Stellar (XLM) Has Enormous Potential
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Stellar (XLM) Has Enormous Potential

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XLM

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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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

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What defines a foreigner in Singapore? 

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Altcoins

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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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

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.

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Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

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