Stellar taps $ 0.65

Most cryptocurrency enthusiasts were surprised to see Stellar in the top 10 crypto-currencies, ranked by market capitalization at the end of 2017. Many people are unaware of the currencies that will not yield them quick profits or will not serve not their specific cause. Even so, the Stellar price has successfully surpassed $ 0.50 last year. Today, and Stellar's price has still exceeded $ 0.65. An interesting rebound after a very difficult week.

If there are two digital assets today that are not compatible with cryptocurrency, they must 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 been keeping a close eye on the price of Stellar since the value reached $ 0.10. In recent weeks, this value has increased gradually, despite significant market opposition due to Bitcoin struggles.

At its peak, the price reached $ 0.91. Fairly high value for an asset that was worth less than $ 0.20 at the beginning of December 2017. The entire ecosystem has seen several currencies and assets explode in value in recent months. Unfortunately, Stellar's price also depends on how Bitcoin evolves. Given the state of the global cryptocurrency, it's not surprising to see Stellar fall to $ 0.44 earlier this week.

Since then, we have seen the price of Stellar go up a little stronger. Although it has been a bumpy trip in recent days, we now have a price of $ 0.65 once again. It is still too early to talk about reaching a new historic high in the near future, but anything is possible at this stage. It is strange that Stellar and XRP prices tend to increase at the same time, even if they are two separate projects that share a similar goal.

With only $ 439.82 million in 24-hour trading volume, things do not look too impressive for Stellar right now. In fact, this digital asset has recorded a volume of more than $ 1 billion a day not so long ago. Here again, the markets for cryptocurrency and digital assets are still in shock, as much damage has been caused by the media spreading false information about South Korean trade. For now, things are slowly moving in the right direction, but we are not out of the wood yet.

Binance is the leading trading platform for Stellar right now. They have nearly $ 30 million ahead of Bittrex and $ 54 million ahead of Poloniex. It is obvious that there is no fiat currency market for Stellar in the top five right now. The first platform that supports fiat currency is Bitcoin Indonesia in sixth place. Considering that Kraken is still down for maintenance, it is normal for Bitcoin to become Stellar's main trading pair for the moment.

All overnight earnings can easily be wiped out in an hour or two. We can only hope that cryptocurrency and the digital asset market will return to normal and that things will remain stable for more than a few hours. If this is the case, Stellar's price could very well reach $ 0.75 before the end of the week. For now, trading with caution is the best advice we can give you.