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Stellar Lumens low trading volumes and how decentralization can improve XLM

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Stellar Lumens

Stellar Lumens is one of the most overlooked cryptocurrency projects even though the XLM boasts of a position among the top ten biggest cryptocurrencies in terms of market capitalization. In fact, if data from CoinMarketCap is anything to go by, XLM features a pretty low key trading volume, especially when compared to other big-time players of the industry like Ripple and Ethereum (both with trading volume in the hundreds of millions). Basically, in terms of trading volume, Stellar Lumens ranks at number 16 while being ranked number 8 in regards to the market cap. What does this say about the coin?

Well, most crypto enthusiasts believe that the reason behind the drastic difference and a considerably low trading volume of the coin is a result of low marketing of the coin. Granted, Stellar Lumens, unlike most cryptocurrency projects, has not been featured in the headlines quite as much. Given that current market trends are mostly speculative and that the news drives behavior among cryptocurrency traders and investors, it is no surprise that some people could think of marketing as a factor contributing to the low trading volume of XLM. But is this really it?

Stellar Developments

Recently, Stellar has been anything but reserved in terms of news and marketing. Even though not to the extent of most hyped up cryptocurrency projects, Stellar has had an active month with new developments set to unfold in the near future. Just last week, the Stellar Team announced the launch of the 7th annual Stellar Build Challenge (SBC) that has seen the Stellar community get excited about working in tandem with the Stellar team to produce advancements on the platform. So far submissions are ongoing with some developers promising to develop a boosted secure mobile wallet for stellar on the next challenge.

In addition, Stellar is partnering with LALA World to create a global payment ecosystem that will enable immigrants; students and any other unbaked individual across the globe send money to their loved ones at more affordable rates. LALA World is a B2B company set to transform millions of lives by 2020. The current agreement to work with Stellar Lumens will not only be one of the biggest partnerships for Stellar but also see the creation of a fully-fledged product by the 3rd quarter of the year. The new initiative will develop an XLM market that also enables microlending for small and medium enterprises.

Staying committed to decentralization

After it’s all said and done, Stellar seems to be one of the few projects committed to decentralization. Even though its trading volume is currently one of the lowest among the top coins in the market, the Stellar Team is poised on improving and developing the platform. Whether it’s through partnerships like the one with LALA World, or through community-driven initiatives like the SBC or even with Stellar’s commitment to innovate with the Stellar Decentralized Exchange, the XLM is here to stay. As long as the foundation continues to pursue development through decentralization and transformation of people’s lives, there is a good chance for a sudden spike in XLM.

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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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Blogs

How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

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

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Aluna.Social

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, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

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 like Bitcoin and Dash, to help protect their assets and hard-earned…

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