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Stellar (XLM) Gets Listed on Two More Exchanges

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Stellar

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.

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

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has…

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