👀 家人們,每天看行情、刷大佬觀點,卻從來不開口說兩句?你的觀點可能比你想的更有價值!
廣場新人 & 回歸福利正式上線!不管你是第一次發帖還是久違回歸,我們都直接送你獎勵!🎁
每月 $20,000 獎金等你來領!
📅 活動時間: 長期有效(月底結算)
💎 參與方式:
用戶需爲首次發帖的新用戶或一個月未發帖的回歸用戶。
發帖時必須帶上話題標籤: #我在广场发首帖 。
內容不限:幣圈新聞、行情分析、曬單吐槽、幣種推薦皆可。
💰 獎勵機制:
必得獎:發帖體驗券
每位有效發帖用戶都可獲得 $50 倉位體驗券。(注:每月獎池上限 $20,000,先到先得!如果大家太熱情,我們會繼續加碼!)
進階獎:發帖雙王爭霸
月度發帖王: 當月發帖數量最多的用戶,額外獎勵 50U。
月度互動王: 當月帖子互動量(點讚+評論+轉發+分享)最高的用戶,額外獎勵 50U。
📝 發帖要求:
帖子字數需 大於30字,拒絕純表情或無意義字符。
內容需積極健康,符合社區規範,嚴禁廣告引流及違規內容。
💡 你的觀點可能會啓發無數人,你的第一次分享也許就是成爲“廣場大V”的起點,現在就開始廣場創作之旅吧!
Stellar (XLM) Basks In XRP Euphoria, Soars 52% In One Day
The price of Stellar (XLM) has experienced a similar meteoric rise to the XRP token in the last 24 hours. This rise was triggered by news that Ripple, the company behind XRP, had won its long-running case against the US Securities and Exchange Commission SEC.
The SEC’s case that XRP is a security was the focus of the court trial. To the delight of the crypto community, Judge Annalisa Torres of the US District Court for the Southern District of New York ruled in Ripple’s favor, declaring the XRP token not to be a security.
Stellar Looks To Enter The Top 20 Crypto Ranking
The altcoin market had been dominated by bearish pressure in recent weeks due partly to the SEC’s declaration of tokens tied to Solana, Polygon, and Cardano as securities. This declaration formed the foundation of the regulator’s case against prominent crypto exchanges Coinbase and Binance.
Related Reading: Optimism (OP) Rides The Wave Of Today’s Crypto Surge With 15% Rally
That said, the market was jolted back to life yesterday following the announcement of Ripple’s court victory, with most tokens basking in green. Stellar also reacted swiftly to positive market sentiment, going on an almost 90% price rally within a few hours.
The token’s price has since steadied, with Stellar currently trading with a 52.4 % gain. With this, XLM’s price rise places it amongst the top daily gainers in the cryptocurrency market today.
As of this writing, XLM is valued at $0.147189, with a 3.9% price decrease in the past hour. The token has a 24-hour trading volume of over $1.26 billion, representing a 3,386% surge in the past day.
According to CoinGecko data, the Stellar token is closing in on a spot in the top 20 largest cryptocurrencies, with a market cap of nearly $4 billion.
Is $0.8 Within Reach For XLM?
A look at the broader market shows that XLM has been underwhelming in recent days. Although the token scored some significant gains last month, it appears to have also been affected by the dour market conditions in July.
Following the positive price movement of yesterday, investors are hoping to see the XLM price visit the $0.8 again. However, after hitting its all-time high of $0.875563 in 2018, the coin has only ever reached the $0.8 level once.
Related Reading: XRP Price Retreats After Massive 80% Rally, Buy The Dips?
On the weekly chart, the XLM token must overcome resistance at $0.2 and $ 0.4 price levels. So, it would take extraordinary bullish pressure for Stellar to reach $0.8 again
XLMUSD trading at $0.146982 | Source: chart from TradingView
That said, the Relative Strength Index (RSI), an indicator that tracks the balance between the buying pressure and selling pressure of a token, suggests that the current bullish momentum might be waning.
The daily RSI has crossed above the 70-mark, which represents the overbought zone. This indicates that the buying pressure is at its peak, and a reversal might be on the horizon.
Featured image from Shutterstock, chart from TradingView