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Stellar Builds the Bridge Between Blockchain and Traditional Finance System

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Stellar
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At present, Stellar Lumens has come to the 8th spot on the crypto market with a value of $0.202. The status of the coin seems to be quite good in the market as it was recently made available on crypto exchange platform CEX.IO.

They have even made it quite user-friendly by allowing their users to pick the currency of their choice, which is EUR, USD, or BTC. The user-friendly cryptocurrency also offers instant buy for Stellar XLM directly with VISA or Mastercard now. Android and iOS have also made it feasible for withdrawals. Although the digital coin went through a dip, these are promising adoptions that could help the value go up.

In terms of cross-border payments, these are innovations that can boost its value to an extent where one of the major cryptocurrency Ripple could get affected. Sometime in 2017, stellar was reported to be one of the potential coins to make it big in the market.

That speculation was made because of the coin’s partnership between IBM, and this was opening doors to cryptocurrency’s network to facilitate cross-border payment.

Stellar is working towards clearing the disputes that go on between the blockchain technology and traditional finance companies. They are making it possible to build affordable financial products for their company, thus making it familiar and efficient.

Subsequently, the CEX platform has made sales smooth and really quick as the transactions are based on FOK (Fill or Kill) orders. This makes all orders to take place immediately, and they also assure successful transactions. The CEX site calculates exchange rates within 2 minutes after which it gets frozen.

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The company is also trying to make it risk-free for its customers. To avoid the on and off-price variations in the cryptocurrencies, the rates are adjusted and kept in advance. The users are also guaranteed that they will get the very same amount that has been agreed.

Stellar seems to be making an effort that will take them a long way in the crypto market. Although other coins have made similar attempts, stellar appears to be getting into details and making the coin more efficient.

Rather than transforming the financial payment methods now, this digital coin is looking to integrating within the tradition financial structure, thus handcuffing the entire system by keeping the benefits that come with the blockchain technology. This integrated platform in partnership with the various banks and payment gateways makes it trustworthy and customer-friendly.

The coin stood at a value of $0.91 in January. After this hike, stellar saw a dip and had been facing the reputations of the significant fall of the cryptocurrency market last month.

But then this again shot up and the currency, currently, stays at $0.20 as of today (Wednesday 11, 2018) – valued at +6.86% against the US dollar and +2.23% against bitcoin as far as the increment is concerned. Looking at this trend, it looks like Stellar will do really well in the near future and might also be a threat to many other digital currencies.

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.

Image courtesy of barnyz via Flickr

Altcoins

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Altcoins

Why ZCash (ZEC) Is Heading to $10k

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ZCash
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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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