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

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Stellar Lumens
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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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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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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,…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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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.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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