Connect with us

Blogs

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

Published

on

Stellar XLM performing great
READ LATER - DOWNLOAD THIS POST AS PDF

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!

For the latest cryptocurrency news, join 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 Carl Woo via Flickr

Blogs

Reasons Why 2019 May Be A Great Year For Crypto

Published

on

crypto
READ LATER - DOWNLOAD THIS POST AS PDF

The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

Continue Reading

Blogs

3 Coins with the Largest Potential in 2019

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

Continue Reading

Blogs

Do or Die: 3 Crypto Projects that Really Need to Deliver Soon

Published

on

crypto projects
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.

The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.

However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.

1) Ethereum (ETH)

Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…

Continue Reading

Elite