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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

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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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