Hot Topics
Coin Gecko

Advertisement

Advertisement

Stellar (XLM) Nosedives Below 200 Day MA, Eyes A Decline Below $0.12

Stellar Lumens (XLM) has just nosedived below the 200 day moving average and is now likely to decline all the way towards the 50 day moving average and eventually lower to test the next support. The daily chart for XLM/USD shows that the price has failed to close above the resistance at $0.147. It did paint a wick well above it but the daily candle ended up closing below that level soon afterwards. RSI on the daily time frame points to increasing risk of a sharp decline at least below the $0.12 mark and very likely below $0.10 as the...

Read More

Stellar: Does Anyone Really Care Anymore?

The Ripple hardfork that Jed McCaleb and Joyce Kim initially released in July 2014, Stellar went down at the end of last week but the thing is, no one really cared? The founder of Post Oak Labs, Tim Swanson first brought up the network being down last week in a tweet (see below) and a representative from Stellar later confirmed its occurrence. Breaking: yesterday the Stellar network went down for about 2 hours... only those who run validators noticed it.no new transactions were added for ~2 hours.network stats:https://t.co/eSRYFPjDQi — Tim Swanson (@ofnumbers) May 16, 2019 Very few people noticed it...

Read More

Stellar Lumens (XLM) Caught Between Rock And A Hard Place

Stellar Lumens (XLM) is caught between rock and a hard place. The cryptocurrency is lagging behind even Ethereum (ETH) while Bitcoin (BTC) is up more than 6%. XLM/USD ran into the 21 day EMA and faced a strong rejection. It rallied after find a strong support atop the 61.8% Fib extension level. The price was stopped on the way towards a retest of the 38.2% fib level. This has put Stellar (XLM) in a difficult situation and it is not clear yet which way the price will swing. Even if it breaks above the 21 day EMA, it is still...

Read More

Stellar (XLM) Faces Rejection At 21 Day EMA, Price Has Yet To Form Golden Cross

Stellar Lumens (XLM) has just faced a strong resistance at the 21 day exponential moving average. While this means that the price is exhibiting some weakness short term, it is still likely that we will see a golden cross on XLM/USD come to fruition. That being said, XLM/USD has now formed three lower highs and two lower lows since the beginning of last month. The RSI and Stochastic indicators show that there is plenty of room for a rally to the upside. Stellar (XLM) has recently made a lot of independent moves and is now also listed on Coinbase. Interest...

Read More

Stablecoin Popularity Increased as 26 New Tokens are Launched on Stellar

It seems that stablecoins are the new fad which are taking on a world of their own in the crypto space. They can be tied to either fiat currencies or physical assets like gold. Recently though, Tether has started to make some noise by bringing its USDT onto the TRON blockchain. Now though Forbes has reported that the UK-based crypto startup Wirex is launching as many as 26 new stablecoins which are to be backed by different fiat currencies and will be all based on the Stellar blockchain. According to the co-founder of Wirex, Jed McCaleb, stablecoins are able to...

Read More