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Stellar (XLM) Gets Listed on Two More Exchanges

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Stellar
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Stellar (XLM), ranked as the eight-best cryptocurrency in the market seems to be planning on staying there with a great potential of going up judging by the recent performance this currency is having in the market. Besides from gaining more on its visibility as Stellar just got listed on two more exchanges, we are interested in analyzing the further turn of events for this more than seemingly promising digital coin. Let’s see how Stellar has been doing these days as well as what is next for XLM.

Stellar Gets Listed on Two More Exchanges

Each listing counts as a very important move for any currency out there with the simple reason of having the visibility and attainability of the listed coins being consequently increased. Whenever a coin or a token gets listed, its value consequently goes up in the market, which is what every investor and holder is looking forward to. That being said, the more exchanges is one coin listed on, the more chances that coin will have when it comes to being discovered as a potentially good investment.

Although getting listed on two more exchanges in the case of Stellar Lumens doesn’t seem like a big of a deal when you mention the fact that Bitcoin as the oldest currency is listed on over 400 exchanges while Stellar is available on barely 80 exchange markets. Adding two more exchanges to the bunch is actually a huge deal for XLM, which is also noted in its current pace of growth.

One of the exchanges that now accepts Stellar is Coindirect, which is a peer-to-peer exchange market with a platform that allows for the listed coins to be kept safely in wallets with the ability to exchange, sell and buy any of the listed coins in any time. Stellar makes up for one of the seven coins that have been added lately, which joins the number of total 30 currencies that are currently listed on Coindirect.

Stellar can now be bought and sold on Coindirect with the ability to be kept safely in a wallet or exchanged for a local currency that represents a fiat value.

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In addition to being listed on Coindirect, XLM has been added to another market exchange, expanding to the Asian market as it got listed on Buybit.

Buybit is a market exchange for cryptocurrencies and digital assets, based in New Delhi. Given the fact that Asia is the biggest crypto market by far, having XLM listed on an Indian exchange will surely affect its liquidity in a positive way. Being listed on Buybit, Stellar can now be directly exchanged for Indian Rupees on this exchange platform.

What Lies in the Future for Stellar?

Stellar was designed and issued with the purpose of making transactions faster and cheaper while connecting banking systems with their clients in order to be able to provide the service of fast, cost-effective and non-fallible with almost no fees applicable during the transaction process.

By far, Stellar has achieved a lot within its roadmap, including their notable partnership with IBM. However, this is in no way the end of the line for XLM as the dev team behind the eight-best currency is working on further plans for the future of Stellar.

One of the most notable potential scenarios for Stellar as based on a recently held Reddit session along with KIN currency is implementing atomic swap into XLM system.

However, one of the members of XLM team has stated that there are no detail plans on implementing atomic swap to the system. However, he further stated that the implementation of atomic swap is to be certainly delayed. On the other hand, he stated that there are plans for implementing some other kind of swap mechanism that will require manual operating as well as escrows provided by third-party representatives.

How is Stellar doing at the Current Moment?

If anything, it seems that Stellar stands for a pretty scalable digital currency given the fact that XLM is recovering from a long market crash at a pretty flattering pace of growth. That being said, XLM is being traded in the green while rising up against the dollar.

With the most recent change of events in the market, Stellar has gone up to 8.41% against the dollar, while trading in the green. In addition to the noted rise against the fiat value, Stellar is also experiencing rises when compared to BTC, notably gaining on its price and going up for 8.52% against Bitcoin.

That being said, XLM can be currently purchased at the price of 0.31$ per one unit, which is still far from dealing at its all-time high of around 0.85$ per one unit that was marked back at the beginning of January 2018.

We will be updating our subscribers as soon as we know more. For the latest on XLM, 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 Lenny K Photography via Flickr

Altcoins

DGB Price Prediction For 2018 and Beyond

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DGB price prediction
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With the crypto market being constantly bearish throughout this year, a lot of investors are having second thoughts about buying additional coins. While some large cryptocurrencies like Bitcoin or Ethereum can be considered safe investments, smaller coins like Digibyte (DGB) often receive a lot of doubt. This is why the DGB price prediction is necessary so that the investors can know what to expect.

DGB Price Prediction

DGB has had its ups and downs throughout this year, and at some point, it even went up by 70%. However, the constant bear market affected it just as much as numerous other cryptos. This has brought its value down to its current $0.025378 per coin. Some optimistic predictions from earlier dates saw the coin reaching as high a price as $9.20 by the year’s end. However, as we approach the date, it seems less and less likely that this DGB price prediction will come true.

The coin is generally seen as a profitable investment. As it is always the case with cryptocurrencies, they should be bought when their prices are down, so that a profit could be made when they spike up once more. Digibyte is no different, but it should be noted that investing in this coin means having patience. DGB is not among the coins that will make you rich overnight, and instead, it should be seen as a long-term investment.

Even though 2018 has been as…

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Altcoins

Why ZCash (ZEC) Is Heading to $10k

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ZCash
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Back in mid-May, the Winklevoss Twins made the headlines for embracing ZCash (ZEC) as one of its major digital assets on their groundbreaking Gemini exchange. When the announcement was made, ZEC rallied in the market by showing a 45% increment in value. The coin made it to $357 in a matter of hours.

Further assessing the currently available digital assets on the Gemini platform, we find that the exchange currently has USD pairings for only Bitcoin (BTC), Ethereum and ZEC. There is also additional pairings of ETH/BTC, ZEC/BTC and ZEC/ETH with plans to onboard Litecoin in the coming days.

Another thing to note is that the exchange also provides custodial services for institutional investors thus giving ZEC the much-needed exposure to the firms on Wall Street. Custodial services provide a guarantee that all digital assets on the platform are stored by a licensed entity thus extinguishing any cybersecurity concerns. For an entity to be licensed in New York for custodial services, the proper due diligence and research have been done.

Another thing that makes the Gemini exchange attractive and appealing to institutional investors, is that all USD deposits are insured by the FDIC. The latter entity is the Federal Deposit Insurance Corporation that provides insurance for USD deposits in American banks. This means that once again, the funds of individual and institutional investors are safe and insured, further making…

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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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