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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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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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