Crypto Price Watch: Stellar Lumens, Cardano, NEO, EOS, IOTA Spike Further

Crypto Price Watch: Stellar Lumens, Cardano, NEO, EOS, IOTA Spike Further

The recent price spikes of major cryptocurrencies like Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin seem to be rubbing off on smaller coins like Stellar Lumens, Cardano and NEO. All three currencies sit within the green zone.

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Strong maneuvers from major investors are making their way through market exchanges as more and more seek to enter the crypto trading arena and get in on the action as prices continue to spike.

With Bitcoin potentially slated to hit the $9,000 mark as early as next week, the bull run we’ve now witnessed over the past week can no longer be dismissed as a fluke.

Stellar Lumens (XLM)

XLM is down by roughly $0.01 since our last price piece and is trading at the $0.38 mark. Analysts had predicted a small price drop, though long-term sentiment suggests an ongoing rise to as high as $0.47 within the coming weeks. Stops for the coin are advised to remain tight as overall trends for XLM remain bullish.

Stellar Lumens Price Chart - April 22, 2018
Stellar is up 5.54% over the past 24 hours.

In addition, XLM is in partnership with three major financial and/or tech players: IBM, Deloitte, and ICICI Bank. This has, in turn, led to an increased adoption in countries ranging from Canada to India. Stellar is up 5.82% over the past 7 days.

Cardano (ADA)

Cardano has incurred a series of downtrends over the previous months, though analysts now suggest possible evidence of a forthcoming uptrend. Investors are advised to continuously trail the stops to potentially lock in paper profits as prices move up.

Cardano Price Chart - April 22, 2018
Cardano is up 5.95% over the past 24 hours.

Cardano is up $0.02 since our previous price article and is currently trading for $0.29.

NEO (NEO)

NEO has expanded greatly since our last price watch, jumping from $64 to $76.81 at press time. The currency has finally broken the 50-day SMA, but it is slated to face possible resistance at $80.

NEO Price Chart - April 22, 2018
NEO is up 5.15% over the previous 24 hours.

Should the currency break this position, it could rise anywhere between $92 and $94 before experiencing further (minor) resistance.

EOS (EOS)

EOS has experienced a large jump, spiking from $7.8 to over $11.72 since our previous price article. With a $4 rise in the books, EOS is exhibiting bullish behavior and is showing an ability to surpass all set resistance, which was predicted to lie somewhere between $9.5 and $10.

EOS Price Chart - April 22, 2018
EOS is up 10.77% over the previous 24 hours.

IOTA (MIOTA)

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IOTA is currently trading for $1.9, though $2.17 is expected in the coming days. Over the past week, IOTA is up 31.46%.

IOTA has been riding high this week on news of a successful test with machine-to-machine self-charging car stations.

IOTA Price Chart - April 22, 2018
IOTA is up 13.11% over the previous 24 hours.

Market Summary

In conclusion, the total global market cap for cryptocurrencies continues to gain and impress, standing at $395.83 billion – a near $68 billion rise since last Sunday when the market stood at $324.79 billion.

The large number of buy orders for Bitcoin hasn’t been this high since December 2017 – currently at 90%, according to TurtleBC. While this is an encouraging sign, many coins are still nowhere near the all-time highs that were set in late December and early January.

Charta via TradingView

Cover Photo by Megha Ajith on Unsplash

Filed Under: Price Analysis
Nick Marinoff

Nick Marinoff is an author, writer, and journalist that has been covering the cryptocurrency arena since 2014. In the past, he has served as a news writer and editor for Money & Tech, and as a senior writer several cryptocurrency websites. He also has several guest publications under his belt from Sludge Feed to Coin Journal to Digital Gold Magazine. He has since traveled extensively to libraries, offices and other locations delivering seminars on the book's subject matter and the growing student debt crisis in America.

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