Stellar and Cardano are performing well despite a huge decline in cryptocurrency prices in the last two weeks. The market looks quite soft since the start of this week; the total market capitalization of cryptocurrencies continues to move in the narrow range of $550 to $570 billion in the last three days. The soft movement in the total market capitalization clearly suggests a lack of investor confidence in crypto markets.

Source Image: coinmarketcap.com

But the tone isn’t completely bearish yet, as evident from the limited downside movement.

South Korea’s decision to place taxes and other regulatory requirements on crypto trading rather than ban it, has provided a support to prices. However, warnings from major analysts along with regulatory concerns are also limiting the upside potential.