Stellar (XLM) remains relatively unscathed by the continuing bear market that has swept over the crypto space in the last week, dropping just 0.96% against BTC today. Other coins in the top 10 worst affected are Cardano, down 11.86 and Ethereum, down a further 10.81% at $171.
On September 10, Lightyear.io, a blockchain startup built on top of the Stellar protocol, announced a merger with Chain, a tech company that managed to raise $40 million in a funding round with the likes of Visa (NYSE:V), Pantera Capital, Citigroup (NYSE:C), and Nasdaq. The new merger has been rebranded ‘Interstellar’ and will make a valuable addition to the expansion of the Stellar network.
Can Stellar hold its current lead over other altcoins in the top 10, or will it cliff-edge like the rest and start sliding into double digit losses? Let’s take a look.
In the 1D XLM/BTC technical analysis on September 11, we can see that bears were able to kick the asset out of a large bullish pennant pattern that had been forming since the January crypto boom. Once XLM fell through the support of this pattern, bullish traders attempted to re-enter into the pattern, but met a new resistance at th...
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