Connect with us

Altcoins

Stellar (XLM) poised to see massive gains next year, here’re the reasons why

Published

on

Stellar
READ LATER - DOWNLOAD THIS POST AS PDF

Have you seen Stellar Lumen’s (XLM) logo? It’s a rocket heading for the sky.

It just so happens that Stellar Lumens has been gathering a lot of momentum over the last year, so next year we could really see its native token (called XLM) reach for the sky and beyond. In this article, we tell you the reasons why.

Interstellar

This is the result of a partnership between Stellar Lumens and Chain, which already boasted a lot of important partners such as NASDAQ, Citigroup or Visa.

It’s the for-profit arm of the Stellar Lumens project, and they’re already working with Chain’s partners in applying the blockchain technology in many different ways such as decentralized, smart information systems and payments across borders.

The rise of the Security Tokens

Many blockchain projects have financed themselves through ICO’s. This practice may disappear soon because it creates all kinds of problems with financial regulations in many countries around the globe. The new alternative will be the SCO, which will be based in “security tokens” that already exist and can be circulated at once. This gives Stellar an important advantage over other tokens.

IBM

Not enough is said about IBM and Stellar. IBM has a lot of interest in blockchain technology. They are currently pursuing more than 500 blockchain projects around the planet, and their blockchain of choice is none other than Stellar Lumens.

If that wasn’t enough, one of Stellar’s use cases is to eliminate friction from international transfers among banks, and IBM is already working with about 90% of the world’s banks in one way or the other. This gives Stellar a privileged position when it comes to securing partnerships in the financial world.

Starlight

Starlight is an instant payments channel. It’s deployed over the Interstellar network, and it uses XLM as a mediating currency to settle payments across borders. It’s quick, it’s safe, and it charges no transfer fees. It’s Ripple’s worst nightmare. This service will increase demand and usefulness for the XLM coin which, in turn, will drive its price up in exchanges.

Stellar X

It will be a new cryptocurrency exchange that will feature several innovations. First of all, it’s going to run on the Stellar blockchain which means it’s going to be 100% decentralized, which is not the case yet for most exchanges and trading platforms.

Second of all, it will probably adopt XLM as a base currency which will create demand. But even if XLM is not the base coin for the platform, it will earn a lot of attention that will also create demand.

Bakkt

This is one of the most interesting projects in the cryptosphere, and it could go live as early as next week (but don’t quote us on that).

This will be a cryptocurrency exchange created by a partnership between Microsoft, Starbucks, and ICE (which is the New York Stock Exchange’s parent company). You don’t get much bigger names in the world’s capitalist economy.

Bakkt will offer several financial services based in several cryptocurrencies (mainly Bitcoin), but its main aim is to take advantage of digital assets in the real world. In other words: Starbucks wants you to be able to pay for you latté using your bitcoins.

While this is not a development exclusive to Stellar Lumens, as are the others above, it will give the cryptosphere a lot of momentum, credibility, and usefulness, and Stellar will profit from that more than other coins because it already has many proven use cases.

So keep an eye out for Stellar Lumens (XLM) next year (and beyond, of course). You might just be surprised.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

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.

Image courtesy of Flickr

Altcoins

Top 3 Cryptos to Serve as an Alternative to Bitcoin

Published

on

cryptos
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto market continues to struggle on its way of reaching mass adoption, with most people focusing on Bitcoin. However, Bitcoin still has its fair share of problems, a few of which are quite challenging, with no guarantee that they will ever be fully solved.

While Bitcoin is, and has been the largest cryptocurrency from the moment it was created, there is no guarantee that it will remain at the number one spot forever. While this is mostly what skeptics tend to say, it is still a possibility that cannot be ignored. With that in mind, here are top 3 cryptos that might serve as an alternative to Bitcoin in the future, or maybe even now, considering how high its fees are, and how long its waiting periods tend to be.

1. XRP

XRP has become known as a ‘remittance coin’ due to its goal of providing better, faster, and cheaper international transactions. It was created by a company called Ripple Labs, and so far, it has been one of the best ways for sending money cross-border. It works in combination with Ripple’s products such as xRapid, fueling it and allowing for near-instant transactions at low fees.

The company has decided to offer its products to banks around the world, and most of the financial institutions decided to accept the offer. This is their way of trying to…

Continue Reading

Altcoins

Why HODLing XRP, BAT, and EOS is a Smart Idea

Published

on

HODLing
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto market continues to grow, even though the prices of its many coins were severely damaged during the so-called ‘crypto winter’ of 2018. Even so, the market has grown a lot, and it currently features over 2,100 digital currencies, all parts of their own projects, with a goal of making an impact and entering the mainstream.

Of course, it goes without saying that not a lot of these coins have real potential. Many of them came to be during the ICO craze of 2017 and early 2018 when investors were willing to buy just about any coin. As a result, new startups emerged, each offering its own cryptocurrency. Most of these coins are believed to be bad projects with no future, with only a matter of time before they are declared ‘dead.’

However, there are several coins out there which are worthy of investing in, as well as HODLing on to them. Three such coins that we will focus on today are XRP, Basic Attention Token (BAT), and EOS.

XRP

Let’s start with XRP. This is a coin created by a company called Ripple Labs. As a result, the coin has a strong connection to the company, which many have taken as proof that it is not a real cryptocurrency, that it is centralized, and that it will eventually fade away as a bad project.…

Continue Reading

Altcoins

Why XRP is Worth Much Less than What Fans Expect

Published

on

XRP
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto world is currently facing an uncertain situation as a result of XRP value. Many fans of the digital currency are arguing that the worth should be higher than what it now. A poll taken by Twitter this year showed that 80% of the participants want XRP to be higher than Ethereum. The participant preferred the digital currency to occupy the second largest position against what experts thought. Since XRP has not offered much to improve its reputation, the participant’s reaction was surprising indeed.

From what we have seen so far, one question to ask is, why does the cryptocurrency have many supporters? The simple answer is that Ripple focuses on offering remittance services to its fans more than other digital currency. The company offers many products of which one known as xRapid a cross-border payment service impress many supporters.

Why Fans expect an increase in value

Weiss Ratings did not hide the fact that their agency is not supporting Ripple. However, they admitted that the global payment platforms which the cryptocurrency created are commendable. This commendation proves that Ripple has been impactful in that area of blockchain tech application. Also, the players in the community have seen these achievements as well. Therefore, it is not a surprise that they expect an improvement in the market cap and price of XRP

Many people have raised arguments…

Continue Reading

Elite