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Is it a Good Idea to Buy Stellar Right Now?

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Stellar
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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.

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

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Aluna.Social
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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,…

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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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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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