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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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My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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3 Reasons Why Liquidity Dividends Protocol (LID) Will Be a Huge Winner

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Liquidity Dividends Protocol

Since 2017, cryptocurrency has experienced both the crazy highs and the crazy lows with fortunes being made and lost overnight.  That volatility is one of the main reasons why cryptocurrency has been relatively slow to gain mass adoption.  In addition to volatility, another concern for many is the lack of security and regulation in the market.  This can be seen through the countless exchange hacks and rug pulls that seem to occur on a weekly basis.  In order for cryptocurrency to move into the next stage of maturity and bring on mass adoption, investors and users will need to feel secure knowing that their funds are safe.  One promising organization that may have the perfect solution is Liquidity Dividends Protocol (LID).

What is Liquidity Dividends Protocol?

Liquidity Dividends Protocol is an up and coming organization that provides locked liquidity services to cryptocurrency projects that launch their offerings through ERC-20 tokens.  It lets non-custodial pre-sales lock liquidity of a token in a trustless manner through Uniswap.  This locking process will prevent every investor’s worst nightmare of seeing their hard-earned money disappear through “rug pull” scams that are designed to remove liquidity out of DeFi projects.

This year has seen an explosion of interest in Uniswap and DeFi projects.  Many investors have generated enormous returns on investments, but many have experienced the pain of being duped.  Below are three reasons why LID Protocol is poised to be a massive winner in…

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