Price Analysis

Bitcoin (BTC) Price Upsurge Anchors Stellar (XLM) And Cardano (ADA) Out Of The Downtrend

Bitcoin (BTC/USD) Price Analysis:

Bitcoin Price Chart
Bitcoin Price Chart

Bitcoin is currently maintaining itself at $11876. The same is causing an uptrend in the market. Many coins have started recovering from yesterday’s drop. Individually, Bitcoin is booking profits from the beginning of the month. Looking at the above BTC chart, the coin reflected an upward movement. On 4th August, BTC started an upsurge. BTC price jumped from $10824 to $10996. On 5th August, the escalation took another leap of 7.50%. The price counters changed from $10996 to $11821. On 6th August, the coin registered a drop of 2.79%. Bitcoin price shifted from $11821 to $11487. On 7th August, the coin took the price up again. The escalation was of 4.38% as the BTC price changed from $11487 to $11983. On 8th August, the escalation continued. The upsurge was of 1.02%. The price changed from $11972 to $12094. Yesterday, BTC slipped from $12094 to $11990 by 0.80%. Today, the Bitcoin price is hovering at around $11876. The coin is speculated to touch $15,000 by the end of 2019.

Stellar (XLM/USD) Price Analysis:

Stellar Price Chart
Stellar Price Chart

Stellar (XLM) was registering losses from the starting of the month. The same caused the XLM coin to slip down from the rank list of top cryptocurrencies. To have a precise look, let’s go through the Stellar price chart.

If we look at the above chart, there is a clear indication of a steep fall in XLM price. Starting from 4th August, the coin booked a small hike of 1.29%. The price changed from $0.082099 to $0.08316. On 5th August, price of Stellar started slipping down. The price changed from $0.08316 to $0.08170 by 1.79%. On 6th August, XLM coin shift prices from $0.08170 to $0.07857. On the next day, the coin booked a regressed of 0.64% as the coins dropped from $0.0785 to $0.07804. The pattern was continued on 8th August. The fall was of 0.92%. The price of the coin switched from $0.07804 to $0.07732. Yesterday, the coin was seen trading downwards. Stellar price changed places from $0.07732 to $0.07204. However, today, we can observe a recovery in the price of the Stellar from $0.07204 to $0.07448. The destined upsurge would knock the door in some time. The coin would be suitable for short term traders.

Cardano (ADA/USD) Price Analysis:

Cardano Price Chart
Cardano Price Chart

Cardano (ADA) has been touching disappointing digits from the beginning of August. The coin is at the 13th position in the crypto market. The currency is continuously struggling to climb, but every time it ends in vain. However, the ray of hope generated when the coin opened with an upsurge today. Let’s have a look at the ADA price chart.

Above chart is reflecting a huge fall in Cardano price. Starting from 4th August, ADA coin fell from $0.057718 to $0.05691 by 1.32%. On 5th August, Cardano continued the fall. The price of Cardano switched from $0.05695 to $0.056195 by 1.26%. On 6th August, the ADA price fell from $0.05619 to $0.05340 by 4.93%. On 7th August, the price fell from $0.05340 to $0.05160 by 3.45%. There was an improvement in the Cardano on 8th August. The escalation was of 1.21%. The coin changed from $0.05160 to $0.05222. Yesterday, the ADA coin again fell on its knees. Then, Cardano price changed from $0.05222 to $0.04793 by 8.21%. Today, the coin is moving up again. ADA opened at $0.04793 and is currently dealing at $0.05017. The coin would be suitable for long-term investors to register high returns.

Tags

Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.
Back to top button
Close