NEWS

Stellar (XLM) Soars 8% Overtaking Bitcoin’s Performance

Up 10% in the daily and 36.3% in the 2 week chart, at the time of writing, Stellar Lumens (XLM) has been one of the best performing assets in the crypto top 30 by market cap. The cryptocurrency has managed to outperform Bitcoin, Ethereum, and other major coins in the top 10.

XLM with minor profits in the 24-hour chart. Source: XLMUSDT Tradingview

Stellar technical indicators have quickly moved into the buying zone with the simple moving average (SMA) and exponential moving average (EMA) crossing the $0,32 mark.

Related Reading | Stellar Development Foundation Takes Part In Abra $55 Million Series C Funding

The Relative Strength Index (RSI) remains neutral with a 61.5 value, but the Moving Average Convergence Divergence, a metric used to measure price momentum in an asset, is flashing a buy signal.

XLM trending to the upside coincides with exponential growth in its ecosystem. As XLM trending to the upside coincides with exponential growth in its ecosystem. As

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