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Stellar Lumens (XLM Coin) is so close the Biggest Next Cryptocurrency Bull Run Gains – XLM News Today – Sat Feb 09

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It Is So Close To See The Stellar Bull Run

Last couple weeks had been remarkable for Ripple. Yet the end of the seven-day streak may have lead to a minor recession in the general advances made by the cryptocurrency.  XRP is still up and is likely to continue bewildering.

Bearing in mind the bombshell news about Ripple’s xRapid platform likely being released to start contributing banks within the next couple of months, XRP’s advancement is relatively expected.

Name Price 24H (%)
Bitcoin (BTC)
$3,664.60
0.08%
Stellar (XLM)
$0.080467
-0.36%

But the communal is always trying to find the next huge bull run. Ripple’s value looks as if it has largely festered from the time when the foremost boom it reached. Other cryptocurrencies that might be knotted to the value of XRP are the new objective of mass conjecture as customers and investors in the upward crypto markets look to recover some of their losses.

XLM, or Stellar is the main coin which is drawing the interest of speculating analysts in the crypto space. Stellar is a company that intends to do something mainly parallel to what Ripple wants to do; they are working to create a scalable ledger system to maximize efficiency in transacting between major banks in the traditional financial realm.

Predictors argue towards a longstanding tendency that within next few weeks, XLM naturally will follow just behind its participant in value as a proof that it is likely to practice a parallel bull run.

Advantage of The Stellar

According to some experts and their analysts within the crypto field, Stellar has a strong benefit in marketability over Ripple. Whereas Ripple is specifically made-to-order to work with traditional banks in the traditional finance field, professionals say that Stellar is exclusively suited to work with Initial Coin Offerings (ICOs) and Decentralized Applications (DApps). This double functionality is one of the core mechanisms of the Stellar appeal, and it might just be the object to stand out that permits the coinage.

Stellar has also assertively endeavored to place itself in a limelight beside Ethereum. Both platforms could be a chief benefit for the DApp and ICO conception process, though Stellar claims an imposing list of exclusive welfares, including low transaction fees, pre-made decentralized exchanges, and fissionable transaction capability.

The vast submission of the technology is clearly one factor that could push XLM to new heights, while Stellar is clearly still has a long way form taking Ethereum’s spot as the preferred among cryptocurrency developers and blockchain.

Regulation and Stellar

Regulation is a major concern for all cryptocurrencies. Stellar seems to have a comparatively close lock on the supervisory, regulatory efforts by leading bodies within its authority. The Stellar Foundation has kept its intention relatively straight—and out of the court room, while Ripple has been enforced to ward off many endeavored proceedings from furious investors who had lost money investing in their token.

While this does not necessarily mean that the currency does not have to concern about governing movement in the coming months and years, nonexistence of clear attack from litigators is a progressive indication for the future of the currency in a legal nimble.

Moderately often, Stellar’s team is also disreputable for coming out with updates to their platform. The development team for the Stellar Foundation has released information on at least three main updates to be supplementary to the long list of functions on the network in the last quarter of 2018 on on.

First of all , Stellar’s developers are working to draw near to other cryptos on the market with the operation of state channels. Under a state channel, users are capable to perform their own transactions without having to do them on the actual Stellar blockchain. This is stereotypically used when the expenditures being established are not old-fashioned forms of transactions.

Stellar is also planning to implement a beta for its new lightning network possibly more exciting for the tech-oriented professionals on the blockchain. The lightning network is a distributed ledger solution which permits for much faster and well-organized transactions to befall at an advanced volume. The lightning network could effortlessly make the Stellar blockchain meaningfully more effectual than it already is, of course in theory.

Captivatingly, the new updates will also contain the live, non-beta version of the Stellar Lightning Network. Considering that many cryptocurrency updates takes months or even years in their testing phase before hitting the true network and this is something unexpected.

Bull Run is Near

With the whole thing released by the Stellar team, it should come as no coincidence that some predictors are foreseeing an enormous bull run just before the end of this year. It is only a matter of time of course if XLM actually does plan to sustained to follow closely behind XRP.

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Bitcoin [BTC] and other cryptocurrencies can be exchanged for ETFs and stocks, says Abra CEO

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Bill Barhydt, CEO and Founder of Abra – a leading fintech firm in the cryptocurrency space, spoke about a range of services offered by the platform, in an interview with Nugget’s News.

The discussion started with Barhydt talking about why he started Abra. He stated that it was because he wanted to “build an effectively new type of banking system,” adding that it was to replace traditional banking services with cryptocurrency-based services. The CEO stated that this could include investing, transferring money, and accessing credit. He also added that he wanted to create a “Whatsapp” for money.

