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Here’s Why You’d Be Foolish To Ignore Stellar (XLM)

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Stellar (XLM) is trading at less than $0.33 a piece. At the start of January, the same coin went for more than $0.85. That’s a collapse of 61% in around four weeks. This is far from XLM-specific, of course – the wider crypto markets have taken a similar (and, in many cases, a more pronounced) hit.

Of those coins that have corrected, however, a handful are set to take off once the market turns around.

And for us, Stellar’s Lumen is one of this bunch of winners.

When it comes to valuing a cryptocurrency, markets are pretty heavily divided. The aggregation sites normally list by market cap but we all know that this is pretty useless since all a coin has to do to increase its market cap is to increase supply. We’re not trading equities here, where a market will revalue to accommodate a fresh injection of shares, we’re talking crypto.

What we like to base our valuation on is a combination of three inputs.

The first, the team behind the coin. The second, the real world use cases of the coin and/or the technology with which it’s associated. The third, the community.

So, against these metrics, how does Lumen perform?

Well, we wouldn’t be discussing it here if it didn’t score highly on each point, but let’s get a little more specific.

First, the team.

The guy to focus on here is Jed McCaleb, who is listed as a ‘Stellar Developer’ on the company’s about section of its website. He’s much more than that, however. He founded the Stellar Development Foundation having left Ripple (XLM), which he also founded and (and this is something many people don’t know) he also founded Mt. Gox. Sure, Mt. Gox is now something of a black spot on crypto history, but at its peak, it was the number one entity in the space and McCaleb was no longer involved at the point when things started to go bad.

In other words, he’s been involved in two of the biggest projects in crypto before he created his third, Stellar.

The advisory board is just as strong. Patrick Collison CEO of Stripe; Matt Mullenweg, Founder of WordPress.com; Sam Altman, President of Y Combinator; and Naval Ravikant, Founder of AngelList all feature in advisory roles.

That’s the board, what about the real world use cases?

Well, this is where Stellar is leagues ahead of some of its peers. It’s essentially doing what bitcoin set out to do – bring a decentralized payment network into the mainstream that connects people to low-cost financial services. It’s crypto for the unbanked but also crypto for the banked that don’t want banks. An everyman’s crypto.

Finally, the community.

You’ve only got to take a look at the primary social channels to get a feel for the incredible community that’s behind this one. Close to 70,000 users follow the company’s SubReddit. The company has 200,000 followers on Twitter. And these guys and girls are very active in the community’s they represent.

To bring all this together, in XLM you’ve got a coin that fuels a technology that has the potential to finally bring to the table what bitcoin and others have tried (and so far failed) to, led by a team of industry leaders and incumbents, all of which is supported by hundreds of thousand strong community of enthusiasts – many of which hold XLM as representative of their support.

When this market turns, and it will, the coins that check each of these boxes are going to be not just the short-term winners but the long-term growth coins of the sector.

Don’t ignore XLM right now.

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

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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