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

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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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3 Coins with the Largest Potential in 2019

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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

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Do or Die: 3 Crypto Projects that Really Need to Deliver Soon

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Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.

The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.

However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.

1) Ethereum (ETH)

Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…

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3 Cryptos To Blow Up In The Next Bull Run

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cryptos
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It has been an entire year since the last real bull run in cryptos and most traders and investors are ready to experience the excitement of their favorite coins blowing up once again. Ever since January 2018, all that the crypto market was experiencing were price drops, with minor attempts at recovery, which would only lead to another decline in prices.

However, there are several reasons to believe that this situation might change in 2019. Naturally, many are hoping to see it happen sooner, rather than later. One such reason is the natural progress of the crypto market. According to analysts, the market moves in cycles, which include bearish and bullish behavior alike. With the last bearish trend taking up the entire year of 2018, it is now time for the more positive development to take place.

Another reason includes large projects that have a goal to deal with problems that the crypto market has been facing, such as high volatility, scalability, and alike. If developers were to find solutions to problems like these or at least provide a better alternative to the current situation, this could encourage investors to become even more active within the crypto space, which can lead to a lot of positive development.

Finally, there are projects that aim to bring institutional investors to the crypto market, by solving issues that institutions are most…

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