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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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Elite