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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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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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