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Stellar Price: Massive Gains Continue Despite low Trading Volume

It has become very apparent how all cryptocurrencies will continue to benefit from this positive momentum all day long. With no initial dip in sight, the current momentum is very bullish. If the Stellar price trend is any indication, the coming hours will be very crucial. A 26.46% gain can’t be sustained indefinitely, but there is no sign of slowing down.

Stellar Price Rocket Remains Operational

One has to wonder where all the positive cryptocurrency momentum is coming from as of right now. It is an entirely unexpected turn of events, although there has been a genuine feeling Bitcoin might turn bullish later in 2018. So far, it seems that prediction holds up, as the current bull trend remains in place without any major setbacks.

This trend has not just affected the value of Bitcoin and Ethereum. By far the biggest “gainer” in the top 15 is Stellar. Although this trend has formed some time ago, the Stellar price continues to shoot upward. The past 24 hours alone has resulted in a 26.46% Stellar price increase. It is not unheard of, although sustainability will always remain a big question.

The current Stellar price trend is also aided by major XLM/BTC ratio increases. Unlike Ethereum, which loses ground to Bitcoin, Stellar is surging ahead. A 13.86% increase in favor of the altcoin over the past 24 hours result in extremely positive overall momentum. If this trend keeps up, the Stellar price should surpass $0.3 later today.

Despite all cryptocurrencies benefiting from a heavily increased trading volume, Stellar’s trading volume hasn’t changed all that much. Although $109.136m in 24-hour trades is not all that bad, it is not necessarily enough volume to sustain this current Stellar price trend for much longer. One would expect people to flock to XLM all of a sudden, but that is not happening just yet.

Binance is still leading the charge in terms of XLM trading volume. Its BTC and USDT pairs are in the top two, followed by Upbit’s KRW market. BCEX inched its way to fourth place with a CKUSD pair, followed by CoinEgg’s BTC pair. Kraken is also making some waves in the top ten, which is rather unusual for this exchange. This seems to indicate there is a lot of fresh capital entering the market as of right now.

Sustaining the current Stellar price trend will prove to be extremely difficult. Despite the positive momentum, there simply isn’t enough trading volume to keep the momentum going as of right now. At the same time, stranger things have happened in the world of cryptocurrency and digital assets. As long as the Bitcoin price remains in the green, altcoins and digital assets will see some positive momentum for the foreseeable future.

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Crypto markets are showing mercy on us this weekend. Bitcoin, XRP and Ethereum price is in the green today, up 1.11%, 1.10% and 2.81% respectively. In other good news, it looks like Litecoin and BitcoinSV are showing some bullish momentum, both cryptocurrencies are up 8% in the past 24 hours. 2018 has been a rough year for cryptocurrency. The worst part of it was the past 3 months where the market “baited” traders with a 3 month long sideways market only to add insult to injury and break down even further. Many have tried to call the bottom – and many are still trying – but the truth of the matter is crypto markets are unpredictable and nobody knows what the future will bring. In my opinion, the best thing to do during times like these is to take it day by day and appreciate any bullish momentum, no matter how small. While cryptocurrency markets usually don’t move much over the weekend, today things aren’t looking too bad. CryptoBull from twitter believes that regardless of how Bitcoin will perform, most likely we are about to see alt season soon. One can only be hopeful that his prediction will materialize. The three most likely scenarios now imo: 1. Bitcoin bounces, altseason starts.2. Bitcoin stays flat, altseason starts.3. Bitcoin drops further, altseason starts. — Crypto฿ull (@CryptoBull) December 13, 2018 Upcoming Ethereum Developments It is worth noting that Ethereum is working on implementing something called ProgPow. In short, it is a new mining algorithm tailored for GPU miners. With Constantinople around the corner, the block reward will drop. As a result, Ethereum developers are looking to eliminate ASICs in order to bring some of the profits back to regular users with GPU mining rigs. Whether ProgPow will actually be implemented is still a debate on its own. Litecoin Lightning Network Part of the reason why Litecoin’s price may be surging higher than other cryptocurrencies is because the first Litecoin Lightning node was launched 2 days ago. CoinGate – a cryptocurrency exchange – announced on December 13th that their Litecoin Lightning Node is ready to be deployed. @litecoin community, we bear some exciting news! Our #Litecoin #LightningNetwork is ready to be deployed and will soon be live on CoinGate! Keep up with the news as we’re getting closer! Here’s a little sneak peek @LTCFoundation @SatoshiLite @starkness! pic.twitter.com/QahcnFlYc5 — CoinGate (@CoinGatecom) December 13, 2018 What does the future hold? While some traders remain optimistic about the future of crytpocurrency markets, other are becoming skeptical. Now that the ICO model is dead, scaling solutions are a nightmare nobody cares about, and the markets are dipping to new lows every single day many are wondering, is this the end of crypto? Will the market rebound any time soon? Will we see Bitcoin at $10,000 again in 2019? The truth of the matter is, no “expert” can predict the future. We can look at technical indicators, past market action, various developments in the crypto space, and draw our own conclusions from these facts. I am forever bullish on cryptocurrency. Personally, I believe that we will see another crypto boom when “killer apps” that use cryptocurrency will make it to the mainstream. Right now, to the outsider cryptocurrency seems like a big ponzi scheme. There aren’t that many use cases, even for Bitcoin. Yes, you can use Bitcoin to purchase various products online, you can trade it, and you can hold it. But as of right now there aren’t that many innovative apps with thousands of users that are really showcasing the power of blockchain. The few “killer apps” that come to mind are: Zombie Battleground, Steemit, DuckDice, OpenBazaar and Purse.IO. These apps truly showcase the beauty and usefulness Blockchain technology and even they don’t have that many users. Until we can get the average joe to start using apps that are built using blockchain tech, the crypto space will remain a circlejerk. Don’t get me wrong, cryptocurrency is already extremely valuable by default – which is why the total market cap is at over $100 billion. However, if we want to reach the trillions we need more use cases. 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, XRP, Ethereum Price in the Green. Litecoin and BitcoinSV Leading With 8% Gains appeared first on NullTX.

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