{"id":131841,"date":"2020-04-28T11:39:32","date_gmt":"2020-04-28T10:39:32","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=131841"},"modified":"2020-04-28T11:42:31","modified_gmt":"2020-04-28T10:42:31","slug":"stellar-lumens-aims-for-higher-highs-as-social-engagement-metrics-explode","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/stellar-lumens-aims-for-higher-highs-as-social-engagement-metrics-explode\/","title":{"rendered":"Stellar Lumens aims for higher highs as social engagement metrics explode"},"content":{"rendered":"

Stellar Lumens has managed to decouple from the rest of the cryptocurrency market over the past few hours. The bullish momentum pushed the price of this cryptocurrency up over 15 percent. XLM rose from trading at a low of $0.062 to recently hit a high of $0.071.<\/p>\n

Meanwhile, Bitcoin<\/a> has remained stagnant mostly trading within a narrow range. This consolidation area is defined by the $7,600 support and the $7,780 resistance level.<\/p>\n

\"Bitcoin
BTC vs. XLM<\/a> by TradingView<\/figcaption><\/figure>\n

Social engagement metrics explode<\/h2>\n

Santiment<\/a>, a behavior analytics platform, stated that April has been critical for Stellar\u2019s market value. Throughout this month, XLM has gone up by more than 80 percent.<\/p>\n

The substantial upswing helped recover all the losses incurred during the March market meltdown. Consequently, increasing the amount of \u201cXLM\u201d mentions across different social media platforms. These include Telegram groups, crypto subreddits, Discord groups, private traders chats, many more.<\/p>\n

Santiment said:<\/p>\n

\u201cStellar 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.\u201d<\/p><\/blockquote>\n

\"Stellar
Stellar Lumens' Social Volume by Santiment<\/a><\/figcaption><\/figure>\n

All the chatter around Lumens is overwhelmingly positive, according to The TIE\u2019s daily sentiment score<\/a>. This fundamental index measures all the conversations on Twitter about a particular asset and crushes them into a value. A score above 50 implies that conversations have been positive while a score below 50 suggests otherwise.<\/p>\n

Currently, the daily sentiment score of Stellar is hovering around 85, which is the highest it has been in over a month.<\/p>\n

\"Stellar
Stellar Lumens' Daily Santiment Score by The TIE<\/figcaption><\/figure>\n

Although it is not certain the fundamental reasons behind XLM\u2019s uprise, the Stellar Development Foundation<\/a> (SDF) revealed<\/a> that it is evaluating the introduction of a new method for regaining access to Stellar accounts after private keys are lost. This innovative development aims to solve an \u201cage-old problem in the cryptospace.\u201d<\/p>\n

SDF affirmed in a blog post:<\/p>\n

\u201cIn the past, if you lost your private key you also lost control of your account. Using this protocol, the user or wallet will preregister the account and a phone number or email with two or more servers implementing the SEP [Stellar Ecosystem Proposal], and it will add those servers as signers of the account. No individual server will have control of the account, but collectively, they can help the individual recover access to the account. It\u2019s essentially a standard for a robust multisignature implementation.\u201d<\/p><\/blockquote>\n

As the sentiment around XLM continues to run high, Weiss Crypto Ratings<\/a> told<\/a> market participants to stay cautious. The financial ratings agency pointed out that different indicators show that Stellar could be reaching an exhaustion point. As a result, a correction might be underway.<\/p>\n","protected":false},"excerpt":{"rendered":"

Stellar Lumens has managed to decouple from the rest of the cryptocurrency market over the past few hours. The bullish momentum pushed the price of this cryptocurrency up over 15 percent. XLM rose from trading at a low of $0.062 to recently hit a high of $0.071. Meanwhile, Bitcoin has remained stagnant mostly trading within […]<\/p>\n","protected":false},"author":148,"featured_media":131852,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120,15323],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nStellar Lumens aims for higher highs as social engagement metrics explode<\/title>\n<meta name=\"description\" content=\"Stellar Lumens managed to decouple from the rest of the cryptocurrency market over the past few hours as social engagement metrics explode.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/stellar-lumens-aims-for-higher-highs-as-social-engagement-metrics-explode\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stellar Lumens aims for higher highs as social engagement metrics explode\" \/>\n<meta property=\"og:description\" content=\"Stellar Lumens managed to decouple from the rest of the cryptocurrency market over the past few hours as social engagement metrics explode.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/stellar-lumens-aims-for-higher-highs-as-social-engagement-metrics-explode\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-28T10:39:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-28T10:42:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2020\/04\/stellar-explode.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ali Martinez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ali Martinez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/stellar-lumens-aims-for-higher-highs-as-social-engagement-metrics-explode\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/stellar-lumens-aims-for-higher-highs-as-social-engagement-metrics-explode\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/ali-martinez\/#person\",\"name\":\"Ali Martinez\",\"url\":\"https:\/\/cryptoslate.com\/author\/ali-martinez\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/ali-martinez\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/ali-martinez\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/04\/victor-charles-profile-e1555981456737-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/04\/victor-charles-profile-e1555981456737-300x300.jpg\",\"caption\":\"Ali Martinez\"},\"jobTitle\":\"Analyst\",\"description\":\"Ali came across Bitcoin\u2019s whitepaper in 2014. 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