Altcoins Exploding
The altcoin action this week has been blowing my mind. Look no further than Ripple (XRP) or Bitshares (BTS) as examples.
What's going on with Stellar Lumens??
But the chart for Stellar Lumens (XLM) (STR on Poloniex) has me gobsmacked. A four day chart shows a low of 0.00000339 BTC (5 zeros) rising to 0.0000390 (4 zeros).
That's an increase of 1050%!!...Check out this Chart:
Any ideas what's happening with this coin?
What's causing it to go parabolic? Making matters more confusing, Stellar is giving away 16 billion Lumens in June. Why don't people just wait until then to claim their free Lumens, based on their BTC holdings? It's not an exchange of Lumens for BTC, it's literally a giveaway!