A ray of hope for Ethereum [ETH] and Stellar Lumens [XLM]?
Although Stellar Lumens [XLM] has seen a rough week with a fall of 6.79%, Ethereum [ETH] on the other hand saw a surge of 15.76%.
Earlier today, Ethereum crossed the $800 mark but didn’t hold the value for too long. At 2:10 PM UTC, ETH is priced at $778.85 with a market capitalization of $77.3 billion. From May 1st, ETH’s prices increased gradually against USD, until today.
The price hike last week could be due to Vitalik Buterin’s announcement about sharding being introduced. Sharding can increase the transaction processing capacity of Ethereum.
On the other hand, the sudden downward trend could be due to the Ethereum being under scrutiny to decide whether or not it is a security. However, the reports will be released tomorrow, May 7th.
Alexis Ohanian, co-founder of Reddit said:
“I still hold a little bit of Bitcoin, and I think it has such mindshare that it will continue to be a store of value. I’m most bullish about Ethereum simply because people are actually building on it,”
He further added:
“At the end of the year, Bitcoin will be at $20,000. And Ethereum will be at $15,000.”
A Twitter user commented on the statement saying:
“Better question! How much ETH did he own before making this prediction?”
In the past 24 hours, XLM saw a drop of 4.28%. The currency is priced at $0.41 with a market capitalization of $7.6 billion. The coin is currently ranked at 8th position and being traded on various exchanges viz Binance, UpBit, BCEX, OKEx with an overall volume of $7 million.
Torben Stärk, a health advisor and market follower said:
“If it reaches a Market Cap of 80Billion like ETH it’s ten times more than now, so it would be 4$. 50$ who knows – nothing is impossible, but not within the next couple years I think…”
It was being noticed that Stellar’s prices remained on the downward slide even after the Bitfinex’s announcement of adding Stellar [XLM] to its platform a few days ago.
Stellar Lumens tweeted:
“You guys… Market prices for Lumens went up from under 20-cent to over 40-cent/XLM in just one month, and some of you are STILL not happy. :(“
David Lim, a Twitterati commented:
“Don’t sell yourself short StellarLumens. We all know your company and protocols have the ability to be a 100X rocketship.”
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