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XLM pricing not tied to volume events?

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by COINS NEWS 40 Views

When I need to fund (or withdraw) my accounts on different CEX's that I can't fund with fiat I use XLM and I suspect many other people do as well as it's cheap and fast to send.

I always expect to see the price of XLM shoot up when there is a big event happening that triggers buying or selling pressure but this doesn't seem to happen. XLM does vary fairly widely in price over time, it's not a stable coin, but not specifically tied to a big event.

Is this relative stability of XLM price because people are buying and selling XLM in a short period of time cancelling out or is it because they are funding with other tokens or...?

submitted by /u/Yoohooligan
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