Market Analysis

Stellar Lumens [XLM] hikes again by 4% to round off weekly growth of 17%

from Amb Crypto 5 years ago 0 0 646

Stellar Lumens [XLM] has been surprising its HODLers with impromptu price hikes over the last week. It has seen yet another one, as the price spiked up by 4.3% in just the last 24 hours, bringing its market cap to a whopping $4.6 billion. The coin is also exhibiting a growth of 17% over the week, one of the best performing coins as the market moves sideways.

It started off the week at around the $0.21 mark, before seeing a sharp spike to $0.229 on 15th October. While the coin quickly corrected down to the $0.220 mark soon after the pump, it began a gradual upward movement over the next few days.

From 16th to 18th October, the coin saw its price testing and breaking the $0.240 limit before coming to rest at $0.244 on 18th October. However, it dropped down to $0.232 on the same day, demonstrating resilience to the market movement as it hiked up to the $0.24 mark on the same day.

During the late hours of trading on 19th October, the coin broke the $0.24 resistance before finding it again as a support on the very next day. However, in the morning of 20th October, it pushed past $0.245 to trade at the $0.246 mark.

This has left it to trade at the 6th position by overall market capitalization.

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