency’s struggles, it is not surprising to see Stellar drop to $0.44 earlier this week.

Ever since that time, we have seen the Stellar price mount a somewhat strong comeback. Although it has been a bumpy ride these past few days, we now have a Stellar price of $0.65 once again. It is still too early to speak of reaching a new all-time high in the near future, but anything is possible at this stage. It is uncanny how both the Stellar price and XRP price tend to go up at the same time, even though they are two separate projects which share a similar goal.

With just $439.82m in 24-hour trading volume, things are not looking overly impressive for Stellar right now. In fact, this digital asset has noted a volume of over $1bn per day not that long ago. Then again, the cryptocurrency and digital asset markets are still reeling, as a lot of damage has been caused by the media spreading fake information regarding South Korean exchanges. For now, things are slowly heading back in the right direction, but we are not out of the woods just yet.

Binance is the leading trading platform for Stellar volume as of right now. They are nearly $30m ahead of Bittrex, and $54m ahead of Poloniex. It is evident there is no fiat currency market for Stellar in the entire top five right now. The first platform which fiat currency support is Bitcoin Indonesia in sixth place. Considering how Kraken is still down for maintenance, it is only normal Bitcoin becomes Stellar’s main trading pair for now.

Stellar price speculation serves no real purpose with the market sin their current state. All of the gains noted overnight can easily be wiped out in an hour or two. We can only hope to cryptocurrency and digital asset market is finally returning to normal and things stay stable for longer than a few hours. If that is the case, the Stellar price may very well hit $0.75 before the week is over. For now, trading with caution is the best advice anyone can give you.

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Bitcoin Cash Price Rises to $100 And Overtakes Litecoin

When the cryptocurrency markets start to show signs of bearish momentum, there is a good chance things will get pretty interesting. In the case of Bitcoin Cash, the current price momentum seems to favor this altcoin right now. With a value just above $100, the coming days will get pretty interesting moving forward. Sustaining the uptrend will always be difficult, for obvious reasons. Bitcoin Cash Price Retakes the $100 Level It has been a while since the Bitcoin Cash price hit the three-digit range once again. Although that is entirely normal when it comes to the overall bearish trend the year 2018 has seen, it is evident this shouldn’t last too long either. As such, the current rebound is quite interesting to behold. Solid gains across the boardare always entertaining, although the overall trading volume looks rather weak. Over the past 24 hours, there has been a solid 10% increase for Bitcoin Cash’s USD and BTC value alike. This is a rather big increase, especially when considering how Bitcoin and some other top currencies and assets are retracing a bit. This usually doesn’t bode well for the future of altcoins such as Bitcoin Cash, although one never knows how things will evolve exactly. On social media, there aren’t too many active discussions pertaining to Bitcoin Cash right now. There is one peculiar development in the form of Changelly. The trading platform enabled BCHABC deposits and withdrawals following the BCH network upgrade. Why they still label it as BCHABC and not just BCH, is anyone’s guess at this time. It's #BCH. Get professional @Changelly_team. — Shardi-Sadi (@Sadi_Shardi) December 18, 2018 One of the more interesting developments regarding this Bitcoin Cash price bounce is how it tops Litecoin in terms of market cap That situation was a bit different earlier in the week, although both currencies can one-up one another throughout the coming days. The flappening is still fresh in people’s mind and may occur again when traders least expect it. #BCH rebounds heavily, overtakes #LTC in #coinmarketcap . — Torty Cash (@TortyCash) December 18, 2018 Speaking of the flappening, user Pebonacci has confirmed the “backflappening” is now in effect. That may very well be just a proverbial flesh wound, as this person has higher expectations of Charlie Lee compared to Roger Ver. Discussions like these are always interesting to keep an eye on, even though Litecoin seems to have some more clout with some people. After the #flappening we just saw the #backflappening in an exiting turn of events. Who will be the last flapper? @SatoshiLite or @rogerkver My bet is on #ltc#cryptocurrency #litecoin #bitcoin #bch pic.twitter.com/XKn4zsD3Rv — Plebonacci (@plebonacci) December 18, 2018 While retaking the $100 level is pretty promising for Bitcoin Cash, sustaining any sort of growth has been rather probematic for this altcoin throughout most of 2018. As such, it is not unlikely this price level will not be sustained for the foreseeable future, albeit one never knows how the markets evolve. This year has been rather unpredictable in many different ways and there are still two weeks left. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Bitcoin Cash Price Rises to $100 And Overtakes Litecoin appeared first on NullTX.

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