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New Hope for Stellar Lumens (XLM)

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Stellar Lumens
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So far, 2018 has been a strange year for cryptocurrencies. Whenever they made some progress, interestingly enough, a new hardship followed. Still, a lot of them managed to bounce back whenever things got complicated, and Stellar Lumens (XLM) is definitely one of them. In fact, a lot of experts believe that this crypto has a lot of potentials to bloom by the end of the year, so let’s see why.

Stellar Lumens (XLM)

Stellar is a crypto that has been around for a while when considering crypto-age. It was launched back in 2014, and it uses an entire network of decentralized servers for maintaining its operations.

Stellar is a crypto that has always been ‘around’, but never received that much attention, until this year, when he climbed to the rank of 7th according to CoinMarketCap. Just like all the other cryptos, its price suffered a great loss at the beginning of the year, and it currently sits at $0.193173.

Despite this, Stellar continued to fight the good fight, and the crypto continues on its way to the ultimate goal – the replacement of traditional money with cryptos. In return, it offers speed, scalability, extremely low fees, and has a very solid framework.

A lot of others have noticed its potential as well, one of the biggest names among them being the KIN Foundation. KIN seems to have been very impressed with Stellar’s scalability solutions, considering that they announced a hard fork on Stellar’s very own blockchain. This will help solve a lot of company’s problems, and would even expose Stellar even more in the process. Cryptos are never the ones to say no to building a reputation, so this will be a good deal for XLM.

Stellar Partnerships

KIN is not the only one interested in Stellar, and one of its largest, if not THE largest partnerships include IBM (International Business Machines). And, while this partnership is not exactly new, it is very beneficial, especially after the announcement came that both parties will team up with Veridium Labs. This team-up was proposed so that the carbon credits can be introduced. This will represent the first token for IBM, and it will be on a public network. That being said, it will still not be available for public use.

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Additionally, Stellar is also a crypto chosen by BloomX, and the plan that BloomX came up with includes providing an online platform for Money Services Businesses. The reason why they have chosen to work with XLM on this is that it is simple to use, extremely scalable, cheap, and very fast. So, following the integration, XLM will actually be the one who will process all of the transactions coming in and out of BloomX. Not bad for a crypto, especially the one that wasn’t under the microscope like some of the bigger ones out there were.

What will happen to XLM price?

Considering the ups and downs of the market this year, which were more often and stronger than ever before, it is relatively difficult to determine which crypto will come up on top, and which ones will disappear. Even so, Stellar is not going anywhere anytime soon. This is the coin that has actually managed to endure the market’s sudden mood shifts quite well, and many believe that the new progress will allow it to climb up to $1 per coin by the end of the year.

Additionally, there is always a chance that cryptos will advance in their fight to conquer even faster, and that the most countries will start turning towards them sooner, rather than later. This might help increase XLM’s price even further.

The fact that Stellar’s price is currently low is something that should be taken advantage of, especially considering that a lot of experts truly believe that it has a potential to reach $3 soon enough. It is true that you can never know what will happen when it comes to cryptos, but if Stellar’s new partnerships and stability that it has demonstrated can indicate anything, it is that this digital currency is strong and capable of enduring even the harshest of times.

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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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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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Altcoins

Litecoin Cash (LCC): The potential mover?

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Litecoin Cash
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Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

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Altcoins

The Stage is Set for Stellar XLM vs XRP

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XLM vs XRP
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The digital asset of XRP, did something spectacular on the 18th of September when it shocked the crypto-markets by rising in value by 21%. In a time period that was less than 5 hours, XRP spiked from levels of $0.273 to those of $0.332 and has continued rising. The digital asset is currently valued at $0.36.

xRapid Factor

The reason for the sharp increment in value of XRP was news that the Ripple company was going to launch xRapid in the next month or so. This was after the firm’s head of Regulatory relations for Asia-Pacific and the Middle East, Sagar Sarabhai, made the following comments during a CNBC interview on the 17th of September:

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.”

Stellar’s Cross-Border Payments

The news of Ripple launching xRapid has come 2 weeks after the Stellar project and IBM, announced that they were entering the industry of cross-border payments through their new service known as IBM Blockchain World-Wire. The new payment settlement service has been quoted as being ‘near instant’ meaning that it will probably rival the transactions time seen in the xRapid pilot tests of 2 – 3 minutes earlier on in the year.

Stellar Acquiring Chain

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