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Stellar’s Surprise Surge: Will Short Squeezes Propel XLM Higher?

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Santiment, a prominent cryptocurrency analytics platform, highlighted Stellar (XLM) as the standout asset to watch in the new week due to its potential for a mini breakout. As of today, XLM has surged by an impressive 8%, catching the attention of traders and investors.

Stellar (XLM) has attracted consistent shorting activity among traders in the crypto community, indicating their belief in a potential price­ decline. This creates a situation where short squee­zes and liquidations may occur, leading to a rapid increase­ in XLM’s value.

Santiment’s twe­et also suggest closely monitoring a few other assets: $TON, $XMR (Monero), and $ARB. These cryptocurrencies might also show significant price­ movements in the coming days, which could make­ them appealing options for traders looking for opportunities in the volatile cryptocurrency marke­t.

Stellar (XLM) Recent Performance & Price Volatility

According to the latest data from CoinMarketCap, Stellar (XLM) is trading at $0.122584, boasting a remarkable 24-hour trading volume of $167,967,503. This impressive trading volume indicates a staggering 120% increase in market activity, reflecting growing interest in the asset.

CoinMarketcap

In the past 24 hours, Ste­llar witnessed a significant increase­ in price, amounting to 5.70%. Additionally, over the span of a week, it displayed a rise of 3%. Curre­ntly ranked 22nd on CoinMarketCap, Stellar boasts a marke­t capitalization of $3 billion. Moreover, it has an impressive­ circulating supply of 27,464,247,989 XLM coins and a maximum supply of 50,001,806,812 XLM coins.

Regarding market sentiment, technical indicators suggest a neutral outlook, while the Fear & Greed Index stands at 40, indicating a state of fear among investors. Stellar’s recent performance includes 13 out of 30 (43%) green days, with a price volatility of 7.22% over the last 30 days.

The general sentiment in the Stellar price prediction landscape is neutral, with 20 technical analysis indicators signaling bullish and 10 signaling bearish signals.

Looking ahead, according to CoinCodex, Stellar’s 200-day Simple Moving Average (SMA) is expected to rise in the next month, reaching approximately $0.108896 by October 3, 2023. 

Additionally, the short-term 50-day SMA is estimated to reach $0.122491 by the same date. However, the cryptocurrency market continues to offer exciting opportunities as traders and investors gear up for the week ahead. At the same time, those assets mentioned by Santiment are certainly ones to keep an eye on for potential price volatility and breakout potential.

Related Reading | India’s NPCI Seek Blockchain Expertise in Revolutionizing Payment Systems

Polygon (MATIC) On Rise, Almost 10% Weekly Gain: Here’s Why

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Polygon (MATIC) has captured the market’s attention, as its value has soared by approximately 10% over the past seven days. This meteoric ascent has set the industry abuzz, leaving investors and enthusiasts eagerly awaiting further developments.

Today, the coin reached a daily high at an impressive $0.75, solidifying its position. The latest data from CoinMarketCap shows it is presently trading at $0.7388. Although this reflects a slight increase of approximately 0.05% within the daily chart timeframe, it nonetheless demonstrates the coin’s resilience and potential for further growth.

Source: CoinMarketcap

While the surge in price appears promising, it is crucial to note a significant development in the trading volume over the past 24 hours. Alas, there has been a notable decline of about 40.29% in trading volume, raising questions about the sustainability of the upward trajectory. 

According to current Polygon price predictions, on July 12, 2023, most technical analysis indicators showed bullish signals, while others indicated bearish signals, reflecting a general bearish sentiment, with the Fear & Greed Index at 15.90, indicating extreme fear. 

MATIC has seen a 15.26% increase in the last 30 days, and a slight recovery is expected in the coming month. By the end of July, it is projected to rise by 116.53% to reach around $1.60. Polygon currently trades below the 200-day simple moving average, indicating a selling signal. 

Source: digitalcoinprice.com

Further analysis shows that the 50-day SMA also indicates a sell signal, and the 200-day SMA is expected to decline, resulting in a price of $0.98 by December. The short-term 50-day SMA for December 2023 and 2024 shows $0.73. The Relative Strength Index (RSI) is currently at RSIValue, suggesting a neutral position in the MATIC market.

Polygon (MATIC) Price Driving Factor

MATIC price has experienced a surge following an exciting announcement by Allbridge_io. The platform has introduced a cross-chain bridge, unlocking interoperability between Stellar, Ethereum, Solana, Celo, and Polygon for seamless asset transfers. 

