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4 Reasons Stellar (XLM) Will Reach $1 Sooner Than You Think

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It is self-evident that the crypto-markets are going through some rough times with the total market capitalization having lost approximately 20% in a single week. Bitcoin (BTC), being the King Of Crypto, has dropped from February levels of $11,500 to current levels of $7,300. The BTC drop has also affected all the other cryptocurrencies including Stellar (XLM). The coin is currently valued at $0.274. However, XLM has seen better days in early January when it was valued at $0.91.

$0.91 per XLM in January

So why will XLM make it to $1?

To begin with, and observing the graph above, the rise to $0.91 was not gradual, but rather a spike over 3 or 4 days that began on December 20th when XLM was valued at $0.21. Back in December and January, the crypto-markets were experiencing some exciting times due to the entry of new individual and institutional traders. The latter happening with the offering of BTC Futures on December 17th.

A similar rally is expected when BTC bottoms out at around $5,500 to $5,700 somewhere in mid to late June. Therefore, XLM could be headed for a big ride also.

A second reason why XLM will make it to $1, is the current relationship the project has with IBM. The Stellar blockchain will be used to launch a token that will help track carbon credits. This means that XLM will gather the global attention of the said large institutions that deal with large carbon emissions through their day to day operations. Most of these firms are on the Fortune 500 list and also keen on new investment avenues.

The third reason, and still on IBM, is that the latter currently has 9 XLM nodes to aid in the cross-border settlement of payments across the globe. XLM is used in the inner workings of the service as a way of sourcing instant liquidity that is then converted to regular fiat at both ends of the transaction. Also on the issue of financial services, several global central banks have expressed interest in launching their own cryptocurrencies on the Stellar blockchain.

The fourth and not exactly the last reason for XLM to rally to $1, is the recent partnership XLM has with the Kin (KIN) project. The team at Kin has decided to fork the XLM blockchain to provide a hybrid solution to its platform. This will allow the Kin ecosystem to be faster, more efficient and with low transaction fees. The use of the Stellar blockchain by Kin will also lead to more projects opting for Stellar to the other options out there such as Ethereum.

In conclusion, the above four outlined reasons will be a contributing factor to XLM reaching the much anticipated $1 value later this year. All we have to do is wait and let the current market decline to bottom out with expectations of a rally afterward.

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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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