Understand the commercial landscape for stellar tokens (XLM) and non Butins (NFTS)
The world of cryptocurrencies has experienced rapid growth and development in the past decade. One of the most promising projects in this space is Stellar (XLM), a decentralized cryptocurrency that allows fast, inexpensive and secure cross-border transactions. In addition, NFT or non -butties have drawn attention considerably in recent years for their proposal for a single value. In this article, we will immerse ourselves in the commercial landscape for XLM and NFTS, exploring the key factors to be considered when entering the market.
STELLAIRE COMMERCIAL LAND (XLM)
Stellar is a network of decentralized and decentralized public blockchain which allows rapid and secure cross -border transactions. The stellar network was founded in 2014 by Jed McCaleb, former engineer of Paypal, and Joseph Sullivan, co-founder of Ripple. In May 2017, the XLM token was launched as a stablecoin on the stellar network, designed to imitate its value compared to fiduciary currencies.
Here are some key statistics that illustrate the commercial landscape for XLM:
Capitalization Market
: AS or March 2023, XLM market capitalization is around 2.5 billion dollars.
Volume of negotiation : XLM’s daily trading volume has increased regularly in the past year, reaching a peak of $ 100 million in November 2022.
* Exchange lists : XLM is listed on several major cryptocurrency exchanges, notably Coinbase, Kraken and Binance.
* Support and resistance levels : XLM has relatively low volatility, prices negotiating between $ 20 and $ 60. The support level is about $ 25 to $ 30, while the resistance level is around $ 70.
Understand the NFT
Non -spoiled tokens (NFT) are unique digital assets that represent the property of a specific element or collection. The concept of NFTS has existed since 2014, but it has drawn significant attention in recent years due to the rise of platforms like Opensea and Rarable.
Here are some key statistics that illustrate the NFT commercial landscape:
Market capitalization : AS or March 2023, the market capitalization of various NFT projects is estimated at around 1 billion dollars.
Volume of negotiation : NFTS’s daily trading volume has increased regularly in the past year, reaching a peak of $ 10 million in October 2022.
Exchange lists : NFTs are listed on several major cryptocurrency exchanges, notably Coinbase, Kraken and Binance.
Comparison of the volatility of the XLM and NFT market
The volatility of the XLM and NFT market can be allocated to various factors, including underlying technology, adoption levels and price movements. Here is a comparison of the two markets:
* Volatility : The volatility of XLM is relatively low compared to NFT, prices negotiating between $ 20 and $ 60.
Price action
: NFT market prices are more dynamic and more sensitive to the points or drops of Saudden due to the variations in demand and supply.
* Adoption rate : XLM has a relatively lower adoption rate compared to NFT, but it always increases quickly.
Trading strategies for XLM and NFTS
When you enter the commercial landscape against XLM and NFTS, it is essential to understand different trading strategies that can help you navigate efficient on the market. Here are some key strategies:
Momentum Haussier and lowering : Analyze price movements to identify trends and models.
* Support and resistance levels : Identify critical support and resistance levels to define the input and output points.
* Technical indicators : Use technical indicators such as RSI, Bollinger Bands and mobile averages to confirm trading decisions.
Conclusion
The commercial landscape for XLM and NFTS is constantly evolving due to the rapid growth of these markets.