This development marks a significant milestone for the Stellar ecosystem, showcasing its utility and potential within the decentralized finance (DeFi) landscape.

Allbridge, a trusted bridge infrastructure provider, specializes in building reliable bridges for value transfers and has already facilitated the transfer of over 6.4 billion digital assets across various blockchains. 

The new cross-chain bridge to the Stellar network will allow users to leverage assets across multiple blockchain networks securely and efficiently. The integration of this new bridge on Stellar was made possible through the collaboration of Ultra Stellar, a key player in the Stellar ecosystem. 

Related Reading | Ethereum Transaction Costs Plummet, A Potential Boost For ETH Price Recovery

Cardano (ADA) and Stellar (XLM) Compete for Top Spot, Collateral Network (COLT) Continues to Impress With 40% Rally

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As more tokens emerge from the lows of last year, Cardano (ADA) and Stellar (XLM) have been performing very well. Both tokens seem to be competing for the top spot in the cryptocurrency market. 

Meanwhile, Collateral Network (COLT) is giving investors the most returns while still in presale. Collateral Network (COLT), a decentralized peer-to-peer lending platform, is currently selling for $0.014 in presale and analysts predict the price to rise by 3500% during the presale. 

>>BUY COLT TOKENS NOW<<

Cardano (ADA)

Cardano (ADA) has been doing well lately. In fact, Cardano (ADA) is currently fighting for the top spot against Stellar (XLM) as the best performing token in the last few weeks. 

One of the reasons for the outstanding performance of Cardano (ADA) is its utility. Cardano (ADA) is a solid platform with great promise for the future. In the last week, the token has made significant gains of 2.94%. 

At the time of writing, Cardano (ADA) is trading at $0.41, which is a 3.11% gain in the last 24 hours. Its 24-hour trading volume stands at $353,385,141. 

Keep in mind that Cardano (ADA) has a market valuation of over $13 billion. It is also worth noting that the Total Locked Value of Cardano (ADA) has risen to over $420.2 million, which makes it a stable investment.

Cardano (ADA) has also integrated with Paima Studios which means that Cardano (ADA) users no longer need bridging tokens outside the platform to play on-chain games. 

The integration will ensure that Cardano (ADA) users still have control over their tokens when participating in other blockchain activities.

Stellar (XLM)

Stellar (XLM) is another token that has been seeing a positive trend lately. Stellar’s (XLM) trading volume has increased to a yearly high which is a good indication of strong investor confidence. 

Notably, the price of Stellar (XLM) has broken above several major resistance levels against other tokens including BTC and ETH. A quick look at the charts will show you that Stellar (XLM) is gaining momentum as we enter the second quarter of 2023. 

Stellar (XLM) is also gaining over other popular cryptocurrencies. In fact, Stellar (XLM) has recovered 15% from the previous low against XRP. This is because investors are beginning to see the value of Stellar (XLM) based on its strong performance. 

In the last week, the trading volume of Stellar (XLM) has increased more than fourfold to over $202.98 million from $50.9 million. At the time of writing, Stellar (XLM) is trading at $0.11 with a 24-hour trading volume of over $38.88 million. Crypto investors are seeing great potential for Stellar (XLM) to skyrocket this year. 

>>BUY COLT TOKENS NOW<<

Collateral Network (COLT)

Collateral Network (COLT) is a one-of-a-kind peer-to-peer crowdlending platform that is threatening to disrupt the traditional lending industry with a better and more secure blockchain-based solution. 

Collateral Network (COLT) is the first blockchain-based lending platform to enable anyone to borrow funds simply by putting up collateral assets such as pieces of art, jewelry, rare gemstones, watches, luxury cars, and even fine wine. You can borrow funds against your assets from Collateral Network (COLT) regardless of where you live. 

Collateral Network (COLT) allows users to unlock capital by minting fractionalized NFTs that represent their assets which are then used to borrow funds from multiple lenders. The NFTs minted on the Collateral Network (COLT) platform are backed 1:1 against the physical asset. For lenders, Collateral Network (COLT) offers fair terms and fixed interest rates, repaid weekly. 

COLT tokens have seen immense attention due to the benefits they confer to holders, like staking, governance rights, discounts, and access to exclusive  VIP groups.

Collateral Network (COLT) is currently in the presale stage which is already attracting a huge number of investors, as COLT has already surged  by 40% from $0.01 to $0.014. Experts anticipate the price of Collateral Network (COLT) to increase by 3500% by the end of the presale phase. 

