Stellar

Is Stellar (XLM) Finally Out Of The Woods?

Stellar (XLM) made an incredible 25% gain today. However, the price has quickly retraced back towards the downtrend resistance. Whether Stellar (XLM) closes the weekly candle below or above the downtrend resistance today will decide Stellar (XLM)’s direction for the weeks to come. At this point, it does seem reasonable to assume that the downtrend is indeed over. Wave trend analysis for the above weekly XLM/USD chart shows that a new trend has begun. Elliot wave oscillator for the above chart also shows that the bear trend has ended. Additionally, the 21 week EMA which had been a strong resistance for XLM/USD these past six weeks has now been breached. In the world of cross border and peer to peer payments, Stellar (XLM) has emerged as a strong contender. If Ripple (XRP) did not have such ...

Ripple, Stellar Gain Huge In Latest 15% Market Rally

FOMO fever (fear of missing out) is once again spreading among investors after a bearish month for cryptocurrencies has turned into a price surge. Ripple (XRP) has seen the biggest gains among top 50 coins rising 42% to $0.46  over the past 24 hours while Stellar (XLM) came in second at 20% to $0.24 in early Friday trading. Other notable increases were seen from Cardano (ADA) at 18% to $0.08 and Qtum (QTUM) at 17% to $3.94. The cryptocurrency market capitalization has risen 15% from $191 billion to $219 billion since Wednesday, as of press time. On Wednesday, top 10 U.S. bank. PNC announced a partnership with San Francisco, Calif.-based Ripple that will involve using XRP tokens for making cross-border and international payments. The financial crypto has been surging since the announcement....

XRP, ADA And XLM Find Promising New Listing

New exchange listings are always good news. By opening out to new exchanges, cryptocurrencies are opened up to new customers and new trading directions, therefore, it is often met with excitement when new tokens are listed on established exchanges. Moreover and possibly even more importantly, exchanges also benefit from these new listings, bringing new customers onto their platform and of course, an increase in trading volume, which means money for them and of course, money for everyone else. OKCoin have recently announced the listing of five major cryptocurrencies, Ripple’s XRP, Cardano’s ADA, Stellar’s XLM, ZCash and 0x. The US based exchange will allow crypto to crypto exchanges made between these tokens and their other listings across the country, but are also allowing special access t...

NANO, BAT, XLM, XVG & EOS, What Makes Them Good Buys For 2019?

 As 2019 approaches, we need to start looking at our options for the next year. If the start of 2018 was anything to go by, the crypto markets could be huge going through January, though as it stands we don’t expect the same level of hype to be drawn into the markets at the start of next year, unfortunately. This doesn’t mean to say that crypto won’t fly in 2019, but it does mean that as things stand, we can’t see us entering the new year with Bitcoin at $20,000.00 so to speak. Even so, 2019 promises to be a great year, one that will introduce further cryptocurrency adoption, regulation and of course, popularity. ‘Cryptonite’ have taken to Hackernoon to discuss their top five investments for 2019, all of which will cost you less than $10.00 per token, therefore we want to explore some of ...

LG To Create Cross Border Payment Solution To Rival XRP And XLM

LG are best known for manufacturing various technology appliances. From televisions to mobile phones, if it’s at the cutting edge of tech then LG have probably manufactured it so therefore, an interest in blockchain technologies and cryptocurrency was always going to be of interest to this firm. A South Korean branch of LG, called LG Uplus, a mobile phone network provider are the first segment of LG to take a big leap onto the blockchain, through the alleged creation of a new cross border payment solution, one that is set to rival other similar solutions provided by Ripple and Stellar. From the outset, the application produced by LG Uplus will allow cross border payments to be made, seamlessly between Japan, Taiwan and the United States, allowing for low cost, efficient money transfers to ...

Stellar (XLM) Finds Bottom, Price Likely To Cross $1 Mark During Q4

Stellar (XLM) is not just another cryptocurrency. It is the future of peer to peer payment. A popular theory at this time in the crypto community is that until recently platforms enjoyed the most success, but in the months to come, cryptocurrency projects with a focus on peer to peer solutions are going to be more successful and widely adopted. Stellar (XLM) is one of those projects. Apart from solid fundamentals, Stellar (XLM) also has a lot of room for growth as far as the price and market cap is concerned. Stellar (XLM) currently has a market cap of $3.8 billion whereas its rival Ripple (XRP) has a market cap of $10.91 billion. The difference might seem unfair when you compare fundamentals of both cryptocurrencies but considering the level of adoption XRP has achieved, it can be conside...

