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Stellar Price Surges Despite Hard Fork Rumours

Amandeep Sonewane | Nov. 12, 2018
Stellar Price Surges Despite Hard Fork Rumours

November 12, 2018 | AtoZ Markets

Things are looking a bit unwelcoming in the world of cryptocurrencies once again. Weekends are barely known for positive trading momentum, and this time around is not all that different. 

The Stellar price remains on the rise a bit, although the value may struggle a bit to reach $0.30 mark again. The last 7 days coinmarketcap's chart shows the significant rise in the price of the coin. Stellar's market cap is standing at $5.1 Billion, just above EOS coin. 

Stellar Price Momentum Looks Interesting 

It is always challenging to determine where the crypto-market is heading over the weekend. There are some interesting trends that was seen in the past few days, whereas most of the top coins are in a bit of a slump. Stellar remains one notable exception in this regard, as its momentum was bullish.

In the last 2 days, the price of the coin has risen by 4% against USD. That in itself is moderately interesting to keep an eye on, as XLM does some things most other altcoins are not capable of as of right now. Even so, a very low trading volume for Stellar does not necessarily add much confidence. But this uptrend failed to hold on to the position for a long time.

In the social media world, Stellar does not appear to be in talk despite having the uptrend. That is a bit surprising, mainly because cryptocurrencies which rise in price are often quite trendy topics on Twitter. 

There are those who genuinely express the concerns over the Stellar's hard-fork activity that was allegedly created by the Stellar team. The hard fork of Stellar coin has outlined many concerns, although it might not even be a legitimate product in the first place.

Looking at Stellar Activity, many people believe this is a scam. It is clearly possible that is the case, and users are advised to follow the necessary precautions at all times.

Based on the current market circumstances, it would appear the XLM price rise may remain in place throughout most of them today. Considering how the other markets are struggling, speculators might be intent on maintaining this particular trend going for a while. Without sufficient trading volume, however, there will not be any drastic changes for the future.

Think we missed something? Let us know in the comments section below.

Tags Stellar
Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.