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3 Reasons a new Stellar rally might be just around the corner

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Stellar
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As like most of the cryptocurrencies, it has been good last 24 hours for Stellar (XLM) too, as it performs well in the market. Jumping by $0.025 or 6.81% and moving within touch of $0.4 level, the digital currency this week marked a new recent high.

Stellar Lumen is trading and can be purchased for about $0.3835 against the dollar or 0.000041 BTC on exchanges that include the likes of Ripplefox, Kraken, Mr. Exchange, and Bitcoin Indonesia.

Over the last week, Stellar Lumen’s trade went up 31.8% against the dollar and was seen to be the best performing coin among the unicorn digital currency group. Stellar XLM has a total market cap of $6.85 billion, and during the Asian trading hours, the digital currency trade volumes went as high as $79 million worth of Stellar. The genesis date of Stellar Lumen (XLM) was July 19th, 2013. Its circulating supply is 18,569,653,891 coins and its total supply is 103,867,241,052 digital coins.

Ranked as the 8th most important currency in the crypto market, Stellar (XLM) is a public infrastructure for money and has proof types and operates under algorithm. For a month, XLM coins have gone up close to 70% from $0.24 for coin leading other digital currencies like OMG, NEM, XMR, IOTA, and ADA.

But, what might be the reasons behind Stellar Lumen’s (XLM) merriment before the end of April?

Analysts believe several reasons might be behind XLM steady rise but the most notable one is considered to be the critical collaboration of the coin with IBM, Novatti, and other major companies. With the partnership with Novatti, a payment service provider, XLM increases the prospectors of interoperability between diverse financial currencies and systems having XLM as the primary cryptocurrency for international payments.Thus, making this coin a good investment.

The digital money enables transactions between people, companies, and other institutions as easy as sending an email. This means easy access for individuals, more revenues for firms, and lower transaction costs. But, here I’d like to pinpoint deeper as to why the new rally for Stellar is highly possible. So, positive activities that are propelling Stellar towards the positive direction include: –

Stellar Inflation Pool

XLM does not use proof-of-stake like Casper POS implementation as Ethereum and Bitcoin do. The digital coin also does not use a dividend reward system. So, how do you receive rewards? The answer is inflation. Recently, XLM announced the distribution of 100,000 digital coins weekly to its members. Distribution of fees and inflation used in the member’s community is based on the voting powers they possess by looking at the number of XLM Lumens the individual owns.

The distribution of the Lumens is done free of charge requiring the account holder to only have Lumens in their account. You can Join an XLM Inflation Pool by using various wallets that are partnering with Stellar. With such a community-friendly thing going on, we can only except the good things to happen with this coin.

Lobstr Wallet

The announcement by Lobstr wallet that they would be supporting XLM assets has made the cryptocurrency community excited. After joining and setting up a wallet account and depositing Lumens, users will be able to send and receive different digital coins on the platform.

A number of tradeable currencies that could be available include KIN, Smartlands, Ternio, and Mobius. Although not yet released, the Lobstr wallet will be open and accessible on Android, and IOS gadgets leading to high anticipation and increased interest towards the coin.

Repo Coin Airdrop

The Repo Coin is a platform that uses XLM protocol for token operation as a substitute of the traditional ERC20. The main aim of Repo Coin is to solve issues relating to non-payment and insecurities by debtors towards lending companies with the aid of technology and business solutions. Like the XLM program, account holders need to have a minimum of 3 XLM in their wallets (not at an exchange, though) to qualify to participate in the airdrop. By participating, it sets them to get $100 worth of Repo digital coin.

Consequently, the three events I discussed above have got the exceptional potential to get new investors on board with Stellar (XRM). All indications show that if the market remains the same and all factors constant; this should be the beginning of high trade volumes and steady climb for the coin.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Blogs

Reasons Why 2019 May Be A Great Year For Crypto

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crypto
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The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

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3 Coins with the Largest Potential in 2019

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coins
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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

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Do or Die: 3 Crypto Projects that Really Need to Deliver Soon

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crypto projects
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Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.

The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.

However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.

1) Ethereum (ETH)

Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…

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