Mixed Signals Regarding the Two Major Altcoins: Which One Will Perform Better?


Although Bitcoin has made several moves and failed to test the $48,000 limit in recent days, the general upward sentiment in the market has led to the crypto currency market value rising above $2 trillion. At this point, it is worth noting that many important crypto currencies have also seen upward increases.

Stellar and Bitcoin Cash

Compared to other altcoins Stellaria (XLM) and Bitcoin Cash (BCH) managed to attract attention by gaining 32.39% and 21.98%, respectively. However, in recent declines, it seems that some of the gains have been erased as both crypto currencies have kept up with the market.

As of the moment of writing the article XLM from $ 0.37 and BCH it is trading at $ 678. So, is the increase in the two cryptocurrencies over at this point or will a new uptrend begin?

According to the data obtained, the number of active addresses in Stellar reached its peak on August 11 with 0.14 million. However, according to the statement made, the number of active addresses fell significantly when the article was being prepared for publication and declined to the level of 47.5 thousand.

In addition, it seems that the number of active addresses in Bitcoin Cash has increased slightly from october8.6 thousand to 0.12 million in the same period. therefore, the number of XLM active addresses decreased in a certain period of time, while the number of BCH active addresses increased.

Correlation and Volatility

According to the data obtained, the volatility of both assets remains at low levels. In the statements made, it is seen that the volatility of XLM is currently in the band of 0.88 and the volatility of BCH is in the band of 0.70. For this reason, it is not expected that there will be a serious increase in the price of both crypto currencies.

For example, in the period from May to June Volatility of XLM when it fell from 1.89 to 1.15, the value of the altcoin also fell by about 40%. However, a slight increase from current levels may also lead to further increases in price levels.

In October, according to Cryptowatch’s data, XLM Bitcoin her relationship with him has not been so strong lately. In fact, it has been moving in the december of 0.5-0.6 in the last few days. On the other hand, BCH’s dependence on Bitcoin’s price movements seems to be relatively intense with 0.95.

Therefore, different signals are also being received about the two crypto currencies at the moment, and altcoinit is believed that the price movements of the will depend on the relatively general market outlook.

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