Connect with us

Altcoins

Is it a Good Idea to Buy Stellar Right Now?

Published

on

Stellar
READ LATER - DOWNLOAD THIS POST AS PDF

Stellar (XLM) has been one of the most competitive long-lasting tokens for years now. The coin was originally launched as far back as in 2014, which makes it older even than Ethereum. For half a decade, the coin was near the top, serving as one of the fastest cryptocurrencies to date. With a reputation like that, it is immediately clear why investors tend to put their faith into this coin.

However, time flies by in the crypto space, and things can change pretty quickly, including trends, reputations, and even position. Because of that, it is not surprising that Stellar investors and enthusiasts wish to know if the coin is still a good choice when it comes to buying or HODLing.

Is it time to buy Stellar?

As many already know, there are several significant factors that may serve as an indication of how the coin is doing at any given time. The first factor includes short-term trends, which can be either bullish or bearish. The crypto market experiences them all the time, and they usually take place for a while, only to swiftly be replaced. In 2018, the bearish trend has established clear dominance, and cryptos have lost a lot of their earlier value as a result.

Because of that, the coins are currently mostly believed to be underpriced, which is why selling them now will not make much of a profit. However, the same low value might be perfect for those who wish to invest in them.

The second factor worthy of consideration in Stellar’s case is its inability to move away from its trading price of $0.1. While true for XLM, the situation is equally as bad when it comes to most other coins. While this does mean that Stellar is successfully maintaining some level of stability, investors would likely still prefer it if the coin managed to break out and experience a proper surge.

So far, however, Stellar was unable to make such a move, and its price is usually somewhere between $0.09 and $0.15. At the time of writing, XLM value stands at $0.13, and it currently holds the 6th position on the list of largest cryptos, after EOS recently took over the 5th spot.

Another thing to consider is the coin’s trading volume, which has also seen some stability in Stellar’s case. Because of this, it appears that the project is not attracting new traders currently, which may be seen as a negative development by long-term investors. This situation has been a constant for over a month now, since Stellar briefly overtook EOS’ 5th position on November 13th.

Conclusion

Stellar (XLM) is one of the fastest, oldest, and highest-ranking crypto projects. It can offer stability, great speeds, and more than a decent market cap. Its price is somewhat bound at the moment, although many investors believe that the next bull run might help XLM reach new heights. Whether or not this will happen remains to be seen, and experts predict that something like this might happen in early 2019.

Optimistic investors might want to consider investing in the coin while it is low-priced, as the crypto space remains unpredictable, and the value of any coin can surge without warning at any time.

For real-time trade alerts and a breakdown of the crypto markets, sign up for Elite membership!

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 Pexels

Altcoins

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

Published

on

altcoins
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

Continue Reading

Altcoins

Why Binance May Be Crucial for Tron (Trx) to Reach $1

Published

on

TRON
READ LATER - DOWNLOAD THIS POST AS PDF

TRON (TRX) has been one of the most popular crypto projects in the past year. The coin has received a lot of attention from the entire crypto community, and although the impressions may differ —  the fact is that TRX is one of the most talked-about coins, even today.

However, while the project managed to achieve a lot in less than a year — launch its MainNet, start multiple massive projects, launch dozens of dApps, hundreds of smart contracts, its own DEX, new token, and more — its price remains quite low. Undoubtedly, one of the reasons for this is its massive supply. TRX circulating supply is over 66 billion coins, while the total supply is over 99 billion.

Even so, the coin is believed to be massively undervalued, with its current price sitting at $0.028129, according to TradingView. This price, together with a market cap of $1.88 billion, pushed the coin out of the list of top 10 largest cryptocurrencies, and it currently sits at 11th spot. But, many believe that this is not a permanent position for TRON. In fact, its community believes that it is only a matter of time before TRON rises through the ranks, and its price hits $1. And, the way for the coin to achieve this is believed to be through Binance.

TRON and Binance

Binance is one of the world’s…

Continue Reading

Altcoins

Why Tron (TRX) Price Won’t Remain Low for Long

Published

on

TRX
READ LATER - DOWNLOAD THIS POST AS PDF

TRON (TRX) has been one of the most popular cryptocurrencies in recent years. The project has achieved a tremendous amount of success in less than a year, and while the first birthday of its MainNet is approaching, TRON certainly continues to impress to this day.

With that said, its price is still noticeably low, and many would agree that the project is heavily undervalued. The low price even allowed other projects to push it out of the top 10 list, with TRX currently being the 11th largest cryptocurrency by market cap. However, it is likely that TRON will not remain undervalued forever, and that its price might soon see a surge that its entire community has been waiting for, for a long time now.

Why TRX might see growth soon

As many undoubtedly know, TRON is a lot more than just a cryptocurrency. It has developed a massive ecosystem, which offers a development platform for coins, smart contracts, and dApps. It also acquired BitTorrent last year for its Project Atlas, which will allow torrent users to earn crypto through participation in content sharing.

For this purpose, it also launched BitTorrent (BTT) token, which saw its launch on January 28, 2019 on Binance Launchpad. This was dubbed the most successful ICO in history at the time, although several coins launched since then have broken its record.

In addition,…

Continue Reading

Elite