Stellar Exceeds Ripple In The Past Week

Stellar’s native token XLM is one of the few that has been able to keep on its toes and make sure it stays in the green over the past week. Being able to gain over 6.40% within the last 24 hours has put XLM at 1.87% despite some of their competitors being on the double digit negative. XRP is the third biggest cryptocurrency and has recently faced a increase in competition in the crypto space of cross border payments. Stellar has now teamed up with IBM who is an increasingly bigger player in ‘the race to create the most cost-effective, widely adopted cryptocurrency’ on a worldwide scale. https://ethereumworldnews.com/stellar-xlm-usd-outperforms-ripples-xrp-for-the-last-7-days-ignoring-dipping-market/ Several followers of the third best crypto, XRP, have noticed that the price of XLM is slow...

Stellar Buys Out Chain For Interstellar Project

It has been recently announced on Monday that the Stellar Development Foundation has purchased the Blockchain startup, Chain in cash. This has resulted in a whole new formation called Interstellar. Despite rumours floating around for months now, the announcement has finally arrived. Chain’s Crunchbase page has said that the blockchain startup has raised more than $40 million in private capital since it was founded four years ago in 2014. They have worked with companies such as Visa, Citigroup, Nasdaq and more. The startup have described themselves as building “cryptographic ledger systems that make financial services smarter, more secure, and more connected.” The deal between Chain and Stellar was officially finished on 5th September and was first announced by the Blockchain company on 10t...

Are Ripple Competitors Of Stellar?

This may sound like a silly question however, the co-founder of Stellar Jed McCaleb spoke out in a recent interview saying that he doesn’t believe that Ripple are competitors to Stellar and that they don’t even pose a threat to the company. Speaking to journalists that attended the Crypto Finance Conference held in California last night, McCaleb shared his vision for Stellar and where he sees it going as well as outlining his aforementioned views on Ripple. In the context of a discussion on permission blockchains and public, McCaleb said: “In the future there won’t be so much of a divide on these two things… it will be similar to LANs which connect to the larger internet… permissioned chains won’t be able to operate fully as blockchain unless they can interest with permissionless elements ...

XRP Vs XLM, The Race For Cross Border Dominance

 When you think of cross border payment solutions, there are two key projects that should spring to mind with regards to cryptocurrency and blockchain technology. Ripple and Stellar, with their respective currencies XRP and XLM. Both are designed to tackle problems with cross border payments, but only one will find the true, universal solution, right? Is the race truly on? Not yet, both of these projects are working on established technologies that now have a number of large partnerships (namely Ripple and Santander vs Stellar and IBM) but even so, it’s hard to actually see a finish line in this race, therefore it can be assumed that there is a lot of work to be done by both parties before cross border payment dominance can be achieved. The story so far Let’s take a little look at the his...

Stellar (XLM) Awaits Breakout As Price Fails Again To Breach Resistance

Stellar (XLM) seems to be at a stage where it is just waiting for the rest of the market to recover. The weekly chart above for XLM/USD shows that the price has already closed four candles below the 21 Week EMA and could now close the fifth candle below the 21 EMA as well. This means that Stellar (XLM) has had its correction and the price is now range bound, waiting for the rest of the market to recover. Stellar (XLM) has a history of consolidating candles on the weekly time frame before a break out occurs. This break out is very abrupt and aggressive in nature as we have seen in the past. Wave trend analysis for the above chart shows that the price of Stellar (XLM) has moved all it could against the US Dollar (USD) and is now unlikely to fall further. In fact, it is waiting for a market r...

IBM’s New Project Now Utilising Stellar

Tech giant IBM has recently in announced that they are introducing, cut costs, lower transaction times and the Blockchain World Wire (BWW), which is a cross-border payment system aimed to phase out banking intermediaries. The World Wire announcement by IBM will allegedly all clear and settle cross-border payments at the same time and almost in real time. World Wire utilises an intermediary cryptocurrency, such as the Stronghold USD stablecoin and the Stellar protocol. This enables financial in financial institutions to process and settle cross-border payments in just seconds. “The solution uses digital assets to settle transactions – serving as an agreed-upon store of value exchanged between parties – as well as integrating payment instruction messages. It all means funds can now be transf...

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