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.
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
3 Coins Coinbase Will Adopt Next
Coinbase is one of the largest and most popular cryptocurrency exchanges in the world. However, throughout its existence, it was very picky when it comes to which coin it will adopt. So much so, that it has become a very large achievement to get support by the exchange.
Recently, however, Coinbase has decided to act on its users’ wishes and expand its list of accepted coins. In theory, this was a big deal, and the exchange actually started looking into a lot of coins. However, it only adopted a few of them. Right now, Coinbase is supporting Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin, USD Coin, Basic Attention Token, and 0x.
Even so, Coinbase wishes to add more of them, but only after it ensured that the coins are a part of legitimate, non-controversial projects. As a result, the entire crypto community started speculating about which coins will be added next. This will also be something that we will try to answer today, by listing three projects that are the most probable candidates.
EOS or Ethereum On Steroids, as some like to call it, is a more than a decent project that has made headlines multiple times this year due to its progress. It managed to launch its own MainNet, which made it perfect for dApp development and smart contract creation. This makes it similar to ETH, but many…
What Will It Take For Bitcoin (BTC) To Rise Again?
It is no secret that 2018 has been a terrible year for cryptocurrencies when it comes to their value. Things looked so bright during the first few days of this year, with Bitcoin hitting $20,086 per coin, and every altcoin reaching new heights. However, it was not to last, and soon enough, the market crashed, and prices went down.
What followed was months and months of a heavily bearish market that kept pushing the prices further and further down. It prevented any attempt of recovery, although several of them gave it their best shot.
Despite a situation like this, crypto investors never forgot the potential of Bitcoin, and many have been predicting another bull run that would have the same results. Those expectations were quite large, and potentially even unrealistic at first. Now, however, as the year approaches its end, it doesn’t seem like anything will happen. The community started to wonder why that is, and what would it take for another bull run to emerge, which is what we will try to answer right now.
What does Bitcoin need in order to have another bull run?
1. Bringing regulation
The crypto space remains highly unregulated in most parts of the world, which is one of the largest reasons why BTC remains dormant. While there are attempts to regulate it, these attempts are made even more difficult due to the fact that the market is constantly changing and…
Stellar plans to Airdrop 150 Million USD in XLM to Blockchain Wallet Users
Recently the Stellar Development Foundation partnered with Blockchain Wallet to airdrop $150 million value of XLM, to the owners of the wallet. The Block declared that the first batch of XLM would be shared this week for all users who signed up to use the Blockchain wallet.
The team behind the stellar Development Foundation hopes that this partnership will make XLM a real rival for other cryptocurrencies from the market.
The co-founder of Stellar, Jed McCaleb declared the following about the airdrop:
“We believe that airdrops are central to creating a more inclusive digital economy. Giving away lumens for free is an invitation to communities to design the services they need.
By working with Blockchain to increase the availability and active use of lumens on the network, we will increase the network’s utility by many orders of magnitude.”
Just $25 value of XLM each
To share some respect to the worth of XLM will distribute for each user, the team of Blockchain wallet declared that after verifying the identity when signing up to the wallet, $25 value of XLM will be shared to each. Furthermore, there will be a first- come and the first-served clause in this airdrop which says:
” Offer available until XLM giveaway supply is depleted. Limit of one XLM airdrop per person, unless participating in any bonus activities.
A person can receive the XLM airdrop in only 1 Blockchain Wallet. XLM…
Ripple CEO: Next year banks will provide custody solutions for digital assets
XinFin (XDCE) surges by more than 25%, can it be next big crypto thing?
3 Coins Coinbase Will Adopt Next
Don't Miss2 weeks ago
Ripple CTO: XRP price needs to go high for the firm to target bigger payments
Altcoins2 weeks ago
3 Altcoins That Can Net You A Fortune In 2019
Altcoins1 week ago
Electroneum (ETN) and Ravencoin (RVN): Two giants in the making
Currency Market2 weeks ago
How is Ripple (XRP) expected to perform this month, November 2018?
Bitcoin2 weeks ago
China sees Ripple as innovative blockchain while Bitcoin gets no love again
Don't Miss2 weeks ago
Ripple CEO Brad Garlinghouse unfolds the future plans of the company
Don't Miss5 days ago
40 million XRP just got transferred to former Ripple executive Jed McCaleb
Altcoins2 weeks ago
Electroneum News: New Partnership And Instant Payment Software Launch