The crypto market recently witnessed the come back of the world’s number one cryptocurrency, Bitcoin. With its market value approaching the 10,000 US dollar mark, the latest price rally pushes the virtual currency near its highest level in more than a year, according to the information we gathered from the data provided by CoinMarketCap.
At the time of writing, even after going down by 2% today, a single Bitcoin is still exchanging hands above $9000 mark, after recording a December low at about 3,194 US dollars. Bitcoin’s current market price is its loftiest level since 29th March 2018 when Bitcoin traded above the 9,700 US dollar mark.
Also, for the June delivery, Bitcoin exchanged on CME Group’s future exchange at about 9,265 US dollars on the day, recording a 153 percent price surge for Bitcoin futures since the beginning of the year to date.
Stellar Lumens (XLM)
Unfortunately for Stellar Lumen token holders, the digital coin is not moving at a considerable pace as it continues to record sideways trends despite the optimism that surrounds the digital asset. Investors and holders of Stellar (XLM) remain optimistic that the second half of this year will turn fortunes for the coin and bring new trends. Although the Stellar platform has the support of IBM, the digital asset is yet to start showing positive effects as yet.
For Stellar (XLM) to gain momentum and to rapidly appreciate, it has to discover the missing link. At the moment, the crypto market performance continues with the troubling trend with negligible movements.
At the time of writing, Stellar (XLM) is trading at 0.12243 US dollars, marking a 3.75% decline from its earlier market price. On 16th June, Stellar was exchanging at 0.13 US dollars, an 8 percent appreciation in price in the previous five days from 0.12 to 0.13 US dollars. However, the overall performance of the digital asset has not recorded much change as it has been recording price movements that are of that range. The trend currently is reddish.
Unlike a majority of other cryptocurrencies in the market, Tron TRX has managed to maintain a steady growth movement but at a slow pace that many investors and holders did not expect. Investors are now growing restless for the digital asset to perform better and fetch better prices.
In the last five days, Tron TRX has managed to record positive trends of over 10 percent rising from 0.029 US dollars to its current value of about 0.032 US dollars.
Many analysts are hoping for a stronger and faster price surge to occur in the coming months that might see the digital asset ending the year with a price value of about 0.05 US dollars. Despite the prediction of not being able to be confirmed, Tron is an excellent long-term investment that promises good returns.
On the early hours of Sunday, the prices of Litecoin fell by about 1.05 percent partially reversing the 4.4 percent gain that was witnessed on Saturday ending the week up by 19.3 percent at 137 US dollars.
A relatively irregular day saw Litecoin rising to a mid-morning intraday high of about 139 US dollars before hitting the reverse gear. On Sunday, Litecoin fell short of the first significant resistance level of 141.38 US dollars falling to a mid-morning intraday low of about 133 US dollars.
What followed the mid-morning intraday low was an irregular afternoon that saw Litecoin falling back at the 134 US dollar level before finding support to minimize the deficit on the day.
At present, Litecoin is exchanging hands at about 132.76 US dollars after a 1.19% decline in the last 24-hours. At the early hours of the day, Litecoin was witnessing a fluctuating start to the day that saw the digital asset falling from a morning high of 137.4 US dollars to a low of 134.99 US dollar level before finding support.
Following Litecoin’s current price of $132.76 and its failure to pass through the 136.5 US dollar mark, Litecoin could further fetch low prices that are sure to have both positive and negative reactions in the crypto market.
At the time of writing, Cardano is exchanging at 0.0923 US dollars with the upside limited at 0.094 US dollars. The 11th biggest cryptocurrency stands in the red by 2.76% over the last 24-hours.
Crypto experts are hopeful that the digital coin is going to fetch better prices in the coming days following IOHK announcement of the partnership that has already been signed between Cardano and the county of Georgia.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.