Connect with us

Altcoins

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

Published

on

Ripple Stellar
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For the latest cryptocurrency news, join our Telegram!

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

Altcoins

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

Published

on

Aluna.Social
READ LATER - DOWNLOAD THIS POST AS PDF

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,…

Continue Reading

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

Continue Reading

Altcoins

Can Libra help the crypto industry to reach new heights?

Published

on

Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
READ LATER - DOWNLOAD THIS POST AS PDF

The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

Continue Reading

Press Release