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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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