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Ripple (XRP) bullish trend stops but Stellar (XLM) keeps mooning

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Ripple Stellar

There have been significant happenings in the crypto sphere lately. The crypto market had a big bull last week which saw most of the altcoins increasing by significant percentages. Ripple (XRP) increased by 64% within a week, which saw it go above Ethereum.

The bullish trend of XRP has moved a bit downwards; nevertheless, the crypto is still trading in green as its valued got increased by 1.21% in the last 24 hours. But in the wake of this, Stellar (XLM) has increased by 21% again over the previous 24 hours.

Concerning Stellar (XLM), Stellar is a blockchain network that was created on Ripple’s protocol. Although, Stellar is a lot more different from Ripple, being that it targets developing markets in place of banking systems. Stellar makes use of a quorum which makes it distinct from other digital currencies.

Recent Happenings with Stellar (XLM)

Recently, it was revealed that the crypto startup supported by Goldman Sachs, Circle will list four more cryptocurrencies to its platform. The startup said that the listing would be based on cryptocurrencies that gained lots of profits within a year. Through a post by the SVP head, Divya Agarwalla, it was declared that Stellar, Ox, EOS, and QUTM would be listed on the platform.

It is essential to know that this declaration didn’t have that massive effect on the prices of these four cryptocurrencies – but benefiting more than the others, Stellar (XLM) has increased by more than 20% in less than 48 hours. Concerning the post by Circle’s head of SVP, this will make the count of cryptos added to Circle to be eleven.

Stellar (XLM) will now be part of Circle’s platform in the next few days; this will allow crypto enthusiasts get close to not only on Stellar (XLM) but the other cryptocurrencies.

More importantly, Agarwalla further added that the inclusion of the four cryptocurrencies was also due to “their potential to contribute powerful infrastructure to the broader crypto ecosystem.” He also added this,

As we introduce new crypto assets, we also recognize the need to educate our customers and bring clarity to this fascinating, yet complex asset class… Accompanied with our simple user experience, this easy to understand content will serve to further our mission of bringing crypto mainstream.”

On other recent happenings, a mobile branch of LG is allegedly considering to partner with cryptocurrencies such as Ripple (XRP) and Stella (XLM) to enhance its cross-border payments. It is necessary to note that this mobile service will begin next year and it will make use of cross-carrier payment system.

Stellar (XLM) Market Activity

At the time of writing, XLM stands at $0.2844. It has a market capitalization of $5,344,229,821, with a trading volume of $296,415,957. In the last 24 hours, Stellar (XLM) price increased by 21%. In 7 days, XLM increased by 38.8%, in 2 weeks, it increased by 45.7%.

The last time when XLM traded at this rate was in the first week of August. Nevertheless, the market seems to be recovering from the dips it has been experiencing for quite some time now. The total market capitalization is currently above $220 Billion as a result of the recent bull-run. Nonetheless, Stellar (XLM) holders will be hoping that their favorite reaches its all-time high of $0.875563 before the year ends.

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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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Unsplash

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3 Reasons Why WISE Token Could Be a Massive Winner in 2021

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WISE token

After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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Lotto Nation is Revolutionizing the Traditional Lottery Industry

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Lotto Nation

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of this, there is essentially no oversight on what a lottery provider…

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

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Aluna.Social

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, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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