The clouds have cleared in the skies of cryptocurrency. The market is looking steady after 24 hours and it is gaining value as each second passes by. This Sentiment Analysis segment is to make you aware of the emotional sentiment of various investors, analysts, influencers, and journalists.
This article will include analysis of Stellar Lumens [XLM] and Cardano [ADA], both of which are picking up from the plummet they took recently.
Stellar Lumens [XLM]
Stellar connects banks, payments systems, and people, they offer ways to move money quickly, reliably, and at almost no cost. Their currency is Lumens and it is a system to pay attention to. Being born from the minds of highly regarded and connected advisers in Silicon Valley, it has a secure partnership with IBM, which was a big break for them. From the middle of 2017, Stellar Lumens’ price started to increase in line with Bitcoin’s.
The statistics show that Lumens has experienced an increase of 38.37% in its value in USD in the last 24 hours. From a market capital of $2.939 billion to a staggering $4.4 billion within a span of just 10 hours clearly is reflected in its price. The technical analysis summary on TradingView shows:
Matt Nixon, a crypto analyst from Washington says,
“The demand for XLM has gone way above the supply which means that the prices are going up. There is more clarity in the market now. The prices have broken out of the patterns.”
Duke Butcher, a Stellar Lumens investor is of the opinion:
“The number of transactions are increasing and the community is putting a lot of hope on XLM. These nameless and faceless whales move entire market with their one single trade. I’m excited!”
The boom in the market prices are very well welcomed by the community and are expecting stability if not a raise. 85% of the respondents feel that the prices are going to shoot up as the market is now getting cleared and other 15 % feel that there might be a slight chance of the prices to remain stable at the current rate or might just drop slightly.
Currently ranked at number 6 on the charts, ADA has also experienced a similar hike in the values like that of XLM in the last 24 hours. Cardano is specifically engineered for efficiency and scalability and is developing into a complete and useful cryptocurrency.
According to the latest statistics, Cardano hiked to 33.22% at a price of $0.176 with a market capital of $4.5 billion. The rise from $3.293 billion to $4.5 was within a span of 10 hours. Despite this rise, the values are now slightly dipping.
Stanley Williams, a computer engineer and cryptocurrency enthusiast says:
“The values are really unstable, a prediction at this time is impossible. 2017 was the year we learnt about scaling, handling hardforks, improving privacy. This year is just about getting out of the drunken gambling in the market. With such instability, no guarantees can be given.”
Richard Brian, a financial adviser says:
“Now is not the time to decide, within two days if the increase stays constant, then it will make a great impact on the market”
To conclude, observers are mostly positive, yet are looking for stability in the market. The recent hike and almost instant dip have clouded their opinions about Cardano. The respondents feel that the next 24 hours might not see any hike, post which the prices might escalate.