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Stellar (XLM) on the Wrongside of the Crypto-Slump
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Stellar (XLM) on the Wrongside of the Crypto-Slump

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XLM
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The recent price movements experienced in the Cryptocurrency market in the past few months have left investors baffled, as volatility seems to increase with each passing moment. Such is the position of Stellar (XLM), currently ranked Seventh in the world according to Coinmarketcap. Despite the news, events surrounding Stellar Lumens that can have a positive impact on investor sentiment, the value of the Cryptocurrency has gone downhill in the last few days, currently recovering from a massive slump experienced on March 18th.  This comes at a time when Stellar announced Irene Energy’s shift from the Ethereum network to Stellar’s own network. Stellar’s XLM tokens also got listed on the Koinex Exchange and the Stellar team managed to confirm a partnership with Bluepan Net.

However, all of the above positive news does not seem to have an effect on the stellar current price decline.  On March 17th, Stellar reached its lowest point in recent times, dropping to a shocking 0.159964 USD in value and a market cap of 2,959,123,604 USD. The situation has somewhat improved, with Stellar’s market cap reaching $4,686,497,327 USD on March 20th.

Impending Events Involving Stellar Lumens

Despite the announcements of three important events in the Stellar network, the price of XLM tokens is not recovering to a great extent. The events are discussed in brief below.

  1. The Partnership: More than a week ago, Stellar Lumens announced a partnership With BluepanNet, which is a huge success for any Cryptocurrency. BluepanNet represents one of the biggest remittance institutions in the world, which uses the famed blockchain technology. Launched in 2015, BluepanNet originally worked with Bitcoin, before shifting to other alternatives for cross-border payments, like Stellar Lumens. Bluepan recently completed a successful test run of the Stellar integration feature and hopes to lower transaction fees by a significant margin all across Asia.
  2. Irene energy Announcement: Irene Energy, another Cryptocurrency announced a platform migration from the Ethereum network to the Stellar Lumens platform. Since the Ethereum network can be considered as the biggest platforms in the world, a coin transferring to this platform is a positive sign for Stellar Lumens.
  3. Koinex Listing: The Koinex exchange announced the listing of XLM tokens on their platform, available for live trading from 10th This bit of positive news was supposed to positively impact XLM’s price, but instead the XLM price nose-dived.

Current Market Scenario for Stellar lumens

Crypto analysts and industry experts seem to be pessimistic about Stellar’s future price, with some advising others to move away. Karla Mckan, a crypto-market specialist remarked,  “It seems like the whole XLM fam is dead. Nothing seems to excite them at all. Looks like it’s the end of Stellar for me.”

Another blockchain enthusiast, Aman Chawla, also had a negative view about the current market position of Stellar, commenting, “Stellar is nothing but all mouth and no trousers. It’s ridiculous that people are even interested in this shitcoin.”

Final Thoughts

It is indeed true that Stellar was experiencing frightening dips over the last few weeks, being featured in “crypto’s biggest losers” lists more than twice. However, the price seems to be recovering from the horrific lows experienced on March 17th, with investors hoping that the price would rise considerably in the days to come. As it stands, Stellar Lumens has recovered remarkably well, Reaching 0.252381 USD at the time of writing from 0.159964 USD on March 17th. Although current market sentiments appear bearish, many investors feel that Stellar has hit rock bottom, and the price could only increase from this point. XLM tokens are expected to be the leader in the bull run once the market recovers. It is worth noting that Stellar Lumens, is an already established cryptocurrency, with over 40 different partnerships completed throughout 2017. Hence, Stellar Lumens remains a strong Cryptocurrency and a superior investment, compared to its peers in the market.

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 Gloria Williams via Flickr

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Top 3 Crypto Trends That Might Go Big in Q2 2019

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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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