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Stellar Lumens (XLM) price spikes amid Coindelta listing

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Stellar
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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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HODLing Stellar Is A Good Plan For 2019

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HODLing, or holding on to a certain asset or assets has always been an extremely useful investment strategy, even before cryptocurrencies were even imagined. Now, with the market being more uncertain than ever, many are wondering what is the right thing to do with the coins in their possession.

Of course, things change depending on the coin in question, but today, we are going to talk about why it is a good idea to hold on to your Stellar (XLM) in 2019.

Why You Should Hodl Stellar (XLM)

The crypto market is rich with hundreds, and even thousands of different projects at this point, and separating valuable ones from those that are destined to slowly fade away can be tricky. However, even the biggest skeptics believe that Stellar is a coin that is here to stay.

XLM was first launched in 2014, and for a long time now, it has been among the top 10 cryptos by market cap. It is an open-source, decentralized protocol that allows users to send fiat currencies by using cryptocurrency as a method of transport. In a lot of ways, it is very similar to XRP. However, the biggest difference is that Stellar aims to offer its services to regular people, while XRP is more interested in working with banks and financial institutions.

Nevertheless, sending money, especially when it comes to cross-border…

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Reasons To Invest In Electroneum In 2019

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Electroneum
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2018 has been quite a rollercoaster for the crypto space. Coins went up and down more times than anyone could have guessed, not to mention two massive market crashes. However, in a few short weeks, the year will be over, and a new, positive period for the crypto world is expected to arrive.

While there are many predictions for 2019, today we are only interested in one thing — Electroneum (ETN). A lot of people quickly took notice of this coin, and many believe that it is among the coins of the future. Indeed, it has received a lot of attention, and many are interested in why that is, and why investing in it is a good idea. So, let’s take a look at a few reasons why you should invest in ETN in 2019.

1) It is fast

Speed and precision of any service have always been very important to people. This importance is even greater when making a profit depends on it. Electroneum developers were aware of this when they created it, and the coin is up to 5 times faster than Bitcoin. This means that ETN transactions can be confirmed much faster, which in turn reduces fees and waiting time.

Furthermore, there are also plans to create Electroneum Virtual Currency Exchange, which will allow the project to act as an exchange. However, the even…

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STEEMIT Running Out Of STEAM?

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Steemit
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Has Steemit seen its glory days run dry? There have been many rumors that the CEO Ned Scott has pushed the company to the blockchain focus that he forgot about Steem being a social media platform. Now, these are just things some of the former employees have been heard saying, but it is a rather interesting take as to what is going on. Give the following video a watch where I break down what is happening with Steem. I also give my thoughts on what may happen to other large ICOs and how we may see this trend continue as we have seen with ConsenSys laying off 10% of their workforce.

If the big name projects are starting to do this will it also have a trickle-down effect on other ICO’s which have no products and are running out of cash? I definitely think so, and I also see this negatively affecting Ethereum for the mid-term. The question many have been asking is just how long can the bottom 1800 projects last with the current market conditions? How many ICOs did not liquidate their Ethereum and now are stuck with 1/10th the cash flow or more in some cases, how will they pay to continue operations? What about the growing number of projects laying off employees…

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