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- One of the more well-known cryptos in the industry, Stellar has been seeing some significant gains over the past two weeks.
- It has outperformed many other digital assets such as ETH and has spiked by more than 60%.
One of the more well-known cryptocurrencies in the industry, Stellar (XLM) has been seeing some significant gains over the past two weeks. It has outperformed many other digital assets such as ETH and has spiked by more than 60%. According to a recent report by Santiment, the cryptocurrency has not only seen positive movement in its price but also when it comes to its social activity.
As many people practice social distancing all around the world due to the outbreak of coronavirus, social media and online interactions are the way forward. The social volume for XLM is not typically used in traditional stocks or markets however, it has a massive impact when it comes to the industry of crypto. This is because digital assets are highly affected by social media. Cryptocurrencies such as bitcoin have fallen due to the possible bans coming from China but most of the time, these reports were false.
When it comes to cryptocurrency such as bitcoin, social media can have a massive impact. The lower market Assets can suffer even worse from social media. Even though the social activity for Stellar has been on the rise over the past few weeks, it doesn’t mean that it’s going to blow up all that there is a massive Bull run just around the corner.
🚀 $XLM #Stellar has continued its phenomenal month of April with social dominance and social volume continuing to surge as the crowd figures out whether its run can continue. It's up another 9.1% the past 24h, and 34.5% the past 30d. Check it yourself! https://t.co/5CUX9q8Cwg pic.twitter.com/hml6QjXm0Q— Santiment (@santimentfeed) April 27, 2020