This was followed by Barhydt stating that every country across the globe had its own dedicated mobile money system, such as Paytm in India, Venmo in the U.S, and WePay in China. However, there was no app that enabled its users to make cross-border money transfers. He went on to state,“[…] because they only work in one country by definition […] so one app that could work in every country could start to solve things like cross-border money transfer, cross-border payments, investing in Western assets in the east, and eastern assets in the West. so this is basically what we’ve built with the Abra service […]”

During the interview, the CEO was asked whether Abra’s focus was more on STOs, equities, and ETFs. To this, he stated that the platform was not providing any services related to STOs yet, adding that the market for those types of tokens wasn’t established as of now. He said that Abra currently supports 50 different fiat currencies and 30 cryptocurrencies that include Bitcoin [BTC], Litecoin [LTC], Ether [ETH], and Bitcoin Cash [BCH]. He added,

“[…] investment exposure via our smart contract model, so that you can invest in all 80 assets both crypto and fiat and move between them. We just announced that we’re adding US stocks and ETFs to that mix so they’ll be about 50 stocks and about 50 ETFs and you can literally exchange between any of the cryptos […]”

The CEO further added,“[…] and any of the stocks any of the fiat currencies and any of the ETFs so for example you can hold Australian dollars and buy Microsoft you can sell your Microsoft and exchange it for Litecoin and any combination of those across the entire portfolio […] our mission is to democratize access to financial services globally and this is a big step towards making that that vision a reality […]”

Source. ambcrypto

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Bitcoin [BTC] and Litecoin [LTC] Price Analysis: Bulls drag BTC from bear’s trap; fail to save LTC

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The cryptocurrency market was painted red on April 25 as most major coins fell. Bitcoin, the world’s largest cryptocurrency, also fell by 2.83% over the day, along with Litecoin [LTC], which reported a fall of 1.25% over the day.

At press time, BTC noted a fall of 0.39% over the hour and was valued at $5,433.19 with a market cap of $95.97 billion. The coin fell by 2.82% over the past day and noted a minimal growth of 2.90% over the past seven days. The 24-hour trading volume for BTC was observed to be $16.11 billion.

Source: Trading view

Source: TradingView

Resistance- $5,532.75

Support 2- $3,851.02

Bollinger Bands noted a bullish trend as the moving average line was under the candlesticks. The bands appeared to be converging, indicating reduced market volatility.

Awesome Oscillator indicated strong bearish momentum.

Chaikin Money Flow pointed towards a bullish market as the marker was above zero. However, it appeared to be approaching the mark, with a change in trend imminent.

Litecoin [LTC] one day chart

At press time, LTC fell by 1.25% over the past day and was valued at $72.54 with a market cap of $4.46 billion. The coin fell by 0.77% over the past hour and by 10.20% over the past seven days. The 24-hour trading volume was observed to be $3.13 billion.

Source: Trading view

Source: TradingView

Resistance- $93.131

Support- $59.488

Parabolic SAR indicated a bearish market as the dotted markers aligned above the candlesticks.

MACD line was under the signal line, pointing towards a bearish market.

Relative Strength Index indicated that the buying and selling pressure evened each other out.

According to BTC’s long-term chart, a bullish market was predicted. However, the CMF suggested that a trend reversal may be underway. LTC pointed towards a bearish market.

Source. ambcrypto

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Bitcoin Price Analysis April 25: Critical Decision Point For BTC – a Double Top or Hold Support?

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Since our previous BTC price analysis, and following the trend, the Bitcoin breakout had reached a daily high of $5627 on Bitstamp. This is still not our expected target (around $5700 – $5800), however, this is crypto and anything can change anytime.

Since yesterday, the crypto markets are suffering from severe declines: Both in Bitcoin and especially among the altcoins. This includes Ripple that keeps decreasing against Bitcoin since 2019 had begun.

A quick overview to keep things simple: the hourly and the 4-hours chart reveal a double top in Bitcoin around $5625. This setting is a bearish formation. From the other side, Bitcoin is still getting support from the mid-term trend-line on the 4-hour chart, along with the stiff resistance turned support area at $5300 – $5350.

Total Market Cap: $176 Billion

Bitcoin Market Cap: $96.3 Billion

BTC Dominance: 54.6%

Looking at the 1-day & 4-hour charts

– Support/Resistance:
As mentioned above, Bitcoin is very close to the ascending trend-line marked in orange on the 4-hour chart, along with the $5400 support area. This trend-line is holding nicely for the past ten days. The next critical support level is the resistance turned support $5300 – $5350 zone. Below lie the $5200, $5100 and $5000 support levels.

From above, after failing to break-out the previous high at $5625, Bitcoin marked $5500 as the closest resistance level. Above, lies the mentioned $5600 – $5625 resistance, before reaching to the major area of $5700 – $5800, which held the 2018 bear market as last support level throughout 2018. In case of a break-up, the $6000 level is not expected to be easier to overcome.

– Trading Volume: looking on the 4-hour chart, we see that the sellers’ candles (in red) are decreasing over the past two days. This could turn bullish, combined with the Stochastic RSI oscillator which is deep in the oversold area.

– Daily chart’s RSI: The RSI level had dumped down to 68, which is considered a support range. It will be interesting to see if it can find the necessary support here.

– BitFinex open short positions: the number of short positions continues growing up over the past days, and currently stands at 25.7K BTC open short positions.

BTC/USD BitStamp 4-Hour Chart

btc_apr25_4h-min

BTC/USD BitStamp 1-Day Chart

btc_apr25_d2-min

Source:cryptopotato

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