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Kryptoin Index Down 2.25% In Early Morning as the Market Has Relative Decline The Kryptoin Index is down 2.25% in early morning trading as the Cryptocurrency Market reflects a relative decline.
Here is today’s 8:30AM EST Kryptoin snapshot:
Stellar Price Slides 10 Percent as Bullish Trend Hits a Snag
The stellar price (XLM) fell by just over 10% today, indicating a recent bullish trend may not sustain itself.
Stellar is currently the sixth-largest cryptocurrency with a market cap of $5.131 billion, right behind EOS. In the last seven days, it has gained 35% in value against the dollar, according to CoinMarketCap. In the recent 24-hour period, however, the stellar price tumbled from $0.308952 to $0.269737.
Source: Coinmarketcap.com
Today’s drop follows a 30% surge to a two-month high (
https://www.ccn.com/stellar-xlm-skyrockets-30-to-reach-2-month-high/) of around $0.31 on July 18, a move was preceded by the announcement that XLM is one of five tokens that industry giant Coinbase is “exploring (
https://www.ccn.com/cryptocurrency-prices-soar-on-news-coinbase-is-exploring-adding-five-new-assets/)” adding to its platform.
Source: Coinmarketcap.com
In the past month, the stellar price rose from 0.308952 on June 24 to 0.313989 on July 19. XLM hit its peak at $0.873623 on Jan. 3 before falling to its June 24 low point, according to CoinMarketCap data.
Read more.
Coleman, L. (2018). Stellar Price Slides 10 Percent as Bullish Trend Hits a Snag. [online] CCN. Available at:
https://www.ccn.com/stellar-price-slides-10-percent-as-bullish-trend-hits-a-snag/ [Accessed 21 Jul. 2018].
https://blog.kryptoin.com/2018/07/21/kryptoin-index-down-2-25-in-early-morning-as-the-market-has-similar-decline/