What a way to start the new year!
Not only did Stellar cement it's place at number 9 on CoinMarketCap, it battled it out with NEM for the number 8 position and briefly obtained it!
As of 23:47 GMT Stellar is currently sitting at $0.5020 with a percentage increase of 40.350% from this time yesterday according to CoinMarketCap.com Source: https://coinmarketcap.com/currencies/stellar/
So Without further delay, lets get into whats been going on in the world of Stellar with the facts, ranking and news. We'll then move onto my thoughts and opinion about Stellar on the First day of 2018!
Stellar Facts
Today's high / low according to Coingecko.com ( reference https://www.coingecko.com/en/price_charts/lumens/usd)
Is $0.3576 / $0.5209 breaking the previous record high of $0.3576.
Stellar Ranking
Stellar briefly took the number 8 position on coinmarketcap.com rankings overtaking NEM. NEM has since retaken the top 8 position but as of 11:50 GMT the difference is $0.7 Billion.
Stellar News
This has been taken from the Stellar SubReddit found here: ~~~ embed:Stellar/comments/7ne2vl/the_daily_stellar_chat_posts_mon_january_1st_of/ reddit metadata:fFN0ZWxsYXJ8aHR0cHM6Ly93d3cucmVkZGl0LmNvbS9yL1N0ZWxsYXIvY29tbWVudHMvN25lMnZsL3RoZV9kYWlseV9zdGVsbGFyX2NoYXRfcG9zdHNfbW9uX2phbnVhcnlfMXN0X29mLyB8 ~~~
Top News of The Day
Peerex Decentralised Asset Exchange: https://peerex.org / https://redd.it/7n6r4c
XLM is a Verified Digital Asset (VDA): https://cryptonaire.com/digital-assets/
First Stellar ATMX units shipping in February 2018: https://medium.com/@info_63769/the-future-of-stellar-lumens-going-beyond-payments-towards-a-global-store-of-value-6c02994f0dc5
Personal Opinion
The Last 24 hours have been a joy to watch. Not only did Stellar break the 50 cents mark, it broke into the number 8 position so soon after breaking into the top 10. Now of course a correction is coming. While Stellar is still under valued in my humble opinion, the recent surge doesn't have the necessary support to be maintained. A correction isn't that bad and can give people time to get a great price on Stellar before the next jump in price.
Keep Watching this Space for all your Stellar Related News!
Thanks for reading and I will be back again Tomorrow!
Don't Forget to Upvote!
Stellar has my attention now.
Glad I could spread the word @eroche! The Stellar subreddit is very active and they post a lot of great links there. It can be a bit too optimistic at times but all in all, its a good starting point for further research.
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Do you think right now would be a good time to sell stellar in anticipation of the coming correction?
First off, you need to make a decision based on how risk adverse you are, but personally I think this bull run has a bit more to go. I'm not selling just yet anyway. Good luck man!