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Presale: https://app.collateralnetwork.io/register 

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

Stellar (XLM) and Cardano (ADA) Remain In The Green, Experts Expect Collateral Network (COLT) To Receive A Large Growth Projection

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This week, Stellar (XLM) and Cardano (ADA) are in the spotlight as some of the main gainers on the market. Investors and experts are now keeping an eye on a new presale, Collateral Network (COLT), as it gains popularity. Read on to find out about its growth projection and why it’s gaining momentum. 

>>BUY COLT TOKENS NOW<<

Stellar’s (XLM) Adoption In Brazil Bodes Well For Investors

Stellar (XLM) has performed well in the first days of April, most likely thanks to the Central Bank of Brazil which has announced that it’s testing its own digital currency on Stellar’s blockchain. This could translate into greater Stellar (XLM) adoption, which could lead to increased value. 

In addition to this, Pendulum has also announced that it will connect Polkadot to Stellar’s blockchain, which has pushed Stellar’s (XLM) price further. This is thanks to the fact that additional partnerships can lead Stellar to new highs. 

Cardano (ADA) Records Increasing Activity

Cardano’s price has also been in the green lately thanks to good news. Development activity on the Cardano network is on the rise, and Cardano’s team has recently announced Hydra, a new Cardano-based solution that should increase speed and decrease costs for developers. 

Thanks to the continuous development regarding the DeFi space, Cardano’s ADA is expected to grow multiple times this year. Although it’s a relatively new project, Cardano (ADA) has quickly become popular among developers thanks to its scalability, security, and sustainability. 

>>BUY COLT TOKENS NOW<<

Collateral Network’s (COLT) Growth Projection

Collateral Network (COLT) is a breakthrough project in the crypto market. This is the first decentralized platform where you can lend and borrow using blockchain technology and bypass the traditional banking system. 

Essentially, the platform mints fractionalized NFTs that are backed by physical assets, then the NFTs fund the loans for borrowers. The assets that can be used for lending and borrowing are those that are typically illiquid and can’t be used for loans in the traditional way, such as vintage cars, artwork, jewelry and watches, and collectibles.

Lenders get to generate passive income in the form of fixed interest, while borrowers have access to quick cash without affecting their credit rating. The platform also addresses default risk – if the borrowers do not pay back the loan, the asset behind the NFT is removed from Collateral Network’s vault and sold in an auction. 

In times of economic uncertainty, rising interest rates, and inflation, Collateral Network’s system offers a viable solution for individuals that possess rare assets and allows them to generate passive income from assets in their household. Borrowers, on the other hand, can obtain quick cash without all the hassles of the banking system. 

Collateral Network functions with the native token, COLT, which is currently in its presale stage and is sold at a discount. The token was initially priced at only $0.01, but each new presale stage will begin with a value increase. 

Early investors can access many perks, including bonuses, governance rights, staking rewards, and more. Thanks to all of its real-world benefits, experts expect Collateral Network to grow more than 100 times in the next few months. 

Summary 

Stellar (XLM) and Cardano (ADA) are enjoying price increases thanks to increased adoption, mainly due to their activity in the DeFi space. According to experts, Collateral Network (COLT) is set to explode during its presale thanks to its innovative technology and use cases. 

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Presale: https://app.collateralnetwork.io/register 

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

Stellar (XLM) And Fantom (FTM) Prices Struggle, Collateral Network (COLT) Presale Set For 35x Gains

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Investors in large numbers are rallying behind the presale of Collateral Network (COLT). They are convinced that Collateral Network (COLT) will give a 35x return on investments during its presale. 

On the other hand, Stellar (XLM) and Fantom (FTM) have been trying to keep bears away from their doors but to no avail.

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Stellar’s (XLM) Presence Increases In Brazil

Stellar (XLM) is a P2P decentralized protocol that allows borderless asset transfer. Stellar (XLM) has received financial support from many big companies such as Google and Stripe. 

Stellar’s (XLM) primary objective is to connect centralized networks, such as banks, with decentralized blockchains. Recently, the Brazilian Central Bank launched a pilot test of its digital currency on the Stellar (XLM) blockchain. 

This shows the growing acceptance of Stellar (XLM). Currently, Stellar (XLM) is ranked 30th by market capitalization. The price of Stellar (XLM) has fallen by 8% in the last seven days. 

