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A bunch of bulls pushing Stellar Lumens XLM forward

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Stellar XLM
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The cryptocurrency market has been bearish and depressed for most of the year. Very few assets have managed to remain stable, and most have lost a lot of value over the last seven months. That’s why Stellar Lumen’s XLM‘s performance during July stands out above almost every other coin. It went up to sixth place by market capitalization, taking Litecoin‘s place. It’s one of the few (probably the only) token that grew in value last month which is no mean feat.

A series of exciting news have driven XLM’s growth and, unlike Tron’s equally great news over the month, Stellar’s have translated into market performance. Let’s review the events and partnerships that have propped Stellar’s recent success.

Satoshipay

It’s a micropayment network that aims to create monetization opportunities for artists and other content creators. It’s been around since 2014 when it was founded in Berlin, Germany and it’s found a way to get enough funding and to achieve a decent degree of success. The critical fact is that Satoshipay uses only the XLM token to process and settle payments.

On top of that, last month, on July 26th specifically, it announced it was getting ready to issue an IPO, so a lot of expectation is building up around both Satoshipay and Stellar Lumens.

Stronghold USD

This is a project by IBM to issue a cryptocurrency that will be backed up by actual dollars as well as Stellar’s network. This project has created a lot of hype because it intends to create a stable currency and because IBM, the tech giant that has been behind so many previous technological revolutions, is supporting it. Even before that IBM announced Stellar to be its blockchain of choice and it seems that every crypto project that could involve IBM will involve Stellar as well.

TransferTo

Only two years ago it was a startup. It’s a cross-border digital payment service which has built a vast global network (150 countries already) in a remarkably short amount of time. TransferTo has chosen Stellar as the network (and coin) to improve its international payments system. They aim to make it quicker, safer, cheaper. This partnership is probably one of Ripple’s nightmares.

Coinbase

This is one that must be taken a bit carefully. Coinbase is not listing Stellar, at least not yet. But it announced that it is studying the possibility of listing it in the future if they like it. Coinbase’s announcement was exceedingly careful and ambiguous but the fact that they announced they would consider XLM for listing before XRP aroused a lot of excitement among Stellar fans and it brought the price up right away.

Tempo

You can think about Tempo as the European Western Union. It’s a remittance service with a massive presence in Europe, Latin America and Africa. They have also chosen XLM to be the means to settle their international transactions.

This is probably the most significant news from all because unlike the other companies that have partnered up with Stellar (except IBM), Tempo is the one that indeed is an established giant within its business. There’s even been talk about Tempo issuing a debit card based on Stellar so that you can use your cryptocurrency to, say, buy groceries.

And all that happened in only two weeks. If Stellar (XLM) can keep up the lightning pace at which it is securing so many critical strategic partnerships, it won’t stay at sixth for too long. It could even become a player for crypto’s more prominent players, and it will keep having great performances in many more months to come.

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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.

Image courtesy of Maxpixel.net

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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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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