Stellar (XLM) is a cryptocurrency, a digital asset, a medium of exchange for secure financial transactions. Cryptocurrencies use a decentralized control as opposed to common central banking systems. This decentralization is usually controlled by a distributed ledger technology like blockchain processes.
The well-known Bitcoin currency, first released in 2009, is considered as the first decentralized cryptocurrency. However, since its release, over 4.000 alternative cryptocurrencies have been created. Stellar (XLM) is one of them, and it may unveil more value than most current altcoins.
The internet is made up of network servers containing our date, websites and applications. Like the Internet, Stellar is a network of decentralized servers in many locations that power the distributed ledger. This ledger records every transaction in the system for people and companies alike.
A complete copy of the global ledger exists on each Stellar server. The network become more robust and secure with more servers as they communicate with each other to verify transactions and sync the ledger periodically. The ledger records your money as credit, issued by anchors.
Anchors act as bridges between a given currency and the Stellar network. Banks and payment processors are an example of real-world anchors. The credit is issued to your online account, just like a virtual wallet, in exchange for deposits. Anchors have to be trusted to hold your money. Credit can be sent and received between people of the network.
Stellar has a distributed exchange so you can also send USD credit using EUR credit between your friends. The network will do it at the lowest rate possible. They will then receive the money which can then use by withdrawing using an anchor supporting the currency.
One lumen (XLM) is a unit of digital currency, like a bitcoin. Lumens are the native asset of the Stellar network. While you can’t hold a lumen in your hand, they are essential to the Stellar network—they contribute to the ability to move money around the world and to conduct transactions between different currencies quickly and securely.
Now that you know how crypto works and what Stellar does differently, why should you consider starting investing in it?
Deloitte, one of the world’s largest financial consulting firms, set out to innovate in the core banking space with blockchain technologies. They had a prototype that reduced transaction costs by 40%. Each transaction resolved in 5 seconds. Eric Piscini said, “the client was amazed by how fast and how cheap those transactions were.” In other words, this partnership launches the cryptocurrency world to a new higher level.
Although many recall all the buzz, regarding the Bitcoin value crash and the consequent controversy, Stellar invests in a continuous development approach. The partnership between Stella Lumens and IBM runs deep. They’ve announced steady progress on a wide range of shared initiatives. IBM along with 12 other banks across the world have joined hands for the faster transaction of financial assets throughout the world.
What about predictions? Stellar has been maintaining a steady trend since the beginning of 2019 with the price of the coin peaking up to 0.13 USD in the April. Stellar’s recent listing on the coinbase platform is now making it more accessible to the traders, and hence a price surge of over 75% can be expected till the end of 2019 with the highest peaking to almost 0.15 USD.
Google and other big companies already predicted that in the next 2 years, the value of each XLM coin will fall between 10 USD and 100 USD. Nothing is certain as cryptocurrency come and go, however, Stellar seams to be the one to bet on when it comes to target a bigger future revenue in the near future.
Stellar Grows by 0.8% Overnight; Eyes at Resistance of $0.0599
- Stellar gains 0.8% in the last one day.
- It may find the next resistance at 0.0599 USD.
Stellar has started the week with a 0.8% hike in the trading value against USD. It is now roaming around 0.058 USD. It has been through three major price variations in this period.
XLM to USD Price Analysis-
Between 01:07 UTC and 07:33 UTC, XLM price made a heavy gain of 1.03% and added 0.0064 USD to the value. This lifted it to 0.059236 USD, the highest point for the day. This was followed by a fall of 1.85% and lost 0.001099 USD, and it had a break at 0.058534 USD. The last swing for the day is a hike of 1.56% that took it to 0.059051 USD after a surge of 0.000908 USD.
Stellar Price Prediction-
Stellar has been through many volatile phases since the starting of this year. The current trading value is way behind its YTD high of 0.145 USD. However, experts’ prediction hints at a bullish medium-term for Stellar. The next resistance for the coin may fall at 0.0599 USD. Investors are advised to wait for the long-term to realize maximum returns.
Resistance and Support Levels-
R1- $0.059055, R2- $0.059987, R3- $0.061177
S1- $0.056933, S2-$0.055743, S3-$0.054811
Interstellar, a Startup Focused on Stellar Network, Appointed Mike Kennedy, as CEO
An enterprise organization concentrated on developing the stellar framework, Interstellar, has designated Mike Kennedy as Chief Executive Officer recently. Interstellar has created another organization which present CEO Adam Ludwin will lead.
