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Here’s Why Stellar (XLM) Is Owed A 350% Run



Stellar (XLM) is trading at a 10% premium to the price at which it traded this time yesterday (midday US session) but remains down a little more than 67% from highs of $0.86 – levels registered on what has now become an infamous January 4, 2018.

This is one of the coins that we have covered on a couple of occasions in the past and, in our most recent coverage, we compared it to Ripple (XRP) in terms of use case. That is, we suggested that Stellar served as a sort of everyday iteration of Ripple, with the latter providing cross-border transaction functionality to financial institutions and the former serving pretty much exactly the same function but between individuals as opposed to registered entities.

XLM Daily Chart

XLM Daily Chart

In the same vein, we suggested that it has the potential to provide a banking solution and a remittance solution to the billions of individuals globally that, right now, have no access to bank accounts or any real security when it comes to value storage and transfer.

That is, after all, what cryptocurrency (we’re looking at you, bitcoin) was first pitched as being when it hit markets nearly a decade ago.

The question is, however, and especially in the wake of a pretty much across-the-board decline in the cryptocurrency space over the last six weeks or so, just how far can this one go and what sort of timeframes are we looking at when we say that there is real upside potential associated with Stellar and XLM at current rates?

Consider the following.

There is a total supply of a little over 103 billion XLM in place. Right now, the circulating supply comes in at around 18.5 billion. That’s around 17% of total supply currently in circulation.

Compare this to Ripple, which has a total supply just shy of 100 billion and an in-circulation supply just shy of 40 billion (so, around 39%) and current pricing seems pretty much in line between the two coins.

To put this another way, we would expect Ripple to be priced at double XLM right now because there is around double the proportion of overall supply in circulation at the current time.

And it is, pretty much.

That is, of course, when we assume that Stellar has a similar market potential in terms of total market capitalization to Ripple.

Not unreasonable, right?

Well, now consider this.

At its peak, XRP traded for more than $3.50 apiece. That’s a 350% premium to current pricing. At its own peak, however, XLM only traded for around $0.80 apiece – a 122% premium on current prices.

So, let’s assume XRP can run to at least its early January peak within the next few months – a conservative assumption given the fundamental developments we have seen from Ripple over the last few weeks.

Building on the assumption that XLM should track XRP from current prices (and assuming that current levels are buyer-seller balanced, which is reasonable) then we could (and should) see XLM run at least 350% during the coming months.

A 350% premium on current prices puts XLM at $1.70.

All this, of course, only assumes that prices of Ripple reach highs that have already been reached within the last six weeks or so. If the wider market turns around and manages to attract a bit of speculative volume, any break of previous highs will almost immediately translate to a sustained run which, in turn, could push XLM to $2 pretty much immediately.

We will be updating our subscribers as soon as we know more. For the latest on XLM, sign up below!

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.

Image courtesy of Stellar.


META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects



Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service



TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How Can Foreigners Get Loans in Singapore



loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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