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

in #lumens7 years ago

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.