Stellar Lumens Up 1050% in 4 days? Any ideas why? (STR/XLM) by hasmatt

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lumens · @hasmatt · May 7 '17

$0.15

Stellar Lumens Up 1050% in 4 days? Any ideas why? (STR/XLM)

<h3>Altcoins Exploding</h3>
The altcoin action this week has been blowing my mind. Look no further than Ripple (XRP) or Bitshares (BTS) as examples.
<h3>What's going on with Stellar Lumens??</h3>
But the chart for Stellar Lumens (XLM) (STR on Poloniex) has me gobsmacked. A four day chart shows a low of 0.00000339 BTC (5 zeros) rising to 0.0000390 (4 zeros). 
<h3>That's an **increase of 1050%!!**...Check out this Chart:</h3>

![](https://steemitimages.com/DQmbAPHrgWAEC7JUWdwibay7z2mRHimFYdR8G5xAmxC8UbK/image.png)

<h3>Any ideas what's happening with this coin?</h3>

What's causing it to go parabolic? Making matters more confusing, Stellar is [giving away](https://steemit.com/bitcoin/@hms818/stellar-is-distributing-16-billion-lumens-to-bitcoin-holders) 16 billion Lumens in June. Why don't people just wait until then to claim their free Lumens, based on their BTC holdings? It's not an exchange of Lumens for BTC, it's literally a giveaway!

👍 fyrstikken, jimmco, sqube, hasmatt, crowdedmind, quantumevolution, kochmaster, cathynsons, dscenterprises, mxu111

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@crowdedmind · May 9 '17

Also, there has been a major influx of capital into the crypto market. Specifically BTC. However, BTC is also a coin that is used to initally purchase to buy other coins with. As technologies and true companies emerge, coin holders will truly be rewarded. The money will eventually flow in to the XRP and STR market and we'll see an increase - unless the company fails...lol. Thanks for the thought provoking post!

👍 hasmatt

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@encryptcy · Jun 3 '17

probably purely technical analysis.

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@kingofdew · May 7 '17

Stellar is a competitor of Ripple (XRP). You are seeing a game of catch up here. People who missed out on XRP signed up for Stellar.  You are seeing just how powerful hype can be, especially when it's on platform that makes sense to the average investor. Both XRP and Stellar offer more cost-effective solutions to big banks. It makes too much sense and sounds too good to be true, but anyone that has been in crypto for a long time knows that the solution is real. It's not a matter of if and when. It's a matter of WHICH solution banks pick. We live in a winner take all world, but for now, it's anyone's guess who might win.

👍 hasmatt, crowdedmind, taha, okhan, belaux

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@crowdedmind · May 9 '17

@kingofdew @hasmatt - **I bought STR @ .0004750** yesterday. This thing was climbing quick, almost doubling. Thought it would keep going and bam.  I think I just saw the STR sitting at .0001650 and right now the XRP is sitting at 0.00009247, down from .00014808. I'm new to trading and just joined Steemit. At the same time, I'm educated in the overall concept of business with a concentration in fin/dig. mktg. so while I lost a nice chunk of the first funds I played with in the market - I also learned some lessons. Holding those coins for the long haul and **grabbing that STR giveaway to BTC AND XRP holders.**

**Something I noticed was missing from this post originally was that XRP was included in the STR giveaway!.** Stellar was inspired by XRP so you can almost see the two more as **complimentary coins that will likely get pumped back up prior to the giveaway.** Long term, it's a great hold anyway because one of them are going to succeed long term, most likely. Lessons learned and it's a fun time - good luck trading!

👍 kingofdew

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@hasmatt · May 11 '17

I feel like I'm still missing something though. Why does a giveaway pump up the value of a coin? It seems like it would dilute the coin by expanding the circulation. Is it mainly because of the hype that the giveaway creates? I feel like if someone owns a ton of BTC, they'd be better saving their coins and getting Lumen when the giveaway happens instead.

What has happened in the past after a coin does a major giveaway? Do prices rise or fall?

👍 crowdedmind

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3 replies

@kingofdew · May 10 '17

excellent insight, thank you for sharing

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@ricotta · Oct 17 '17 (edited)

Stellar wasn't just inspired by XRP, Stellars founder is the creator of XRP but split from XRP due to business decisions so he forked the XRP code and did his own thing.

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@hasmatt · May 7 '17

Good point. That makes sense.  Everyone wants to get in at the ground floor for the next big altcoin. Hype really is driving prices lately. I wonder if it's also that altcoins are starting to find a broader appeal, contributing to the mania. People will chase anything that goes up 50 to 100% in a day, creating a self-fulfilling prophecy.  It looks like reversal is finally happening with it. Everything reverts to the mean in the long term, but things can get crazy  in the interim.

👍 kingofdew, crowdedmind

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@steemitboard · Apr 5 '19

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@xdark22 · May 15 '17

Thanks for the heads up... I always believe the potential and autonomy of Stellar compared with Ripple. It is the network of my favorite exchange here in the Philippines which is coins.ph. Although it appears at the moment as a second rate coin to Ripple because of Ripple's reputation, market cap and major banks tie up. But Stellar will most likely go as big if not bigger than Ripple. When you have extra, now is the best time to buy stellar....

👍 tellall

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