Is it a Good Idea to Buy Stellar Right Now? - Global Coin Report
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Is it a Good Idea to Buy Stellar Right Now?

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Stellar

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.

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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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3 Reasons Why WISE Token Could Be a Massive Winner in 2021

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WISE token

After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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Lotto Nation is Revolutionizing the Traditional Lottery Industry

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Lotto Nation

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of this, there is essentially no oversight on what a lottery provider…

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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