Stellar and Ethereum tops the charts second day in a row while other cryptocurrencies dips down.
With the fall in the price of Bitcoin with a level below $10000, there spread a level of panic within the investors. This downfall caused a number of traders to start the day down through their investments.
But during this period, Stellar (XLM) and Ethereum (ETH) showed remarkable progress and were among the top-performing tokens in the market cap.
Stellar made progress of more than 5% while XLM jumped by 20 percent in the past 24 hours and was recorded as the best performing altcoin in the list of top 10 cryptocurrencies.
The pair of XLM and BTC also is seen as more confident. In the short term period, Stellar remains stable between 750 and 850 satoshis. However, according to the market, it is more likely that stellar will go down below 750 satoshis instead of rising.
ETH is on a rise but how long it will sustain?
Other than stellar, Ethereum is also performing good. IT is the only cryptocurrency that is performing. Rising from $178 to the current price of $220 per coin when this blog was written, Ethereum has been growing steadily.
The pair of ETH and BTC is also growing in a steady manner. This week the coin rose to 0.0222 BTC and ended in a loss with 0.0218 BTC. Since then it has been performing around 0.0219 BTC. This rise was led by many factors like a decrease in the price of Bitcoin, etc.
According to the Relative Strength Index (RSI) the token was overbought which could lead to the new wave as it was done in Bitcoin.