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Tron [TRX], Stellar Lumens [XLM] hike by 5%; Christmas treats arrive early

Priyamvada Singh

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Tron [TRX], Stellar Lumens [XLM] hike by 5%; Christmas treats arrive early
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As the cryptocurrency market takes another swing at the bear, the prices continued to stay green. Ever since Bitcoin [BTC] crossed the market of $4,000, the altcoins below have followed the path of the king cryptocurrency as a result of correlation. While XRP and Ethereum [ETH] are showing a massive pop in their prices, the coins at a lower rank, such as Stellar Lumens [XLM] and Tron [TRX] are not behind in the bull run.

At the time of writing, Tron had soared by 5.13% wherein the coin was trading at a price of $0.0226 with a market cap of $1.5 billion. The total trade volume for TRX in the past 24 hours was evaluated at $186.3 million.

TRXUSD 1-day chart | Source: tradingview

TRXUSD 1-day chart | Source: tradingview

At the beginning of the 24-hour time frame, TRX was trading at a fair price of $0.022 where its market cap was valued at $1.4 billion. However, before taking a massive upturn, the cryptocurrency dealt with its bottom of the day by trading at $0.02 with a market cap of $1.3 billion.

Tron touched its peak of the day after several downturns in its price at $0.0236 where its market cap was above $1.5 billion.



As of Stellar Lumens, the coin started trading at $0.127 at the beginning of 24 hours, where its market cap was observed to be $2.44 billion. XLM took many downturns forming a wave on the price chart to reach its current peak. The highest that the token traded at today was $0.141 with a market cap of $2.7 billion.

XLMUSD 1-day chart | Source: tradingview

XLMUSD 1-day chart | Source: tradingview

At the time of writing, the token was trading at an appreciated price of $0.135 with a market cap of $2.5 billion. Although XLM fell by a small scale after hitting the peak, the coin is still attempting to move up and is currently showing a spike of 6.16%. The total trade volume of the cryptocurrency in the past 24 hours is recorded at $170.2 million.





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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.

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Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

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Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

Daily Crypto News – May 25

1) Bitcoin Wallet receives part of 5,000 BTC: A recent Whale Alert highlighted a transaction on May 24, where a large sum of Bitcoin [BTC] exchanged hands between two anonymous wallets. According to the alert the transaction took place at 22:13:23 + 1 minutes and 5,000.00001092 BTC was transferred from an unknown wallet, with address 19SiCYaYKZh9A8HUjuh14eg5wtYzKxiFbB, to another unknown wallet with address 14GcjGjxwadzcpmq9EG3KUgTKATjurbnWt.

Read more at https://bit.ly/2VRQwb0

2) Bitwise Report 2.0: Bitcoin [BTC] futures continues growth: On a month-on-month basis, Bitcoin Futures saw a massive bump in April trading at an average of 10,000 contracts daily, peaking on April 4, with over 22,000 contracts traded. To put that number in perspective, in March 2019, the average contracts traded was less than 4,000. Despite the high standards set in April, the average daily contracts traded in May, with 25 days gone has exceeded 14,000 and still looks to grow, given the price performance of Bitcoin.

Read more at https://bit.ly/2W40sTR

3) Craig Wright on private keys: Craig S Wright has, for years, claimed he is the true creator of Bitcoin [BTC] without providing a shred of evidence to support the same. With the crypto-community levelling, Wright could prove his worth by sending BTC from Satoshi Nakamoto’s touted wallet containing around 980,000 BTCs, the BSV man in a twisted cause and effect situation, stated he will “sign” into his wallet only when he proves he is the creator.

Read more at https://bit.ly/2X6fdlw

4) Tether’s [USDT] market cap hits ATH: Tether and Bitfinex are being closely scrutinized now more than ever due to the NYAG’s lawsuit; however, the scrutiny doesn’t seem to have affected Tether as the market cap of USDT has increased by over $100 million in approximately 70 days.

Read more at https://bit.ly/2McaTjE

5) Tether volume shift: Another controversial topic in the cryptocurrency industry was the issue of fake transaction volumes on many of the popular cryptocurrency exchanges. The magnitude of the topic was so large that even Changpeng Zhao, the Chief Executive Officer [CEO] of Binance had raised red flags. This topic and Tether as a whole received another twist when Larry Cermack, the Director of Research at The Block, pointed out a few parameters when it came to the said volume.

Read more at https://bit.ly/2wmk4mJ

6) Bitfinex’s LEO tokens listed on Delta Exchange: Bitfinex’s Leo tokens faced quite a lot of criticism when they were announced, due to the missing $850 million funds from Bitfinex. The private investment round by Bitfinex also faced a lot of heat from the media. However, in a recent development, Leo tokens are being listed on various exchanges for trading.

Read more at https://bit.ly/2HUEnNB



7) Robinhood en-route a projected valuation of $7 billion: Robinhood, the California-based cryptocurrency exchange made headlines recently when a source close to the organization revealed that it was on the verge of closing their latest round of funding at a valuation of a whopping $7 billion – $8 billion. Sources even claimed that the current round of funding could act as a precursor to an even bigger round of funding, which would pit Robinhood with the bigwigs like Coinbase and Binance.

Read more at https://bit.ly/2W64KKj





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