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Stellar News: XLM To Dominate Cross-Border Payments

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Stellar news
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Cryptocurrency experts from all corners of the world agree that right now is the best time to buy Stellar (XLM). While the latest market behavior was far from perfect, and prices of many coins have dropped, cryptos like Stellar are extremely undervalued at this point.

At the time of writing, top cryptos are trading in the green, which might mean that the situation is getting better. Stellar’s current price is at $0.226430, with 2% increase in the last 24 hours. Despite the fact that this is far from a real bull run, analysts agree that the real price surge is bound to arrive sooner or later.

Recent Stellar news claims that this XLM price does not match its fundamentals, which places Stellar in a perfect position for growth. This is due to its nature, as well as the ultimate purpose for which the coin was designed.

What makes Stellar special?

Just like Ripple (XRP), Stellar also aims to revolutionize cross-border payments, and make them faster, cheaper, more efficient, and possible at any time of day or night. The largest difference between the two is that Ripple is focusing on providing its services to banks and other financial institutions, while Stellar aims to deliver the same to individuals.

In addition, Stellar has partnered up with IBM a while back, and IBM offers its own services to around 97% of the global banking system. In short, by partnering with IBM, Stellar also has a unique opportunity to get access to other IBM’s partners as well. Not only that, but IBM’s international payments solution allows these banks to settle any payment in fiat currencies, and not only Stellar.

This is a very big deal for banks since most of them are not ready to start working with cryptocurrencies, either due to laws in different countries or because of their own policies. Because of that, banks are more likely to go for those solutions that do not force them to deal with cryptocurrencies.

Recent Stellar news also claims that Interstellar is making game-changing moves, that are expected to make this coin’s blockchain even more interesting and attractive to banks and financial institutions. Some reports mention payment channels that plan to introduce new features, such as interoperability, privacy, and scalability. Privacy has always been an important issue when it comes to finances, which is another very important advantage for Stellar.

Scalability and interoperability are also very important. In the finance industry, thousands upon thousands of transactions are made every second, and Stellar’s system is making big steps to always be able to instantly satisfy the industry’s needs.

All of this points out to a massive use case for Stellar, which likely means that this is a coin that will never go away. As such, it can only grow as time progresses. For this reason, investors believe that buying the coin while it is cheap might bring them significant gains in the future.

The finance industry is a market with a worth of trillions of dollars. The coin that dominates this market will be the largest one in the world, and XLM stands more than a good chance to be that coin.

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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

Why Binance May Be Crucial for Tron (Trx) to Reach $1

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TRON
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TRON (TRX) has been one of the most popular crypto projects in the past year. The coin has received a lot of attention from the entire crypto community, and although the impressions may differ —  the fact is that TRX is one of the most talked-about coins, even today.

However, while the project managed to achieve a lot in less than a year — launch its MainNet, start multiple massive projects, launch dozens of dApps, hundreds of smart contracts, its own DEX, new token, and more — its price remains quite low. Undoubtedly, one of the reasons for this is its massive supply. TRX circulating supply is over 66 billion coins, while the total supply is over 99 billion.

Even so, the coin is believed to be massively undervalued, with its current price sitting at $0.028129, according to TradingView. This price, together with a market cap of $1.88 billion, pushed the coin out of the list of top 10 largest cryptocurrencies, and it currently sits at 11th spot. But, many believe that this is not a permanent position for TRON. In fact, its community believes that it is only a matter of time before TRON rises through the ranks, and its price hits $1. And, the way for the coin to achieve this is believed to be through Binance.

TRON and Binance

Binance is one of the world’s…

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Altcoins

Why Tron (TRX) Price Won’t Remain Low for Long

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TRX
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TRON (TRX) has been one of the most popular cryptocurrencies in recent years. The project has achieved a tremendous amount of success in less than a year, and while the first birthday of its MainNet is approaching, TRON certainly continues to impress to this day.

With that said, its price is still noticeably low, and many would agree that the project is heavily undervalued. The low price even allowed other projects to push it out of the top 10 list, with TRX currently being the 11th largest cryptocurrency by market cap. However, it is likely that TRON will not remain undervalued forever, and that its price might soon see a surge that its entire community has been waiting for, for a long time now.

Why TRX might see growth soon

As many undoubtedly know, TRON is a lot more than just a cryptocurrency. It has developed a massive ecosystem, which offers a development platform for coins, smart contracts, and dApps. It also acquired BitTorrent last year for its Project Atlas, which will allow torrent users to earn crypto through participation in content sharing.

For this purpose, it also launched BitTorrent (BTT) token, which saw its launch on January 28, 2019 on Binance Launchpad. This was dubbed the most successful ICO in history at the time, although several coins launched since then have broken its record.

In addition,…

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Altcoins

3 Cryptocurrencies Most Likely to Follow Bitcoin’s Performance

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For more than a year, the cryptocurrency market has been dominated by bearish influence, with most coins seeing constant drops, or stagnation, at best. This all changed in the past few months, starting with Bitcoin which once again started leading the market up, bringing one minor rally after another.

BTC itself experienced massive losses in 2018, with its price going down by around 84%. Most other coins among the top 10 mirrored its performance, and some of them experienced even greater losses. However, now that Bitcoin sees gains again, these cryptocurrencies are still following its example, and many of them have seen massive breakouts. Some of the more notable altcoins that followed Bitcoin’s recent example are Ethereum (ETH), Stellar (XLM), and Cardano (ADA).

Ethereum performance mirroring Bitcoin’s price

As mentioned, Bitcoin led every rally so far, but before it did, its price first went through what is known as an ascending triangle pattern. The pattern held for around five months, which is exceptionally long for the crypto world. However, once the pattern was finally broken — the coin’s price skyrocketed, more than doubling itself within only two months.

One thing to note is that Ethereum performed in pretty much the same fashion. After five months of struggle and confusion for investors, the second largest cryptocurrency also managed to break the pattern and skyrocket as well. It…

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