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Stellar (XLM) Supporters Expecting a 350% Increase

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XLM
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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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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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