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...?
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments