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Stellar (XLM) Has Enormous Potential

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This entire bearish week Stellar (XLM) has spiked people’s interest. It continues to show signs of reversal against its BTC pairing after suffering a 4-month long bearish trend.

Stellar (XLM) was one of the strongest altcoins ranked within top 10 at CoinMarketCap at the time when Bitcoin showed indications hitting above $7000. Other altcoins rose with the same audacity not just in terms of dollars but also in BTC prices. With the possibility of future ICOs choosing stellar, the community and most analysts believe that Stellar might soon overpower Ethereum. Read further to understand how Stellar is gaining big while outperforming other top 10 altcoins.

Stellar’s Current Standing:

One of the major gainers since the start of April has been Stellar which has shown a constant positive advance of nearly 10%. At the time of its peak (recorded on 4th April), each Stellar Lumen cost $0.23 and its total market capital rested at $4.33 Billion. Stellar is expected to show a bullish uptrend soon when bitcoin shows the green signal. With Stellar constantly in the news, there is the possibility of it being a bull leader in near future. Even at the time of writing, the price per token remains at $0.22.

Stellar Live on IBM Blockchain:

We’re all aware of the fact that IBM, one of the world’s major tech giants is eyeing blockchain technology. The company expects to accomplish great things by making use of their recent Blockchain Platform Strategy. IBM took the biggest step in the crypto world when they announced that Stellar Lumens are being used in a real-world environment for the company’s blockchain solutions. It took the cryptocurrency markets by surprise since this announcement that Stellar Lumens will be used as Bridge Asset on IBM blockchain, exceeded even the wildest guesses anyone could make.

Collaboration with Central Banks:

There’s a high possibility of central banks to test and then employ stellar for issuing fiat-supported cryptocurrencies. The head of blockchain solutions and director of digital currencies at IBM, Jesse Lund has quoted

‘’The most durable digital asset is one that is issued by central banks and represents fit currency in the world’’.

This implicates the biggest aspect of the IBM-Stellar partnership which aims to provide central banks with a cryptocurrency to work with. It’s still early to comment on the effect this announcement will have on investors worldwide. The most probable outcomes could be that Stellar becomes a default crypto for central banks since IBM already offers many of the technology-related services.

Stellar as ‘The Fintech Coin’:

Stellar’s asset Lumens (XLM) have been compared with Ripple for a long time now due to;

  1. Its large supply of stellar lumens
  2. Increasing growth from sub-penny prices
  3. Potential handling payments
  4. Tokenizing real-world assets:

Stellar also exhibits the potential to serve decentralized exchanges and banks. All of these prospects could transform Stellar into a blockchain based finance leader which is what Ripple has been aiming for. Sealing a deal with Central banks is quite a big deal because Central banks have the power to take decisions for the banks which operate under their jurisdictions. Therefore, a chain reaction is possible where more banks start adopting cryptocurrencies and blockchain technology in the same way.

Conclusion:

Stellar market shows signs of displacing its closest competitors such as EOS and Cardano at the slightest uptrend of BTC markets. Although it has laid flat for quite some time now while other coins have advanced and made a temporary recovery. As of now, the Stellar team is working hard on a global-scale acceptance by spreading its trade in Colombia, Chile, and Brazil. But it’s true that Stellar’s trading hasn’t shown much difference since January. It still needs a viable proof of use case by central banks.

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 and read our full disclaimer.

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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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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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