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Stellar Price is Down by 3.4% Since Yesterday

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XLM coin is seen trading at $0.059175 at 10:30 UTC on September 11, 2019. Considering the trades of yesterday, Stellar was initially seen trading at $0.0612684 at 01:21 UTC. Then, it dropped tremendously by 3.04% at 21:20 UTC, when the price changed to $0.05940655. Today, however, a slight increase of 0.93% in the price of Stellar was seen at 01:23 UTC with the price trading at $0.05994455. At 09:28 UTC today, XLM price hit the lowest at $0.05881414, which is slightly increased by 0.60% as of now.

Stellar is showing bearish trend today as well. It seems that it has

become a pattern now. But the real question is when the pattern will change. The further prediction for the coin seems difficult as of now. And by the year-end, the price might further drop rather than touching the highest point.

Stellar Price Chart by TradingView:

Stellar Price Chart
Stellar Price Chart by TradingView

XLM Price Prediction:

Considering both short-term and long-term investment decision, both might not be in favor of traders as of now. Stellar Lumens has constantly shown price movement in the downward motion. The downtrend is definitely raising concern for the users. Considering the past data and analysis, it seems that the highest touch point is difficult to realize.

The resistance and support levels might be helpful for XLM traders hold on to their position and avoid any losses:

R1: $0.060489, R2: $0.062605 and R3: $0.064083

S1: $0.056895, S2: $0.055417 and S3: $0.053301

Source.cryptonewsz.

Stellar

Latest News and Top Headline for Stellar Lumens, January 20th, 2020

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  • Binance Futures to launch XLM/USDT trading pairs
  • Binance to implement a 1% pricing limit
  • Binance announced the end of the buy BTC at 50% discount promo

Stellar Lumens News Today – Binance, the world’s largest cryptocurrency exchange has been rolling out new protocols to ensure that its users get the best service. Binance had initially promised to bring in more trading pairs to its exchange. Now, the platform has announced hours ago that the Binance Futures will add the Stellar Lumen (XLM) and Tether (USDT) trading pairs.

Users will now be able to trade XLM/USDT from January 20, 2020. Per the report, users will be able to trade with the recently added trading pairs at 08:00 AM (UTC) today January 20. Binance also adds that users will be allowed to choose between 1-75x leverage. Binance took to twitter to reveal the latest milestone for the network on a mission to keep spreading its tentacles.

Bitcoin (BTC) Price Today – BTC / USD

#NamePrice24H %
1Bitcoin(BTC)$8,676.07-0.18%

Binance will implement a 1% pricing Limit

In a bid to prevent market manipulation, Binance has announced that it is going to implement a 1% pricing limit for new trading pairs in the first 15 minutes from when trade begins. While the new offering by Binance will leave users excited, the world’s biggest exchange has warned users that there is great risk in Futures trading.

There is a strong chance of all

users who participate in futures trading to suffer significant losses. Hence, they need to be aware of the risks involved. The exchange also urged its users to exercise caution in the market due to the high level of market volatility capable of liquidating the balance in user futures’ wallet. Users are urged to trade responsibly.

The buy BTC at 50% Discount Activity Has Ended

In other reports relating to Binance, the exchange has recently announced the conclusion of one of its schemes. This time it is the buy Bitcoin (BTC) at a 50% discount promo. According to the report, Binance says it will give out all rewards evenly to the winner user accounts. The users who participated in the scheme and turned out as winners can now go ahead and confirm their rewards on their wallet’s “Distribution History” page. According to Binance, the initiative revealed several things about the exchange. Here are the results:

  • The exchange’s daily ROE posted its highest at 1874%.
  • The biggest weekly profit came for USDT at 812,475 USDT.
  • The overall trading volume of the Binance Futures platform recorded a new high point of $3.46 billion as of January 14.

Binance hopes that users make the most of the new offering. At press time there is no sign that the new inclusion had any impact on the price of the BNB coin.

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Stellar Lumens News Today – Headlines for January 16

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  • Visa buys the Plaid financial platform to compete with Stellar Lumens and Ripple
  • The deal cost twice of Plaid’s worth at $5.3 billion
  • The acquisition will improve cross-border payments

Stellar Lumens news today – global payments processor Visa has reportedly completed a deal that will ensure the improvement of cross-border payments. The company has reportedly acquired the Plaid financial platform in a $5.3 billion deal. Plaid is a data network that makes tools that ensure that people can connect and exchange any type of financial information on applications and services like Venmo, Abra Wallet, Coinbase, and Transferwise.

