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Stellar Lumen’s XLM cryptocurrency is doing great lately, here’s why

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Stellar XLM performing great
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Stellar Lumen’s XLM has been enjoying great success lately. XLM’s blockchain makes money transfers efficient, quick, safe and reliable, so banks and financial institutions are jumping on the wagon, and creating demand and enthusiasts, investors, and traders are following suit. Currently valued at $0.443952, this coin has held a steady value throughout the recent altcoin crash, which means it’s just doing great. Here’s why.

Great performance means great rewards

XLM’s value has increased by double digits ever since the current year begun. This alone puts it in a different league than most other cryptocurrencies (most of them have gone a bit back this year), and makes a good investment option. XLM is showing the world how the Blockchain can transfer value quickly and cheaply for everybody.

Because it admits multi-currency transfers, this altcoin is famous internationally, and traders, speculators, and financial institutions look at it favorably. This reach and versatility make it likely for it to grow in value this year. But that’s not the only reason; there are several others, lucrative listing being the main one right now.

Hong Kong’s OKEx exchange recently listed this coin, and this is a big player. It is the world’s fifth largest as far as trading volume is concerned. They started last December 28th, and that made traders and investors pay attention. This helped raise the coin’s value as we can notice today.

After being listed by OKEx, more 1.4 million USD were traded using Stellar’s XLM just during the first day. Then the holiday season kicked in, but when business was back on track, mainstream business and financial firms were keen to join in the Stellar phenomenon.

Partnership with Pundi X

Pundi X is a POS (Point-of-sale) solution for the cryptocurrencies, headed in Jakarta, Indonesia. It makes it easier for users and retailers to use altcoins for retail transactions. Late last year, Pundi X announced a strategic deal with Stellar.

This deal will allow Pundi X to use Lumen‘s Blockchain to make payments in Indonesian Rupiah faster and safer between parties. The funds will go through borders cheaply and safely and, besides, that, the Stellar Lumens XLM token will be included in the POS system, it will be available for all users.

In this way, Pundi X is becoming a credit arbiter for transactions that involve XLM and the Indonesian Rupiah or vice versa. The deal gained was a hit for XLM, so it’s been getting a lot of attention from the Asian markets, which has helped prop up its price to the current levels. Then IBM started to show some interest too which also helped things a great deal.

The IBM bless-bomb

IBM’s attention has never hurt anybody. They chose to partner with Stellar to create a payment system tailored for South Pacific countries. This system works mainly in British Pounds and Fijian Dollars for now.

While the platform is still in diapers, it’s planned to grow to include seven different fiat currencies including New Zealand Dollar, Australian Dollar, and Tonga Pa’anga. Lumen’s coin will enable IBM to bring all these currencies together, reduce costs, and make exchanges among them incredibly fast. It will be intuitive and beneficial for every user alongside the companies who join it.

The news brought the coin’s value further up, and since IBM is in it for the long run, long-term edges can be expected from this partnership. If your e-Wallet includes XLM, needless to say, this is incredible news for you.

Wisdom is the point

It’s become clear to everybody watching the cryptocurrency market that Stellar is performing way above average. It’s been holding and increasing its value. It’s also been choosing the right strategic partnerships to keep ahead from everybody else’s game. And there’s every reason to expect there’s more to come. Did you get some Stellar Lumens already? Don’t sell just yet. Don’t have any? Get some!

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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.

Image courtesy of Carl Woo via Flickr

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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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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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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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