Connect with us

Stellar

Stellar Lumens (XLM) Breaks Key Resistance, Surges 55% To Outdo Bitcoin

Published

on

  • Stellar Lumens (XLM) rally, add 55.6 percent
  • The network failed for two hours on May-15

Stellar’s validator nodes “trust” the SDF nodes. Because of that, there was a failure, and the system couldn’t reach consensus for two hours on May-15. At the moment, XLM is under pressure but up 18.8 percent in the last day.

Stellar Lumens (XLM) Price Analysis

Fundamentals

In the words of Yorke Rhodes, development around blockchain feels like it is back to 1995. Then, the internet had little interest to the average consumer. Fast forward, 19 years later, and Web-1 is indispensable. Everyone can be a publisher in this decentralized web where communication is seamless.

Now, it’s blockchain’s turn, and as the world readies for “investment,” Stellar is laying down the infrastructure. The native currency, XLM, fulfills the same functions as XRP, a coin that is embroiled in controversies, struggling to clear the centralization and security tag. However, it is XLM that is under investor’s radar.

Aside from influential partners in IBM, Coinbase is airdropping the coin increasing demand for the asset. At the same time, XLM did draw some momentum from the “Coinbase effect” following its listing at the American exchange.

All the same, XLM did crumble for some hours today following a freeze in the network. For two hours on May-15, the platform couldn’t reach consensus meaning no transactions were validated, because, one Redditor said “most validators on the network, if not all of them, trust SDF nodes. So that means that SDF validators are needed for the network to reach consensus.” In his explanation, Jed McCaleb, co-founder of Stellar, said:

“Over the last months, we have worked to get people to not depend on the SDF nodes. As of maybe a month or so ago the SDF nodes could safely go down and the network would continue. However, this also means that the network can halt even if the SDF nodes are still running. Unfortunately, this is what happened.”

Candlestick Arrangement

Stellar Lumens XLM

With a pin-bar and zero-support, Stellar (XLM) is melting. Even so, it is up 18.8 percent in the last 24 hours and a massive 55.6 percent from last week’s close. At the back of this is a humongous bull bar marking the entry of buyers, thrusting above a 5-month resistance level at 13 cents.

Because of yesterday’s event and volumes behind the breakout bar, every low dip should be a buying opportunity with the first target at 18 cents. That will be a retest of Q2 2018 lows. Nonetheless, any blast above 20 cents could see XLM rally to 30 cents.

On the flip side, should today’s overvaluation spur a sell-off below 11 cents and 8 cents with high participation, our bullish outlook would be null.

Technical Indicator

From the chart, prices were mostly ranging with caps at 13 cents and floors at 8 cents. After May 15th’s bull bar — 5 million versus 1 million, any bar cementing buyers above 13 cents ought to be with equally high volumes above 5 million.

-News Source

Stellar

Stellar price forecast: Bullish pressure likely on XLM after price correction

Published

on

Sellar is testing the $0.080 resistance level; if the bulls break the initial resistance level, XLM’s price will rise and reach a high of $0.09 price level.

Key Highlights

  • The demand zone of $0.07 holds as the bulls marked an upward move
  • XLM market is facing resistance at the $0.08 price level
  • Stellar Lumens native crypto, XLM’s price is likely to rise to the previous high of $0.09 price level

Stellar Current Statistics

The current price: $0.074

Market Capitalization: $1,467,975,839

Trading Volume: $56,933,556

Major supply zones: $0.09, $0.1, $0.11

Major demand zones: $0.07, $0.06, $0.05

Stellar (XLM) Price Analysis

The price of Stellar has reached the demand zone of $0.070 price level. The $0.070 support level is holding as the bulls struck an upward move to the previous high. In the previous low of July 16, the $0.080 support level was held as the bulls claimed an upward move but were resisted at the $0.10 price level.

This resistance resulted in the price to fall to the present low at $0.072 but before the support level at $0.070 price level. Today, the coin is testing the $0.080 resistance level; if the bulls break the initial resistance level, XLM’s price will rise and reach a high of $0.09 price level. On the other side, if the bulls break above the $0.09 price level, the crypto will continue its upward move.

XLMUSD-Daily Chart August 13, 2019

Chart Indicators Reading

Meanwhile, the XLM price is out of the oversold region of the Stochastic indicator, and it is above the 25% range. This indicates that buyers are likely to emerge, and it also shows a bullish signal. The bulls break the lower trend line, and the candlestick closed on the above it.

