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Stellar (XLM): The Big Bull Is Coming

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Stellar
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The Stellar (XLM) blockchain is been loved by many enthusiasts for its simplicity and its mandate to provide cheap financial access, literacy and inclusion all over the world. The Mandate of the Stellar Development Foundation is to expand worldwide through the numerous partnerships and in turn further push its chief goal of providing the said low-cost financial services through the development and maintenance of technology across the globe.

One of its major partners has just done that. This partner is none other than IBM that currently runs 9 stellar nodes to settle international payments around the globe.

In this case, IBM has just won a lucrative 5-year contract with the Australian government worth AUD $1 Billion or the equivalent of $750 Million. The new deal aims at making Australia a top 3 digital government in the globe by 2025 through the investing in blockchain technology, quantum computing as well as artificial intelligence. All these sectors of technology will be in constant research and development to guarantee Australia makes it to the top rankings of global technology as well as maintaining that position.

The exact details of the partnership have not been revealed but the Stellar blockchain is bound to be part of the agreement. This brings some renewed hope to the Stellar project and coin. The Stellar blockchain and coin are ideal for running the back-end payment settlement for the various Australian government agencies during regular times of operations as well as during emergency services. The fact that the Stellar blockchain has many features, such as a timing aspect on its smart contracts for disbursing funds, makes it ideal for recurring payments for a government. XLM will be used to source instant liquidity in the transactions.

Another project that the Australian government can tap the Stellar blockchain through IBM, is the current plans of the said government to start delivering social security welfare payments to its citizens on the blockchain. As earlier mentioned, Stellar is ideal for timed payments as well as micropayments due to its low cost per transaction. XLM can be used for these transactions hence increasing the demand for the coin and eventually its price. No wonder XLM fans are expecting the price of the coin to increase in value by 350%.

All these services in Australia on the Stellar platform will be more enhanced due to the recent acquisition of the fintech company of Chain by the Stellar Foundation. The reason for doing this, and using XLM as a means of payment for the acquisition, is to tap into the experienced pool of developers at Chain.

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Summing it up, the fact that IBM has won a government contract in Australia makes the use of the Stellar blockchain and XLM highly likely for some of the government services. IBM has even tapped Stellar to track carbon emissions. This means the blockchain is ready for the challenge ahead as well as the coin to have more utility hence boosting its price.

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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

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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Altcoins

Litecoin Cash (LCC): The potential mover?

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Litecoin Cash
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Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

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Altcoins

The Stage is Set for Stellar XLM vs XRP

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XLM vs XRP
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The digital asset of XRP, did something spectacular on the 18th of September when it shocked the crypto-markets by rising in value by 21%. In a time period that was less than 5 hours, XRP spiked from levels of $0.273 to those of $0.332 and has continued rising. The digital asset is currently valued at $0.36.

xRapid Factor

The reason for the sharp increment in value of XRP was news that the Ripple company was going to launch xRapid in the next month or so. This was after the firm’s head of Regulatory relations for Asia-Pacific and the Middle East, Sagar Sarabhai, made the following comments during a CNBC interview on the 17th of September:

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.”

Stellar’s Cross-Border Payments

The news of Ripple launching xRapid has come 2 weeks after the Stellar project and IBM, announced that they were entering the industry of cross-border payments through their new service known as IBM Blockchain World-Wire. The new payment settlement service has been quoted as being ‘near instant’ meaning that it will probably rival the transactions time seen in the xRapid pilot tests of 2 – 3 minutes earlier on in the year.

Stellar Acquiring Chain

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