On the monthly chart, Stellar (XLM) has tumbled by 11%. Consequently, Stellar (XLM) currently trades at $0.0798, which is 91% below its all-time high of $0.94.

>>BUY COLT TOKENS NOW<<

Fantom (FTM) Struggles To Overcome Bears

Fantom (FTM) is a blockchain-powered project aiming to provide a fast, scalable, and secure infrastructure for decentralized applications (dApps) and smart contracts. 

Fantom (FTM) has made a big name for itself due to its high throughput capacity. Fantom (FTM) boasts fast confirmation times, making it a better option for applications requiring quick and efficient processing. 

However, Fantom (FTM) has been going through a bearish phase for a long time. The price of Fantom (FTM) has fallen by 21% in the last 30 days. 

Besides, Fantom’s (FTM) value has declined by 16% in the past week. The current trading price of Fantom (FTM) is $0.37, which is 89.36% below its all-time high of $3.48.

Collateral Network’s (COLT) Presale Is Pegged To Unparalleled Success

Collateral Network (COLT) connects borrowers and investors from across the globe. Collateral Network (COLT) allows its users to unlock liquidity from their physical assets by minting them as fractionalized NFTs.

Assets like luxury cars, real estate, vintage wines and watches can now be used as collateral by borrowers on COLT, enabling them to access liquidity much faster than ever before. By minting them as fractional NFTs, multiple lenders can fund the loan via the NFTs, earning a fixed rate of interest and enabling a truly decentralized peer-to-peer  system.

The ecosystem of Collateral Network (COLT) comprises various unique utilities, and COLT tokens, the native cryptocurrency of Collateral Network (COLT), will run the entire ecosystem that boasts institutional-level liquidity. By holding COLT tokens, users can enjoy features like staking, governance rights, discounts on fees, and even access an exclusive VIP group, where members can participate in auctions for distressed assets.

The presale of Collateral Network (COLT) has begun at $0.01. The network is projected to grow by 3500% during the presale round as it reaches exchange listings, so one thing is for certain: Don’t miss out on the incredible potential of this token.

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Presale: https://app.collateralnetwork.io/register 

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk 

Huobi Token (HT) Price Prediction: Stellar (XLM) and Orbeon Protocol (ORBN) Set To Dominate In 2023

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Get ready to witness a surge in the cryptocurrency market in 2023, as Stellar (XLM) and Orbeon Protocol (ORBN) are poised to drive the growth, and also learn about Huobi Token’s (HT) price prediction.

>>BUY ORBEON TOKENS HERE<<

Huobi Token (HT) price prediction

The technical analysis of Huobi Token (HT) predicts that in 2023, the price will have a minimum of $7.62, and a maximum of $8.87 with an average of $7.84.

The cryptocurrency experts are ready to announce their Huobi Token (HT) price outlook for March 2023 with an average forecasted value of $6.01. The price history based analysis of Huobi Token (HT) brings a prediction of an average price of $6.19 in April 2023.

The value of Huobi Token (HT) could increase to $6.79 in May 2023, with a low of $6.28 and a high of $7.04 expected in June 2023. In July 2023, the minimum Huobi Token (HT) price may fall to $6.36 and the peak could reach $7.30. August 2023 may experience an average prediction of nearly $6.90.

The Huobi Token (HT) price is predicted to fluctuate between $6.89 and $7.98 in September 2023, according to crypto analysts. In October 2023, market experts expect a minimum of $7.11 and a maximum of $8.26. For November 2023, a high of $8.56 and a low of $7.47 is expected, and the average Huobi Token (HT) rate for December 2023 is predicted to be $7.84 based on previous market trends.

>>BUY ORBEON TOKENS HERE<<

2023 is likely to see Stellar (XLM) rise to the top

The Stellar (XLM) network was created to provide quick transfers of financial resources at an economical cost through a P2P decentralised system. Stellar (XLM) bridges the gap between individuals, banks and payment processors, and offers the ability to trade various forms of cryptocurrency.

Stellar (XLM) Lumens has introduced the Stellar (XLM) Asset Sandbox, as made known in a tweet from its official Twitter handle. The Sandbox (SAND) provides a platform for users to generate, mint or eliminate assets on the Stellar (XLM) testnet without any coding background.

The current Stellar (XLM) price is $0.08615 with a $60 million 24-hour trading volume. In the past 24 hours, Stellar (XLM) has decreased.

