Price Watch: Stellar Lumens, Cardano, NEO, EOS and IOTA Begin to Stabilize

This marks a 3 cent drop since our previous price piece, when it was experiencing double-digit gains and over $100 million in daily trades.

Like XLM, Cardano has incurred a fall in its price, though this one is considerably smaller by comparison, as Cardano only dropped by one cent since our previous price article from 26 cents to 25.

Its market cap is $6.6 billion, while its daily trading volume is $117 million.

NEO. At press time, NEO's price sits at a mere $62. This is a two-dollar drop since our previous discussion.

Despite these falls, NEO's list of partnerships continues to grow, as the currency has recently joined hands with NewEconoLabs to help support the launch of the company's NEO Name Service, an "Open-source domain name system" based on the Chinese asset.

EOS. The price of EOS is up 10% over the previous 24 hours and is currently trading for approximately $13.46 - a $0.50 drop since our previous price article.

This is a four cent increase since our previous price piece when the currency was trading for $1.90.

Like EOS, IOTA is boasting a new addition to its team in Andrea Villa, a cloud computing expert that will boost the network's security.

"Andrea's impressive resume made it very easy to invite him on board the IOTA Foundation to leverage his skills and experience. Given that IOTA has properties that make it ideal as a counter measurement to a lot of hacks, Andrea's background is a perfect fit to further drive this aspect of the project."

Despite some positive news in the crypto space and a bump in the global market cap, investors are again reminded to only trade what they can afford to lose.