Connect with us

Stellar

Huge Expectations For Stellar (XLM) Amid Strong Push For Mass Adoption

Published

on

Every now and then, we hear stories of how XLM is about to go on a bullish charge. However, that hasn’t quite happened yet. In fact, Stellar is yet to perform as good as Ripple’s XRP. That’s despite the fact that the two projects are very similar. Ripple has positioned itself as one main and very direct competitor to Stellar.

Still, that’s not to say that Stellar isn’t preparing for something big. If the current hype around the crypto is to be believed, XLM is about to take off massively. In fact, according to some experts, XLM could soon hit the highs of $1.

Partnerships

The team at Stellar has been working tirelessly to get the project onto the global stage. Stellar has entered into various beneficial partnerships in various countries across the world. These partnerships are aimed at creating in-roads into the global financial market to make it easier for the project to market itself and attract a mass following. 

One of the most notable partnerships that Stellar has scored is with IBM. If this works out well as it did for the likes of Microsoft, then there’s no denying that XLM could be the next crypto to watch. Stellar has scored some serious partnerships in Africa and South America. 

Usefulness Will Create Demand

At the moment, XLM sits at position 11 on the charts, while its main competitor, XRP, is at position 3. That means Stellar has a long way to go before it can dislodge XRP from that top position. XLM currently trades at around $0.1, but that’s expected to surge upwards as Stellar scores more partnerships and comes with more use cases for the crypto. 

As is always the case, the more it’s useful, the more a cryptocurrency gets adopted, and the more its demand rises. A rise in demand is always followed by a price spike.

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