Stellar XLM Soars Following Coinbase Affirmation Over Interest On XLM Listing. Sunday, December 9
Stellar XLM Soars Following Coinbase Affirmation Over Interest On XLM Listing
The weekend has been hugely successful for bulls and crypto holders as the market attempts a recovery. As the weekend comes to an end, the mood is still bullish and most major coins are extending their gains. The recovery has seen bitcoin get back above $3,500 and this impressive recovery has pulled up altcoins. In the last 24 hours, most cryptocurrencies have soared by 2% to 10%.
The same bullish momentum is expected to extend as we begin the week and this could see coins set a higher resistance and support level.
Stellar XLM has also been moving up for the past 48 hours. At the time of press, Stellar is up by 4% and is trading slightly over $0.12. With a market cap of over $2.3 billion, Stellar is still ranked fourth in the market after overtaking Bitcoin Cash a couple of weeks ago. Although the coin is still a long way from overtaking Ethereum which has a market cap of over $9 billion, Stellar is still making progress and hoping to one day be a worthy competitor.
The bulls behind Stellar’s recent success have had a huge boost from Coinbase. After previously showing interest in listing Stellar on its platform, the crypto exchange has announced it is evaluating 31 new coins to list on the platform.
Among the coins going through examination by the exchange was Stellar. It now feels like Coinbase is closing down on listing Stellar an announcement that is being anxiously awaited by the holders.
Although the year has been fairly bearish for Stellar, should Coinbase succeed in listing it, we could see Stellar dramatically soar. This has previously been the case for BAT and Zcash after they were listed on the exchange an effect which has been termed “Coinbase effect”.
For now, we wait to see how far the coin rides on the hype that it could soon be an option on the exchange.
Legal Disclaimer: Please remember that trading, buying or any other type of investing in cryptocurrencies should be consider risky and may lead to the loss of all of the invested money. For further information visit Terms and Conditions section on TokenTops. We do not encourage our readers to any kind of financial decisions. Neither jury.online nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from jury.online. We believe that everyone should make their own and in depth research on the particular topic in various sources before making any financial decision and this person should be the only one responsible for the outcome. Our writers do their best to remain unbiased and don't actively support any project. The research is done with various sources, the predictions are based on own believes, analytical skills, experts and community discussions and is intended to convey general information only.
You may also like
XRP Leads Market Recovery, Surges By 11% And Leaves Ethereum ETH In The Wind
Can EOS Stay Up And Maintain The Fourth Position Ranking?
Dogecoin Drops Below Range, Is It Still Worth Holding In 2019?
Stellar XLM Drops By 10% Recording New Year Low As The Market Wipes Out Over $6 Billion
IOTA’s Slowdown Sees It Slip Behind In Ranking
XRP Market Cap Could Be Overvalued By $6 Billion
You need to login to create comments.