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Stellar (XLM) and EOS: Top Coins of the Day

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There’s a lot of red out there in the big ol‘ ocean of crypto. The shining stars of the top ten cryptocurrencies are Stellar (XLM) and EOS.

The week is hardly halfway over yet and already, brand new crypto regulations loom as more bodies of government warn against splashing in the waves that are cryptocurrencies. On Monday, the European Supervisory Authorities (ESAs) expressed concerns that too many people were investing in crypto without knowing what they were doing. The group warned, “that VCs (virtual currencies) are highly risky and unregulated products and are unsuitable as investment, savings or retirement planning products … You should not invest money you cannot afford to lose.”

The central Bank of Thailand has also warned all banks in Thailand to avoid cryptocurrency. However, the Thai Finance Minister Apisak Tantivorawong earlier emphasized that the government would not be banning cryptocurrency altogether, only carefully regulating it. In the meantime, banks are to steer clear of anything crypto-related.

The looming threat of regulations and anti-crypto sentiments may be why the market is struggling today. At the moment, the only coins within the top ten that are up are Stellar and EOS.

The seventh top cryptocurrency, Stellar, has a selling price of $0.412327 at the time of writing. XLM is currently up 5.07% in the past 24 hours.

Stellar (XLM) and EOS
Source: CoinMarketCap

Since its inception, Stellar has increased by 13,755%. For the day, XLM is beating out its main competitor, Ripple, which is currently down 4.53% in the past 24 hours.

EOS
EOS is the only other top ten cryptocurrency, other than Stellar, that is currently up for the day. With a market cap of $5.99 billion, EOS is ranked as the 9th largest cryptocurrency. The coin is only just up, however, at 1.24% in the past 24 hours. EOS is currently selling for $8.98.

Stellar (XLM) and EOS
Source: CoinMarketCap
Will other coins recover today and balance out the market? Or will Stellar and EOS also plummet?

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Bitcoin (BTC/USD) forecast and analysis on September 25, 2018

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Cryptocurrency Bitcoin (BTC/USD) is trading at 6706.08. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Bitcoin. At the moment, the quotes of the cryptocurrency are moving near the middle border of the Bollinger Bands indicator bars. A test of the level of 6590.00 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with the target near the level of 7190.00.

Bitcoin (BTC/USD) forecast and analysis on September 25, 2018

Bitcoin (BTC/USD) forecast and analysis on September 25, 2018

The conservative buying area is near the lower border of the Bollinger Bands indicator strip at 6580.00. The abolition of the option of continuing Bitcoin growth will be the breakdown of the lower border area of ​​the Bollinger Bands indicator strips, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of ​​6200.00, indicating a change in the bearish trend for BTC/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.

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Ripple (XRP/USD) forecast and analysis on September 25, 2018

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Cryptocurrency Ripple (XRP/USD) is trading at 0.5761. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Ripple. At the moment, the quotes of the cryptocurrency are moving near the middle border of the Bollinger Bands indicator bars. A test of the level of 0.5300 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with a target near the level of 0.7210.

Ripple (XRP/USD) forecast and analysis on September 25, 2018

Ripple (XRP/USD) forecast and analysis on September 25, 2018

The conservative area for buying is located near the middle border of the Bollinger Bands indicator strip at 0.4680. Canceling the option of continuing Ripple growth will be the breakdown of the mid-range area of ​​the Bollinger Bands indicator bars, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of ​​0.4500, indicating a change in the bearish trend for XRP/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.

Read More;

Why Ripple (XRP) can jump 100x in value and become the world currency

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Ethereum (ETH/USD) forecast and analysis on September 25, 2018

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Cryptocurrency Ethereum (ETH/USD) is trading at 245.16. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Ethereum. At the moment, the quotes of the cryptocurrency are moving near the middle border of the Bollinger Bands indicator bars. A test of the level of 238.00 is expected, from which one should expect an attempt to continue growth and further development of an upward trend with a target near the level of 280.50.

Ethereum (ETH/USD) forecast and analysis on September 25, 2018

Ethereum (ETH/USD) forecast and analysis on September 25, 2018

The conservative buying area is located near the lower border of the Bollinger Bands indicator strip at 220.50. The abolition of the continuation of Ethereum growth will be the breakdown of the lower border of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes below the area of ​​200.00, which indicates a change in the trend in favor of the bearish for ETH/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.

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