All cryptocurrencies are in the green once again. Such an uncommon sight has become surprisingly more common during the second half of 2018. After multiple months of bearish pressure, it would appear things are turning around once again. For the Stellar price, this latest push could not come at a better time.
XLM Price Shows Some Moves
It is rather interesting to see all cryptocurrencies go in the green at the exact same time. Although one can argue this is all facilitated because Bitcoin’s value is on the rise, it seems bigger things are at play. Numerous announcements and developments are elevating the cryptocurrency industry to a whole new level.
All of this positive momentum affects the prices of individual projects. In the case of the Stellar price, its uptrend is growing by leaps and bounds. With an 8% increase over the past 24 hours, the Stellar price has returned to the $0.25 level without too many problems. More importantly, the digital asset also notes a 6.5% gain over Bitcoin, which is always worth keeping a close eye on.
Several key factors influence this current Stellar price uptrend. That is only normal, as a relatively big price shift cannot come out of the blue. The launch of StellarX will have something to do with the current excitement. It is a decentralized exchange powered by Stellar’s native technology. Although still in beta testing, the platform offers a lot of potential.
Stellarx is now live!!! https://t.co/uruSJQpptz
Join the discussion for trading on the #Stellar #Decentralized #Exchange #Stellarx#XLM#FREE #trading https://t.co/p4RSJQjTVo#xlm #stellar #bitcoin #lumens #str #btc #eth #blockchain #crypto #cryptocurrency #bounty #airdrop
— Stellar Lumens XLM (@Stellar_XLM_) September 26, 2018
Additionally, there is a case to be made for using Stellar in terms of removing initial coin offerings from the equation. Instead, it appears the era of securities tokens is almost upon the cryptocurrency community. A recent Medium post makes a strong case for using Stellar in this regard, although it remains to be seen if Security Token Offerings – or STOs – will ever gain any mainstream traction.
Last but not least, it would appear Stellar is enjoying a strong push which somewhat resembles Ripple’s current trend. Although the XRP price jump is a lot steeper than Stellar’s as of right now, it is evident both assets tend to go through similar momentum when the going gets either good or very tough. Short-term trends seem to indicate things will head in the right direction moving forward.
— Ben Fischer (@BoersenMedien) September 26, 2018
As is always the case in the world of cryptocurrencies, it remains to be seen what the future will hold. For the time being, things look promising for the Stellar price. Maintaining a price level of $0.25 will not be easy, yet it goes to show what is effectively possible through hard work and community dedication. A very interesting period lies ahead for all cryptocurrencies and digital assets alike.