Stargate Finance (STG) Continues Stellar Performance from Yesterday

The cryptocurrency token Stargate Finance was already doing well yesterday, up an astonishing 15.57%. Today, it is continuing that upward trend, remaining bullish with an impressive 8.63% increase. That’s even more impressive considering where it was yesterday and where it came from last week.

A Look at the STG Rate Performance

Today’s jump brings the Stargate Finance rate up to $0.808 (STG/USD), where yesterday it was at $0.750 when we checked in with it. What is really incredible is that the STG rate was hovering around the $0.33 mark before just a few days ago. It was Friday last week when the price shot up, and it has been doing very well since then.

Before this bullish trend, Stargate Finance was struggling for months, trending rather flat and not showing much sign of activity. While we know that the market upswing has definitely helped the STG rate, this is a coin that has momentum of its own and that is doing quite well for now. Does that mean it will be able to keep the momentum going and serve as a good investment opportunity for crypto users?

Stargate Finance Outlook

The overall crypto market is up just 1.15% today, but that’s better than previous weeks where it trended downward day after day. This will help propel Stargate Finance forward and provide some hope for its future.

STG has a trade volume of $141 million over the last 24 hours, which is an increase of 36% for that time. That’s incredible news for STG investors, meaning that they should expect the rate to continue to stay bullish for at least a little longer.

What we are concerned about is the STG bubble bursting, were investors have figured they made enough profits and want to withdraw funds and cash to their STG coins.

STG’s rate should be bolstered by the rising Bitcoin (BTC), as well as the decent performance of other major cryptos like Ethereum (ETH), XRP (XRP), and Cardano (ADA), which are all up today.