SEATTLE, Wash. – Market sentiment analysis shows good movement and positive performance from Stellar Lumens (XLM), Cardano (ADA), NEO, and EOS. Due to this positive movement, these may indicate a repeat of the epic Q4 run-up during 2017.
Stellar Lumens (XLM)
The globe’s eighth largest cryptocurrency, Stellar Lumens (XLM) is trading at $0.37 per US dollar with a trading volume of approximately $189 million.
With its upcoming initial coin offering (ICO) with Canadian cannabis company Nezly, many analysts believe this to cause the good performance of the XLM coin. This ICO is scheduled to launch on April 20.
Moreover, XLM is well-received by Asian crypto-traders and crypto-investors due to its recent inclusion within the ranks of Chinese cryptocurrency exchange Binance and South Korean cryptocurrency exchange Upbit.
XLM transactions in Binance account for 30 percent of all XLM trade transactions, while Upbit XLM transactions account for almost 22 percent of all XLM trades.
Popular for its low transaction fees, Cardano (ADA) now stands as the seventh largest cryptocurrency, trading at approximately $0.26.
Cardano has become more flexible since Binance decided to extend the ADA’s trading with both the USD and BNB (Binance exchange’s coin). Before that, ADA had only been paired with Bitcoin and Ethereum.
This will bring more potential investors to Cardano. For the past 24 hours alone, roughly $610 million dollars worth of exchanges for ADA resources have been made.
ADA is now pushing closer to bullish territory, but some cryptocurrency analysts believe that this will not last long. Investors are advised to be cautious with ADA’s market movements these coming weeks.
NEO’s coin value spiked upward to $73.29 after the announcement of NEO’s partnership with Universis, a wealth management platform.
Currently, NEO is trading at $64, showing strong support from investors. But any backtracking would cause it to plummet to $54.
However, a breakout may occur for NEO, and it may increase the coin’s trading value to $88, though there might be a resistance between $80 and $88 trading figures.
Trends for EOS have been looking up since the coin is trading at $7.80. This upward trend is due to the recent announcement of EOS’s partnership with WAX which was made on the 17th. This partnership made the coin’s value increase by $0.50 in just an hour.
Increasing trading value for EOS is highly probable. It could break to $9.50 or even $10 in the future. This performance brings the EOS coin into bullish territory. Further market sentiment analysis might be necessary to evaluate EOS’s progress in the coming days.