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Stellar Lumens (XLM) price spikes amid Coindelta listing

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The good news keeps aggregating for Stellar Lumens and XLM, it’s native token. This week’s adoption is by Coindelta.

Coindelta is a cryptocurrency exchange based in India that offers high usability and the chance to trade in digital assets using the INR, India’s fiat currency, popularly known as Rupee. It supports QTUM, NEO, XRP, Litecoin, EOS, Ethereum, Bitcoin, and starting this Monday (a couple of days ago), Stellar Lumens’ XLM.

It also offers secure wallets for customers to store their tokens and a purportedly lowest withdrawal fee. It includes a section for pro traders that facilitates the exchange of high volumes in minimal times. The exchange promotes itself as “The easiest way to buy, sell and store cryptocurrencies”. The Coindelta platform includes a mobile app (Android and iOS) that allows users to manage their coins from a mobile phone.

Signing up for CoinDelta isn’t that different from most other exchanges. You create an account, verify your identity, make a deposit (in Rupees) and you start trading. One of the advantages in this exchange is that all the currencies it offers can be traded in fiat currency, which obviates the need to buy bitcoins first, as is the case in many of the world’s most important platforms such as Binance.

This Monday, November 26th, the CoinDelta team announced to its community it’s a “delight” for them to list Stellar Lumens XLM. Deposits and withdrawals went online that same day, and trading started at 6:00 pm, Indian Standard Time. The announcement reminded prospective XLM traders the rules of the game:

  • The withdrawal fee for XLM will be 0.01.
  • Minimum deposit for XLM is 1.
  • The number of blockchain confirmations required is 1.
  • Recovery Fee for XLM is 0.2.

The announcement went on by briefly explaining Stellar’s main features and provided a link to the Stellar Development Foundation website for those who wanted to dig deeper about the new option.

The exchange also announced the new coin through a tweet in its official Twitter account which reads:

The new listing is further progress for Stellar Lumens, especially since XRP, its main rival, was already listed in this particular exchange. New listings create interest on the listed projects. More importantly, they increase trading volumes and demand for tokens that ultimately translates into higher value and price.

Also, this shows that Stellar Lumens is looking to make headway into Asia, which has not been an obvious thing. The project has been securing strategic partnerships all year long, but they’ve been mainly with companies and exchanges from the U.S. and Europe.

This is very relevant because many of the most active markets in crypto are in Asia. Not exactly in India, but in China, South Korea, and Japan. But Rome wasn’t built in a day, and Stellar is doing all the right moves to ensure its coin is available all over the planet and it has a presence of some kind in every important market in the world.

As we write this, the Stellar Lumens XLM token is priced at $0.1593 and trading in green numbers (up by 14.32% in the last 24 hours). It’s capitalized at just above 3 billion dollars (fifth place in the rankings) and it’s been threatening to take away Bitcoin Cash’s fourth place. Stellar is only about 300 million dollars away from the feat.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and 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 Pixabay.

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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