>>BUY ORBEON TOKENS HERE<<

Orbeon Protocol (ORBN) is drawing in a larger pool of investors with its enticing features

Orbeon Protocol (ORBN) boasts a limited token supply of 888 million, with only 53% made available to the general public through various presale phases. The liquidity for Orbeon Protocol (ORBN) tokens is set to remain frozen for a decade, with team tokens scheduled for release only after the 13th month, with subsequent releases every four months.

The Orbeon Protocol (ORBN) token is currently in its eighth presale stage, priced at $0.0766 per token. Observing its upward trend in price, market analysts predict that by the end of the presale phase, Orbeon Protocol (ORBN) is expected to reach $0.24.

Orbeon Protocol (ORBN) provides a solution for entrepreneurs needing funding through the issuance of fractionalized, equity-backed NFTs. Orbeon Protocol (ORBN) implements the “Fill or Kill” strategy, which automatically returns funds to investors if a fundraising round falls short of its target. This mechanism is integrated into the Orbeon Protocol (ORBN) smart contract, offering investors peace of mind knowing their funds will be returned in the case of an unsuccessful fundraising effort.

Find Out More About The Orbeon Protocol Presale

Website: https://orbeonprotocol.com/Presale: https://presale.orbeonprotocol.com/register

Ripple Rival Stellar To Shape Digital Asset Regulation As a Member Of CFTC’s Advisory Committee

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The prominent rival of Ripple, the Stellar Development Foundation (SDF), is set to play a key role in shaping the regulatory landscape of digital assets in the United States. The blockchain organization has been selected as a member of an advisory committee to the U.S. CFTC. 

As per the SDF blog post, recently, the Commodity Futures Trading Commission (CFTC) has taken a significant step toward regulating digital asset markets by relaunching its Global Market Advisory Committee (GMAC). 

The inclusion of digital asset markets in the GMAC’s priorities highlights the growing significance of blockchain and crypto in the future of U.S. markets. Among the four crypto-focused organizations appointed to the Committee, Ripple’s rival, Stellar Development Foundation, stands out as the only representative of the blockchain industry. 

According to the statement:

Our inclusion in the Committee marks another important moment for blockchain. It further acknowledges that the future of U.S. markets and our industry are connected. It also underscores the CFTC’s commitment to building a diverse consortium representing more than just traditional finance players.

SDF highlighted that being part of the Committee is a chance for them to be involved in discussions that shape future regulations and guidelines. They believe that well-defined regulations and policies can lead to growth in their sector, and it is important for them to be present when decisions are made by policymakers and regulators to achieve this.

Ripple Rival’s Stellar Plans For Unique Perspective Of Layer 1 Protocols 

According to the blog post, as the only blockchain represented on the Committee, SDF aims to bring a unique perspective on Layer 1 protocols and their role as the underlying infrastructure supporting promising applications of blockchain technology. 

Additionally, as part of the Committee, SDF will also focus on the use of stablecoins in digital asset markets and real-world scenarios, including utilizing stablecoins for humanitarian aid through Stellar Aid Assist. 

SDF is also eager to collaborate with traditional finance players on the Committee, as they believe that blockchain’s future lies in working with and building upon existing systems rather than replacing them. 

Additionally, it requires interoperability between blockchain and traditional finance to ensure seamless integration and competitiveness in U.S. markets. The blog post stated that the Committee serves as a valuable platform for conventional finance and blockchain to explore potential partnerships and opportunities for integration.

Related Reading | Bitcoin Mining In New Hampshire: Chris Sununu Weighs In With Final Report

MoneyGram Strikes Partnership With Stellar to Launch a Stablecoin Remittance Service

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MoneyGram International, one of the world’s leading cross-border transfer businesses, has teamed up with the Stellar blockchain to develop a stablecoin-based money transfer platform. Users of Stellar wallets will be able to send Circle’s USD Coin (USDC) to receivers who will be able to utilize the MoneyGram network to cash them out for their native fiat currency.

“We’re trying to be a bridge from the crypto world to the fiat world.”

MoneyGram CEO Alex Holmes said in an interview.

It is also in talks with third-party companies in El Salvador to offer digital wallets in addition to the Chivo wallets, which were released last year when the country made Bitcoin (BTC) legal tender. If it can reach an arrangement with one of these companies, it will be able to compete for BTC transfers.

MoneyGram praises El Salvador

“If a country like El Salvador is going to make Bitcoin seamless with US dollars in country, I think that consumers, through MoneyGram, should be able to transfer Bitcoin to El Salvador or transfer dollars and convert them to Bitcoin.”

