Connect with us

Blogs

Stellar Lumens low trading volumes and how decentralization can improve XLM

Published

on

unifox-ad
Stellar Lumens
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For the latest cryptocurrency news, sign up for our Telegram!

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 Pexels

Altcoins

3 Coins Coinbase Will Adopt Next

Published

on

Coinbase
READ LATER - DOWNLOAD THIS POST AS PDF

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.

3. EOS

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…

Continue Reading

Bitcoin

What Will It Take For Bitcoin (BTC) To Rise Again?

Published

on

Bitcoin
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

Stellar plans to Airdrop 150 Million USD in XLM to Blockchain Wallet Users

Published

on

Stellar
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Elite