With last week finally in the back of us, the time has come to look towards the future once again. Right now, the momentum throughout cryptocurrency markets is very effective, even though it remains to be seen how long this period of enjoyment will last. If the Stellar price is any indication, matters are quite solid in the meantime.
Thanks to a nice 20.71% gain during the last four hours, we are now viewing a Stellar price of $0.227 all over again that during itself is a fantastic development, mainly after all the struggles these markets went through the week. People have been waiting to see the market recover. The Stellar rate is doing exactly that, albeit it remains to be seen if this superb momentum can stay in place for some days.
There is also an exciting improvement in the XLM/BTC ratio as of right now. More particularly, Stellar has gained 12.56% on Bitcoin despite the fact that the Bitcoin price is noting some critical gains too. It’s always interesting to see how altcoins appreciate USD and BTC price whilst the Bitcoin price goes up. When Bitcoin goes down, altcoins drop in each USD and BTC fee as well. Very abnormal correlations which best further verify how Bitcoin remains the top canine in all of the cryptocurrency properly now.
With $104.75 million in 24-hour trading volume, matters are looking quite accurate for Stellar right now. While this trading volume isn’t all that excessive, it’s far more than enough to maintain the Stellar rate momentum going, for now. Assuming things stay this way, we may even see the stellar price hit $0.25 later today, even though it is able to require a little higher trading volume to make a push for it.
Binance is dominating the trading volume at the moment, followed by Upbit and Poloniex. What’s extremely good is how we see three Kraken trading pairs in the top eight, which doesn’t manifest that regularly nowadays. Of those three markets, the EUR market is beforehand of the USDT pair, but the BTC pair generates almost as much volume as those mixed. A totally peculiar development, despite the fact that one apparently indicates good things are bound to appear in the markets, do no longer falter all over again.
Whether or not the Stellar fee will stay this advantageous in the coming days and weeks, is a special count. The value of all cryptocurrencies is a problem to quite a few manipulations, and that trend will not relent soon.