As of December 12, 2024, Cardano (ADA) is trading at $1.13 USD, up 0.12 USD (11.88%) from its previous close. The intraday high was $1.13 USD, with a low of $1.001 USD.
Meanwhile, Stellar (XLM) is trading at $0.441182 USD, up 0.02777 USD (6.72%) from its previous close. The intraday high was recorded at $0.444297 USD, and a low of $0.407501 USD.
The recent surge in XLM price was fueled by Grayscale Investments LLC’s 10-K filing for the Grayscale Stellar Lumens Trust, which showed a 10% increase in the trust’s net assets.
In addition, interest in Stellar’s innovative payment and remittance solutions continues to grow, driving the XLM price surge.
However, some analysts warn of a potential short-term XLM price correction as overbought indicators, such as the RSI reaching 92.54, suggest a possible price decline.
For ADA, there is no specific recent news reported in the available sources.
Investors are advised to monitor market developments and conduct in-depth analysis before making any investment decisions regarding ADA and XLM.