Crypto Price Watch: Stellar Lumens, Cardano, NEO, EOS, IOTA Spike Further
The recent price spikes of major cryptocurrencies like Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin seem to be rubbing off on smaller coins like Stellar Lumens, Cardano and NEO. All three currencies sit within the green zone.
Strong maneuvers from major investors are making their way through market exchanges as more and more seek to enter the crypto trading arena and get in on the action as prices continue to spike.
With Bitcoin potentially slated to hit the $9,000 (600h 0m) (600h 0m) mark as early as next week, the bull run we’ve now witnessed over the past week can no longer be dismissed as a fluke.
Stellar Lumens (XLM)XLM is down by roughly $0.01 (0h 1m) (0h 1m) since our last price piece and is trading at the $0.38 (0h 2m) (0h 2m) mark. Analysts had predicted a small price drop, though long-term sentiment suggests an ongoing rise to as high as $0.47 (0h 2m) (0h 2m) within the coming weeks. Stops for the coin are advised to remain tight as overall trends for XLM remain bullish.
In addition, XLM is in partnership with three major financial and/or tech players: IBM, Deloitte, and ICICI Bank. This has, in turn, led to an increased adoption in countries ranging from Canada to India. Stellar is up 5.82% over the past 7 days
Cardano (ADA)Cardano has incurred a series of downtrends over the previous months, though analysts now suggest possible evidence of a forthcoming uptrend. Investors are advised to continuously trail the stops to potentially lock in paper profits as prices move up
Cardano is up $0.02 (0h 1m) (0h 1m) since our previous price article and is currently trading for $0.29 (0h 2m) (0h 2m).
