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Stellar (XLM) Supporters Expecting a 350% Increase

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Stellar (XLM) is one of the cryptocurrencies with a lot of potential, despite the low price. A lot of high-ranking cryptos lost much of their value, along with their ranks, when the prices dropped back in January. Stellar has, of course, suffered a large drop as well. However, not as large as so many others, and it still manages to stay among the top 10 cryptocurrencies, currently being ranked as 8th as per CoinMarketCap.

The coin’s supporters and crypto enthusiasts, in general, have had high hopes for this coin when the bearish market first kicked in. Despite the fact that it has been half a year since the crypto market turned bearish, those hopes still remain strong.

Ripple and Stellar

Stellar (XLM) is a crypto for which many have had high hopes. In fact, many still do, and one of the things that people wish to see is that XLM and XRP (Ripple) find a way to co-exist. Since Ripple is more bank-oriented, there were suggestions that it stays that way, and enter as many cross-border payment-sending deals with financial institutions as it desires. However, the same suggestions ask for Stellar to be used as a coin that individuals would be sending to each other as part of smaller transactions.

This would allow XLM to truly become what cryptos were meant to be all along.

Stellar is often compared to Ripple, and the two coins have some pretty strong links between them. After all, XLM was initially created by Jed McCaleb, a Ripple developer. It also uses some of the more sophisticated and more complicated languages for its blockchain, like Java, C++, and Python. The combination of these languages allows Stellar to work without any major issues, and many see its potential to recover from the price drops once more.

Does Ripple have an influence on Stellar?

Of course, when it comes to statistics, Stellar and Ripple simply cannot be compared in a traditional way. However, many have found that the price changes affecting Ripple are often indicating what will soon happen to Stellar.

Stellar’s total supply exceeds 104 billion, but only 17% of that amount is currently in circulation. Ripple, on the other hand, has a total supply of nearly 100 billion, and 40 billion in circulation, which means that around 39% of the total supply is around, waiting to be used.

With that in mind, when we take a look at their current prices, everything seems to indicate that the price changes are happening equally for the two coins. Ripple has twice as many coins in circulation, and its price should be twice as high, and in pretty much is. Of course, this is all correct assuming that Stellar’s market potential is similar to that of Ripple.

What does this mean for Stellar?

So, where does all of this lead us? Well, if Ripple were to return to its record price of $3.50, it is expected that Stellar would follow accordingly. That would increase the coin’s value to 350%, which is exactly what the investors are hoping it would happen for some time now. That would bring XLM’s price to around $1.70

Another speculation includes an additional volume that might come from a wider market, which would mean that XLM actually has the potential to go even beyond that, and possibly reach $2 without a lot of issues. Of course, all of this can only happen if the market actually turns bullish for long enough for cryptos to once again find a foothold.

According to some, there have recently been signs that this is just what is in store for the crypto world in a near future. If the signs are legitimate, then cryptos might reach, or even exceed their late December / early January prices. For now, all that anyone can do is wait and see what will happen, but the prices of many coins have, in fact, went up significantly in the last couple of days, which might mean that there is some truth to these predictions.

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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.

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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