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

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Stellar
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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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