Stellar Lumens Lately
Stellar Lumens (XLM) have not been having a good time. Their coin went down until last week when it recovered as the Mobile currency used the Stellar Consensus to raise money; they got $30 million which brought attention and traffic in Stellar Lumen’s way.
Stellar’s recovery went all the way through last Friday, with their cryptocurrency on the lead. They even enjoyed gains. Their market value is now at $415.5 billion with a volume worth 27.4 billion.
Mobilecoin’s choice for quick transactions is Stellar Consensus. This coin allows for mobile payments to come together with messaging apps like WhatsApp and Signal. Mobilecoin is still a Canadian startup but enjoys the support of prominent players like Binance Labs. So, the initial ICO has done well, selling tokens through Ethereum.
The partnership between Stellar and Mobilecoin benefits the cryptocurrency a great deal, as shown by the way the pice has increased recently. Stellar will also benefit by being the coin that goes along with messaging apps. This will be a first outside China: an altcoin that works for money transfers in instant messaging apps.
According to Coinmarketcap, Stellar Lumens has been the best performer recently. It’s had a 16% increase in price, which is unparalleled by other coins right now. It went from $0.36 to $0.43 in a matter of days (10% growth in last 24 hours alone). Mobilecoin integration prompted this but experts expect even more. Here is why.
Reasons why Stellar Lumens will continue perming well
Stellar Lumens does not grow by earnings but by inflation. This means it makes the unavoidable laws of economics work in favor of users. The firm proclaimed that 100,000 new coins would be given out to coin users every week. That is distributed according to inflation rates and Lumen’s user members. No charges at all.
Then there’s usability. Stellars is about to join Lobster, and this means that users can get an account and become instantly able to trade Smartlands, KIN, Mobiu, and Terino at the touch of a smartphone’s click. It works on iOS and Android. It’s simple and easy to use. And, the e-wallet is safe because it allows for fingerprint and Pin verification.
Then, there’s the Repo’s coin airdrop, which has also made fans out of neutrals. Repo’s platform uses Lumen Consensus to get rid of the traditional ERC20 protocol. It solves non-payment issues, and the same technology solves the problem concerning securities by debtors.
Repo Coin airdrop in progress… (up to 200 REPO worth ~ $100! each person!)
1. Get some Lumens if none: https://t.co/fQus2JDbdr (fiat/BTC)
2. Put at least 3 XLM into own wallet if not yet (not at exchange!)
— Stellar Lumens (@StellarLumens) April 24, 2018
A user would need to own at least 3 XLM to qualify for an airdrop, but every user who does could get $100 worth of coins in their wallet. This attracts new users and investors.
Ripple vs. Stellar Lumens
Both Ripple and Stellar have been in the top 25 always. They hold great potential which is not surprising when you realize they were both created by Jed McCaleb. But each answer to different questions, which is why they compete with each other (for the market share, and not the services provided). They are both performing well, but it would pay off to understand how they came to life.
The point in Ripple was to create faster, cheaper international transactions among institutions. Stellar was built using Ripple as a foundation. Actually, the point in Stellar was to improve Ripple and fix the problems it had. It eventually became a cryptocurrency on its own.
But Ripple has become quite successful, and many institutions have adopted it to do payments and transfers using it. It’s slowly becoming the means for international money transfers. Stellar’s coin also allows for that, so it’s been undermining Ripple’s markets slowly.
Ripple remains a lot more popular as institutions all over the world adopt it for transactions, internal or international. But Stellar performs better, especially over the last week. And chances are it will do even better as Lobster wallet integration and the Repo airdrop becomes real.
Still, be alert. Ripple could make a bold move that changes everything.
Keep an eye on the market because Ripple could seriously challenge stellar Lumen’s superior performance. If you are looking to invest in either currency, do your proper research first.
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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.
Image courtesy of BagoGames via Flickr
Reasons Why You Are Much Safer When Crypto Trading on Dexes
While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.
During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.
Here are some reasons why you might want to consider doing the same.
1. True ownership of your coins
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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.
Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.
He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.
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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world. Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon. This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs. One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos. TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.
Problems with Centralized Casinos
The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model. And online casinos are no different. It still needs to be said that centralized casinos have proven that there is a great demand for online gambling. The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative. But industries are continually evolving and this one is no different.
A few of the problems facing centralized casinos include the following:
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These are four monumental issues that need to be addressed quickly given the global growth of the market. Casinos need to…
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