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Stellar Skyrockets And Fat Cats Profit As Huobi Exchange Listing Goes Live, XLM Up 10%
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Stellar Skyrockets And Fat Cats Profit As Huobi Exchange Listing Goes Live, XLM Up 10%

After a number of days of positive climbs and a positive new partnership announcement for Stellar, things seem to just keep getting better for the native token to the project, XLM. Yesterday, we covered a story on the new partnership between Stellar and TransferTo, a firm which provides international payment services in a project that will see XLM accessible to customers in 70 countries. According to TransferTo:
“TransferTo is excited to announce that it is partnering with Stellar.org to further enhance the way in which money is transferred across borders. Under this collaboration, financial institutions and partners of both Stellar.org and TransferTo will benefit from the combined network coverage, and be able to leverage new technologies to send and receive money more efficiently to more than 70 countries.”
You can see the full coverage of our story, here. XLM went live on the Huobi exchange at 16:00 (GMT+8), since this Stellar is relishing in a very good run. At the time of writing, XLM is valued at $0.331, up 10.59%. Furthermore, according to the official Huobi announcement:
“Stellar (XLM) will be launched on Huobi Global on July 25, 2018 (GMT+8). Deposits will be available from 16:30, July 25, 2018 (GMT+8). XLM/BTC and XLM/ETH trading will be available at New Zone from 16:00, July 26, 2018 (GMT+8). Withdrawals will be available from 16:30, July 28, 2018 (GMT+8).”
See more for yourself, here. As you can see then, the full roll out of full XLM availability will now take place over the next few days. With deposits available, buying will shoot up, in two days time when withdrawals become available, we should expect to see a continuation of the good run of XLM. In short, this isn’t a temporary spike, it is likely that XLM will continue to fly through the weekend off the back of this announcement. All in all, this could not have come at a better time for Stellar. With the markets flying and a few other promising announcements in the Stellar camp, a big exchange listing really is the icing on the cake. XLM really is able to take advantage of this, we are certain that it is going to do so too.

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Robert Johnson

Robert is a keen investor with a particular interest in cryptocurrencies. He has been involved in the industry for many years, and because of this, has gathered a lot of knowledge surrounding this area. He studied English at university level and has a passion for writing. He loves being able to combine his two mains interests on a daily basis.

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