This is an indication that the bullish trend is likely to continue. The 12-day alongside 26-day EMA is still trending and pointing southward (indicating the downward direction). On the other side, if the bulls manage to break above the EMAs, the cryptocurrency’s price will be in the bullish trend zone.

General Outlook for XLM

The coin is likely to rise if the bulls manage to sustain the price above the lower trend line. Similarly, if the bulls break the initial resistance at the $0.08 price level, Stellar (XLM) will continue the bullish movement. On the other hand, if the bears break below the lower trend line again, the market will resume its downward trend.

News Source

Continue Reading

Stellar

Stellar Price Analysis: Stellar (XLM) Price Slips Down Again; Market Pressure Rules The Coin

Published

on

  • Stellar (XLM) comes under market pressure.
  • The price embarks the downtrend again.

Stellar was seen improving yesterday, but the coin has again started moving downwards. The coin was expected to keep the momentum tight, but the market pressure has forced to let it loose. The traders were quite positive about the coin, but it seems like the investors need to wait a little longer to witness the price rally in Stellar. The coin holds pretty good future prospects, but the intraday investors will not be seen benefiting from the coin today.

Current Statistics of Stellar:

  • The current trading price of the coin is $0.07582600.
  • The ROI (Return on investment) stands at 2412.65%.
  • The coin is currently ranked at 11th position in the crypto market.
  • The currently circulating supply is 19,633,172,523 XLM whereas the total supply stands at 105,243,009,213 XLM.
  • The 24hr volume is noted as $57,178,901.
  • The market cap is at $1,467,943,362.

XLM to USD Price Comparison:

The chart is taken from Trading View as on 13th August 2018, at 05:27:45 UTC.

Stellar Price Prediction
Stellar Price Chart by TradingView

The three-day chart is indicating an escalation in the coin’s price. On 11th August, the coin jumped from $0.073 to $0.080 by 9.19%. The coin then declined from $0.080 to $0.077 by 3.15%. The coin booked an escalation of 5.76% as the coin closed around $0.077. On 12thAugust, the price changed from $0.077 to $0.075 by 2.58%. The coin is currently trading at $0.075.

Stellar Price Prediction and Conclusion:

Stellar (XLM) would again see the rising sun in the upcoming days. The traders who have lost their hopes would be seen returning to Stellar with their investments in the near future. The coin has great potential. Stellar Lumens, the parent company behind the currency is making continuous efforts to enhance the popularity of the coin. We have heard about the promising upgrades that would take the price up in the future. The coin is likely to trade around $0.2 by the end of 2019. The long-term investment would bring a colossal amount of profit.

Source:cryptonewsz

Continue Reading

Stellar

Stellar releases key updates as Saldo.mx plans to issue an asset on Stellar Network

Published

on

Stellar, currently ranked 11th in the crypto rankings with a market cap of $1.5 billion, recently revealed the developments undertaken over the past month.

Stellar released a plethora of updates in the month of July, which included the likes of the Horizon 0.19.0, Stellar Core v.11.3.0 and the Stellar Ticker v.1.1.0. The community also managed to successfully reset the Stellar test network which took place on July 31, at 09:00 UTC.

In keeping with the progress on the technical front, Stellar was currently being used by Saldo.mx, a platform facilitating cross-border payments in Latin America. Marco Montes Neri, co-founder of Saldo.mx, recently explained that the company was issuing an asset on the Stellar network that was pegged to the Mexican peso.

He said,

“In order to transform how remittances work, we need these irreversibility and transparency that open ledgers like Stellar offer. Stellar is very optimized for payments. We don’t need smart contracts, complex capabilities, but we need efficiency.”

Personalities associated with Stellar were also active as Denelle Dixon, CEO of the Stellar Development Foundation releases a medium post about blockchain policy.

In her article, Dixon spoke on a collective basis for blockchain and virtual assets and indicated that currently there was a “confusion, misinformation, and concern” regarding using blockchain and crypto for payments. She said,

“We want to help clear up confusion and alleviate concerns through engagement with the ecosystem, policymakers, and regulators alike. For us, success would be a shared understanding about the application of existing rules and a clear idea of where new rules may be necessary.”

Source:ambcrypto

Continue Reading
Open

Close