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Stellar plans to tackle down Ripple and Ethereum with its Lumens (XLM)

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Stellar (XLM) has been giving a lot to talk about in the cryptocurrency world lately, each and every one of its initiatives is becoming a boom in the market, to the point where now the company seems to be on its way to diminish the outstanding works that other crypto companies have been making till today.

Perhaps that could be the case of some of the most consolidated companies like Ripple or Ethereum, which actually could be at high risk after Stellar deployed its bold move of partnering with IBM; a deal that might grant them the adoption of its lumen on all of the central banks around the globe.

Still, it is early to determine if that would be the final result, but if so, not only would be a very serious competitive ambush for companies like Ripple, it would also make the price of Stellar grow significantly.

Furthermore, if we rewind a little bit the time we can see the event that set a milestone back in January when the $39 million ICO, Mobius, chose the Stellar network over the one of Ethereum. At the moment the decision responded to the Ethereum security and scalability problems, a great risk that, of course, the Mobius project couldn’t allow to run.

Consequently, the confidence vote was then for the Stellar platform, a deal that surely promised to increase the number of Dapps later; and as we can see right now, the promise was absolutely authentic.

Like this, now the concern goes to the Ethereum investors and developers regarding the smart contract decisions Stellar is making, would it be possible for the company to conquer its customers again? The task now doesn’t look that simple.

What’s more, recently a migration wave has started among the Ethereum clients, which in search of a more secure platform, are moving to the brilliant smart contracts platform of Stellar.

The movement started with the Kin foundation announcing they were adding Stellar as a second platform, a fact that, on many levels let it clear that the Stellar network is simply a better blockchain; and this is not surprising at all, Ethereum appears to be dealing with lots of issues from long ago now – and what’s worse, the solutions haven’t been determined yet.

Similarly, another blockchain project has decided to migrate to Stellar, in fact, a week ago the project Heir chose to take a try into the platform of the company, and the results were beyond the expected – which proves that every time developers turn to it, they are more grateful for how valuable the platform is for smart contracts.

This way, it is highly expected that similar actions are taken by other companies in the sector, and this is something Stellar plans to exploit, in fact, the company is currently working on other projects for its customers already.

So concluding, how does the future look for Stellar? Well, all the investors can expect a great increase in the value of the company, while more and more projects are created, and as is happening, more and more companies embrace it, the result would be an incredible growing behavior.

The whole market is a little stuck now, so doubtlessly the best option is to look for a coin with a looking-good future and place a bet on it, and guess what? Stellar (XLM) could be that bet you’re chasing.

We will be updating our subscribers as soon as we know more. For the latest on XLM, sign up below!

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 Dr. Wendy Longo via Flickr

Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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