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Stellar (XLM) looks bullish in the long-term despite recent altcoin sell-off

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Stellar XLM
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There have been a few events in the crypto sphere that involved Stellar (XLM). In the past few weeks, it has gained very much after Ripple. Its price has soared, and a bullish upturn is set to be charging, which may be long term.

At the moment, three supports are moving towards the Fibonacci level: 23.4 cents, 22.89 cents, and 21.42 cents. Stellar still looks bearish – but in a short-term and it is safe to say that XLM is all set for a bounce very soon.

Its 4H daily charts show that there is still hope for the bulls very soon, in fact, .the crypto trades in green today already. Lately, the market has seen that Stellar (XLM) has retraced the 61.8% Fib level after it rallied around $0.30 price tag.

However, this Fib level has been there and resilient for quite some time as the price of XLM has produced another green candle above it. It seems that XLM is gaining its bullish momentum, and the XLM/USD charts shown that this may be in the long run.

Nevertheless, there are still some fears that this might not be the case because XLM is still very much overbought. Concerning the EMA, we do know that the EMA-50 happens to be the most dependable for resistant and support levels, but if we are to look at the XLM/USD daily charts, the point for support at the ema-50 hovers at 0.2259 cents; if the price breaks below this point, then it may not be good for the bulls.

Other risk factors that XLM may go down if it doesn’t maintain its 61.8% Fibonacci level is that the price might fail in breaking diagonal downtrend resistance north. Thus, the value could head down to test higher lows series.

The wave trend also indicates that the price of Stellar Lumens (XLM) may still dip if the current Fib level does not maintain. If the XLM’s Fib level goes down to 38.2% and creates a shoulder pattern, then XLM may be faced with an increased sell pressure and its price may dip further down.

On a good note, XLM’s RSI has broken out, and it is preparing for a price rally upward. There may be opportunities for the price of XLM to go down, which is possible, but it may probably be short-term.

In a short-term, the price of XLM might exhibit the bearish value action. It is not safe to say whether the price of XLM will surpass its previous highs. While in a long-term, Stellar (XLM) could more likely make the break out of its current pennant – in the northward direction that’s proving to be among the more promising choices.

Meanwhile in other news, Stellar has been adopted by Circle, a FinTech app. Alongside XLM, the application recently added EOS, 0x (ZRX) and QTUM to its platform. The FinTech has stated that its reason for adding Stellar to the platform was because Stellar (XLM) is one of the fastest growing networks that is scalable and provides one of the best solutions for cross-border payments.

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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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Patrick Baum on Unsplash

Altcoins

TRON Ecosystem New Addition — CryptoDungeons

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CryptoDungeons
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According to the recent Medium post published by TRON Arcade, a blockchain-based RPG called CryptoDungeons is to become the latest hit on the TRON blockchain.

The announcement was published on February 8th, and it states that the CryptoDungeons TRON game is still in development. However, the team is preparing to announce a presale soon, meaning that the official launch is not far away.

About CryptoDungeons

CryptoDungeons was originally developed to be a part of Ethereum’s network. However, the team has decided to bring it to TRON instead. Soon enough, the fans of the game will be able to experience its story, universe, and characters on TRON blockchain.

The game is centered around Heroes who can be bought and used for exploring dungeons, crafting various items, gathering food, and alike. The game also offers five races for players to choose from — Humans, Elves Dwarves, Orcs, and Angels. Additionally, there will also be four classes, including Warriors, Mages, Rogues, and Priests. Each class will have its own unique abilities, with the Warrior class being presented as an example. The abilities that this class features include Strike, Heavy Strike, Shield Wall, Shield Slam,…

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Altcoins

Positive Crypto Price Trend Moves VeChain (VET)

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VeChain
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As many are likely aware of, the previous twelve months were not particularly friendly to cryptocurrencies, and there were two major market crashes since January 2018. However, it could be that investors’ wishes are finally coming true, as the market is currently seeing actual gains. While there is still no certainty regarding this behavior, investors around the world are finding the current development to be quite refreshing.

One interesting development that was noticed these days is the increase of VeChain’s price, which is seeing minor gains at this time.

VeChain (VET) price grows

While most cryptocurrencies experienced some extreme ups and downs during their lifetime, VeChain is usually surprisingly unaffected by the market’s behavior. In fact, its price chart typically shows no major changes, and it seems pretty flat in comparison to other cryptocurrencies.

While this may be a good thing, as the lack of volatility means that the coin is more stable than most, the fact that the price is usually not affected makes the current gains that much more peculiar.

In the last 24 hours, VeChain’s price has grown by 2.16%, placing its value at $0.00401120 at the time of writing. The growth is minor, and the coin’s value only increased by a fraction of a cent, but this is still not typical behavior for this cryptocurrency, which attracted the attention of analysts and investors…

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Altcoins

SOLVE Token Could Be A Huge Long-Term Winner

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Solve.Care
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A lot of articles have been written about an altcoin apocalypse.  With so many tokens entering the market, it is inevitable that not all of them will survive.  When trying to analyze pick out the best projects, the following criteria should be used:

  • Very active community
  • Strong potential for mass adoption
  • Valuable partnerships
  • Experienced leadership

If a project scores well in at least three of the above criteria, it’s a winner.  When it scores well in all four, it has the potential to be a blockbuster.  That potential blockbuster is Solve.Care.

Background

Solve.Care has developed a revolutionary platform that will significantly improve care outcomes by reducing healthcare administrative costs.  The platform will also go a long way toward eliminating a lot of the problems commonly seen within healthcare administration such as duplication, waste, abuse, and fraud.  I firmly expect Solve.Care to generate cost savings by facilitating peer-to-peer transactions that grant authority to stakeholders while empowering payers regarding cost control and oversight.

SOLVE token completed its token sale last year in May.  The company sold 350,000,000 tokens and still has 650,000,000 in its treasury.  The great news is that the token has been recently listed on both Bittrex and KuCoin, two of the largest and most trustworthy exchanges in the world.  Given the recent incidents, especially the Cryptopia hack, being on a trustworthy exchange is of paramount…

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