Eugene265 Posted August 14, 2018 #1 Posted August 14, 2018 Bitcoin's 26 percent rally left many a cryptocurrency in the dust over the course of July. Indeed, the bitcoin dominance rate, a widely used indicator that tracks the percentage of the total crypto market cap contributed by bitcoin, rose to 48 percent, up from 42 percent, to record a 7-month high over the 31-day period, a function of money shifting from alternative cryptocurrencies into bitcoin. That said, not every alternative cryptocurrency saw gains. Ether, the cryptocurrency that powers the ethereum blockchain, and the second-largest cryptocurrency by total value, as an example, recorded a monthly loss. A notable exception among the largest 25 cryptocurrencies reviewed by CoinDesk, however, was stellar's XLM token, which was able to defy the odds and become the top monthly performer in its class. Fueled by interest from the most influential U.S. exchange, Coinbase, the news the startup is considering an XLM listing revved up investor interest, spiking 13 percent on the news. Still, it's arguable that this simply helped galvanize stellar's appeal after notable recent milestones. In recent months, teams seeking to launch initial coin offerings (ICOs), including social messenger Kik, have begun to utilize stellar's technology. Also notable has been the team's technical commitments, such as its prominent support for the scaling solution, lightning network, which developers say they aim to implement this year. Along the ride, stellar would go on to hold its gains, though, eventually displacing litecoin to become the world's sixth largest cryptocurrency by market capitalization – valued today just north of $5 billion. Monthly winner - Stellar Monthly performance: +40 percent All-time high: $0.90 Closing price on June 30: $0.19 Current market price: $0.27 Rank as per market capitalization: 6 XLM began its monthly ascent on July 13 (Coinbase news), reaching its monthly high of $0.36 12 days later when it showed a 93 percent gain from the month's open of $0.19. Still, the crypto asset cooled off during the last week of the July, dropping 11 percent, likely due to overextended technical charts and a wavering bitcoin price. When July came to a close, Stellar finalized its 40 percent month-to-month appreciation.
Kate Posted August 15, 2018 #2 Posted August 15, 2018 The coin is doing good enough but won't prefer Investing in it
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