We are thrilled to have Mike lead Interstellar through its next phase of growth. Mike’s record of success founding and growing Zelle [fka clearXchange], his innovation in mobile payments, FX and banking, and his history as a high-impact advisor to Stellar make him the perfect fit to lead Interstellar.
Alongst Kennedy’s deputation, Interstellar additionally declared that it is “spinning-out a new app-focused company” known as Pogo, which has been in stealth mode for quite some time. Kennedy will supplant Adam Ludwin, the previous RRE Ventures partner and the present CEO of the blockchain payments startup Interstellar.
In the meantime, Ludwin will proceed to steer the organization’s most recent project, Pogo, a subsidiary that will concentrate on applications and mobile wallets. Further, Kennedy’s designation as CEO at Interstellar pursues the news that Franklin Templeton, Investment fund, plans to tokenize the part of a government currency market fund on the stellar system.
Besides, as CEO, Mike will direct all aspects of Interstellar, by focusing on helping to expedite the adoption of the stellar system for worldwide payments. Mike is an accomplished official with notable payments experience. Moreover, he established, led, and sold Zelle (fka clearXchange), one of the most prominent Peer-to-peer payment frameworks in the US.
Furthermore, Kennedy’s system Zelle, the payment framework is utilized by Citi, JPMorgan Chase, Bank of America, and several other finance-related organizations, as indicated by its site. Additionally, it claimed that Zelle oversees over 50 billion dollars in transaction volumes from more than 25 million clients.
Interstellar was initiated in 2018, from an acquisition deal with Lightyear.io, a startup based on the stellar protocol, and a decentralized ledger technology builder chain. Meanwhile, the organization expressed that it planned to provide enterprise solutions for embracing the stellar blockchain, created by the non-profit SDF (Stellar Development Foundation).
Regardless, Interstellar is developing the system by building the payment layer on stellar, a sector where Kennedy has broad experience. The organization has been associating with different banks, authorized non-bank providers and organizations, and building layers to attract a more extensive client base, as indicated by Kennedy.
Presently at Interstellar, Kennedy intends to work on with similar giants like correspondent banking and the SWIFT payment framework. Over and above, most traditional financial organizations use these instruments to transfer cash universally; however, Kennedy said blockchain could do it quicker, more reliably and at a lesser cost.
Stellar Records 1.7% Surge in a Day; Crosses $0.059 Mark
- XLM may surge up to $0.070 by this month-end
- XLM may start trading between $0.090 and $0.1 by next month
It has been a good year for XLM token so far. The coin has got some amazing surging moments, the firm has got new partnerships, and more investors have started showing interest in the potential of the token. The remaining months also look smooth. The coin may surge up to $0.100 again in the next few months and may start giving good returns. The current market performance looks promising.
XLM Price Statistics:
Stellar has recorded over 1.7% uptrend since yesterday rising from $0.057 to its current value at $0.058 as on September 15, 2019, at 09:11:38 UTC. The coin traded at around $0.057 till noon yesterday but then started gaining momentum to climb up to $0.059 towards the end of the day. Its pace has reduced a bit since then, but as the day approaches the end, XLM may surge up to $0.059 once again.
Stellar Price Chart
- The price of XLM is noted to be $0.058 and 0.00000564 BTC
- The market cap of the coin is now $1,171,552,797
- The 24 h volume of the coin is noted at $150,033,798
- The circulating supply of the coin is 20,083,652,710 XLM
- The ROI of XLM stands at 1,817.86%
The highest recorded value of XLM in the last 90 days was $0.134, and in the last 30 days, it was $0.073. This is a huge margin for the coin to be covered in the next 3 months. The coin may start trading between $0.060 and $0.070 in the next 2 weeks of this month.
XLM Price Prediction:
XLM may climb up to $0.110 by the year-end and may even start trading between $0.110 and $0.150 by early next year. The coin has slowed down a lot in the last 2 months after showing sudden upward surge but may gain momentum before the year approaches the end. XLM may cross its all-time high value at $0.9 by the end of next year and may even start trading between $0.9 and $5 in the next 2 years.