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Stellar Lumens is set to moon soon despite the bear trend in the market

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The cryptocurrency space has been going through violent volatility since the beginning of the year. The bearish trend has become almost common placed such that it has become old news to hear of Bitcoin crashing. However, temperatures have escalated in the recent past especially with news of Trumps’ move to abandon the Iran Nuclear deal. This has not only affected the cryptocurrency market but has also led to a slow down in the stocks market as well while Wall Street cut loses.

In fact, CNN reports that last week Bitcoin’s price took a nosedive after Warren Buffett renewed criticism about Bitcoin where he called it “Rat Poison”. Famously known to be the oracle of Oklahoma, Buffett has for a long time been a Bitcoin bear criticizing cryptocurrencies for their lack of value mentioning that Bitcoin and other cryptocurrencies “will come to a bad ending”.

However, Bitcoin and the overall crypto market have managed to disapprove the predictions of Buffet as well as other bears in the financial world. In 2014, back when Bitcoin was at a paltry $600, Buffet predicted that Bitcoin was only a mirage and yet almost 4 years later the cryptocurrency market has grown stronger despite the violent volatility.

In fact, a number of coins have been thriving while showing signs of serious takeoff. One of these coins is Stellar Lumens (XLM).

How XLM stellar Lumens is set to moon

The last weekend alone has seen the decline of a variety of altcoins. At the tail end of last month, the XLM coin managed to trade at prices as high as $0.45 then only to go back down slightly and settle at the $0.31 in early May. Currently, the coin has once again managed to go green with a gain that has seen its price approach the $0.40 region. Currently, the coin is priced at $0.37 according to coin market cap.

Stellar’s Recent Developments

Stellar has been receiving a lot of recognition from cryptocurrency investors as well as long-term crypto enthusiasts and for a good reason. The listing of XLM stellar lumens on OKEx (a top-level Hong Kong-based digital currency exchange platform) must have been among the reasons for all the attention that the Stellar Lumen is getting.

In addition, Stellar has managed impressive partnerships such as the one with IBM. The partnership between XLM and IBM will see to the development of a cross-border transfer platform that will host 7 unique currencies ranging from New Zeeland’s Dollar to the South Pacific and even the Australian Dollar. Another contributor to Stellar’s uptrend is the Pundi X point of sale platform. Though still in its infant stages of development, the Pundi X point of sale platform is also another reason explaining Stellar’s popularity.

Stellar is quickly becoming a major player in the crypto space such that the KIN foundation has recently announced a move to fork its Blockchain. The move is set to take the best of Ethereum’s smart contracts while combining the scalability of Stellar’s Blockchain to achieve a new network for KIN. With this development, Stellar’s reputation will be at an all-time high as the Blockchain of scalability.

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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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