With Plaid, users can manage their saving and spending habits. Plaid has been operational since 2013. It was founded by Zach Perret and William Hockey and is headquartered in San Francisco, California.

A Match Made in Heaven

Recall that Visa had previously promised to expand the level of its operations and enter into new waters. The firm also intended to expand its profile and enter into markets. Now it has moved to acquire Plaid. This acquisition might just be exactly what Visa needs to fulfill its lofty ambitions. The decision to merge with Plaid can boost the payment processing capabilities of Visa’s customers. It is also expected to serve the entity’s current and new clients better.

The scheme will expand Visa’s desirability and the scope of its

services to users. When reached for comments, the CEO of Visa, AI Kelly said this about the acquisition of Plaid:

“Plaid is one of the leading entities in the ever-growing fintech sector with high talent and capabilities. This acquisition, added with to our many fintech efforts underway, will place Visa in a good position to deliver more value for financial institutions, developers, and consumers.”

Visa May have Toppled Ripple, and Stellar with its New Acquisition

It is well known that the demand for rapid cross-border/international payment services is very high. Hence, this recent acquisition will allow Visa to meet this demand better. It may come as bad news for other providers like Stellar and Ripple. Ripple reportedly has 300 partners around the globe currently, with some of their partners long-standing heavyweight financial institutions. Ripple’s expectations remain bullish for now as the network expects to do some serious business this year.

Stellar Lumens, on the other hand, has a huge share of the payment sector which might make it envious of Visa’s recent acquisition of Plaid. Obviously, the network would be plotting a counter-attack. Recently, Stellar partnered with Thai tech-based firm Lightnet. Lightnet is an ambitious firm seeking to overtake SWIFT and be crowned the number one international payment system. Lightnet has since realized a whopping $31.2 million in VC which will be used to create a software solution based on Blockchain used by Stellar Lumens.

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News Today – Top Headline for Stellar Lumens, January 12th, 2020

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  • Thai-based Lightnet will replace SWIFT with Stellar and Ripple
  • The Blockchain startup has raised $31.2 million in its recent financing round
  • Lightnet to facilitate $50 billion worth of transactions annually

Stellar Lumens News Today – Getting a reliable low-cost global remittance solution for immigrants looking to send funds to their families has become difficult. Existing solutions like SWIFT offers over the top charges and is relatively slow. This has been a challenge for users who require a more efficient service. The Stellar network can be used to provide this solution. Now one firm is looking to make things easier for those affected.

According to reports, a Thai-based Blockchain provider, Lightnet, is set to replace its SWIFT payment solution with Stellar. The Blockchain startup that just raised $31.2 million in VC funding is looking to attack existing systems like SWIFT. Lightnet’s recently raised capital will be used to build a Stellar based Blockchain solution which will replace SWIFT.

4 Billion Users will benefit from the Stellar-backed Technology

Some of the investors who raised the funds for Lightnet include UOB Venture Management, Uni-President Asset Holdings, HashKey Capital, Signum Capital, Hopeshine Ventures, Du Capital, Seven Bank, and Hanwha Investment & Securities. China and India are Lightnet’s largest target markets for its new Stellar-based solution. Together, China and India account for half of the global population.

Per the

report, the reason Lightnet was founded was to revolutionize the global remittance market. Lightnet wants to help migrant workers who don’t have bank accounts and have to send money home to their families with old and overpriced remittance methods as well as long transaction times. The remittance market will gradually be taken over by Lightnet. It will eventually see the demise of existing systems like SWIFT.  According to the vice-chairman of Lightnet, Tridbodi Arunanondchai, a volume of $50 billion will be handled by Lightnet in the next three years.

Lightnet Already offers BirdgeNet, SmartNet, and LiquidNet

Lightnet already offers three highly innovative payment solutions including BirdgeNet, SmartNet, and LiquidNet. The main platform has already been completed and the first of many transactions is expected to be completed by the conclusion of the quarter of this year. The report also adds that the Thai-based Blockchain solutions company plans to establish more collaborations with big entities like MoneyGram, Seven Bank, Ksher in Japan.

According to Lightnet, this will be done to make sure the ecosystem continues to grow and move in the right path. Ripple and Stellar provide cross-border payment solutions in real-time and low cost. Ripple has been working with MoneyGram since last year and the network has achieved strong results so far. Stellar recently presented a ten-year financial plan that calls for the rest of the 30 billion XLM, to be used for marketing, relationship development, and developer compensation.

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