MultiversX Tracker is Live!

XLM pricing not tied to volume events?

All Cryptocurrencies

by COINS NEWS 87 Views

When I need to fund (or withdraw) my accounts on different CEX's that I can't fund with fiat I use XLM and I suspect many other people do as well as it's cheap and fast to send.

I always expect to see the price of XLM shoot up when there is a big event happening that triggers buying or selling pressure but this doesn't seem to happen. XLM does vary fairly widely in price over time, it's not a stable coin, but not specifically tied to a big event.

Is this relative stability of XLM price because people are buying and selling XLM in a short period of time cancelling out or is it because they are funding with other tokens or...?

submitted by /u/Yoohooligan
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments