DAILY NOTION: Cryptocurrencies Price Prediction: Bitcoin, Stellar Lumens & Ethereum
Bitcoin Cash Price Analysis; BCH is up 50% in the past four days.
BCH was trading sideways throughout October and most of November until a massive 20% breakout on Nov 21, driving Bitcoin Cash price above $300 for the first time since Sep 2.
The digital asset could be facing some short-term selling pressure.
Stellar Lumens Technical Analysis: XLM seems ready to retrace after a 200% spike in November.
Stellar has rallied by 200% in November alone, achieving a monthly peak of $0.219.
The remarkable growth followed the bullish cycle across the cryptocurrency market.
Meanwhile, a massive correction seems imminent, now that the price has dropped under $0.2.
More than 15 million new Ethereum addresses have joined the network in the past year anticipating a massive breakout.
Data from Into The Block shows that the number of addresses holding Ethereum (ETH) for over a year has gone up 67% within the last 12 months. This could be due to growing excitement around ETH 2.0, as stakers expect staking rewards.
Reprinted from FX Street. The copyright is reserved by the original author.
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