Holmes spoke to Bloomberg

The decision comes as remittances become increasingly common in emerging economies, as well as heightened scrutiny of stablecoins that are supposed to maintain a 1-to-1 relationship with a commodity or currency like the US dollar.

Users with Stellar blockchain digital wallets will be able to convert their holdings to Circle Internet Financial’s USDC stablecoin once MG starts the service. The service can be used to convert the stablecoin to fiat currency.

MG has a previous deal with Ripple Labs, which previously held a large number of the company’s shares. Ripple and MoneyGram dissolved in March 2021, shortly after Ripple was sued by the Securities and Exchange Commission of the United States. A class-action lawsuit was filed against MoneyGram in March 2021 as a result of their partnership with Ripple.

In October 2021, MG and Stellar began working together, and a trial service was released in November. There had been speculations earlier in the summer that Stellar was interested in purchasing MoneyGram.

Stellar Lumens Ups Its Game With German Bank Partnership

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Countries in Europe have been open about using blockchain technology in improving their financial spheres. Out of this, Germany has been one of the stalwart examples of a region that has adopted blockchain as well as the concept of cryptocurrencies.

New reports now state that Bank von der Heydt had partnered with Bitbond to release their own euro stablecoin. This is aimed to facilitate financial placements in tokenized securities. 

Sources have revealed that the partnership between the bank and the startup will result in a plethora of developments of updates. The tie-up will utilize the Stellar blockchain which will then be used by institutions as well as private companies. The bank’s official statement read:

“The advantages of digital securities lie above all in virtualization, i.e. the elimination of the previously required documented securitization. As a result, securities can be traded directly without an intermediary, making financing much cheaper and easier to implement. Instead of a share, you get a token that, like Stellar, Bitcoin, Ethereum and Co., is based on the blockchain system.”

The bank added that as of the start of the New Year, the crypto custody business was incorporated into the German Banking Act [KWG] as a separate financial service. Customers now need to gain permission from BaFin to offer custody of crypto values within the German market.

With the latest proposal, investors within the bank will be able to purchase the euro stablecoin that will be issued by von der Heydt. Users integrated into the system will be able to convert their holding euros into stablecoins. The founder and CEO of Bitbond, Radoslav Albrecht stated that digital payment will happen much faster than how it was occurring now.

The main advantages of the tie-up were that the transfers will occur in real-time. At the same time, on-chain delivery versus payment of securities is set to occur in an instantaneous fashion. The banks using the technology does not need to involve a third party paying agent but can provide everything independently.

 

 

Stellar Lumens [XLM] Overtakes EOS On The Cryptocurrency Charts; Major Market Volatility Detected

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Stellar Lumens [XLM] made news today, November 12, when it overtook EOS to become the fifth largest cryptocurrency on the charts. XLM has been on a roll in recent days with its 24-hour price change reaching upwards of 5% and correcting itself by hitting lows of 4.5%. It is clear that the volatility in the XLM markets is very high hence the trading volume is at $113.4 million, which is a whopping 99.51% increase in a 7-day time frame.

The market cap of EOS peaked at $5.21 billion in the same time frame as XLM but has since decreased, bringing the market cap to $4.89 billion.

Source: CoinMarketCap

The prices have increased from $0.2429 to $0.2771 while the market cap settled at $5.36 billion. The price of XLM reached a new high within the 7-day range i.e., $0.2835. The announcement of XLM’s air-drop in partnership with Blockchain company has raised a lot of eyebrows as this could be the biggest air-drop in the crypto-space. As per the announcements, the air-drop in total is worth $125 million.

The trading volume of EOS, which is well above the XLM’s trading volume has seen a decrease of $45 million and is now at $671.2 million, which didn’t seem to affect the price too much.

EOS was also in the spotlight a few weeks back due to the research published by Whiteblock which seems to point out a very disturbing finger at EOS claiming that the EOS is nothing more than a cloud service. The research which was commissioned by ConsenSys to Whiteblock further claims that EOS lacks the most basic feature of the blockchain, “immutability”.

The only respite that the EOS community can find is from the new stablecoin that was launched on the EOS platform called CarbonUSD. The bad news seems to find its way back to EOS as there was a fake app on Google Playstore that claimed to be developed EOS RIO, but the group of EOS developers in Brazil [EOS RIO] gave out a statement saying that the official app is yet to be developed.