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Tag: Stellar Lumens

  • Is Stellar Lumens (XLM) coin a good investment in 2021?

    Is Stellar Lumens (XLM) coin a good investment in 2021?

    Stellar Lumens (XLM) is on a downtrend as the whole crypto market continues to be bearish. Lumens has fallen from a 52-week high of $0.79 to $0.26. At the time of writing, XLM coin stands at a price level of $0.2609. The price has shown a minor upside move in the past twenty-four hours but the overall sentiment is bearish. The daily trading volume of the coin is also dropping.

    Stellar Lumens (XLM) technical analysis

    Despite the bearish momentum in the market, Stellar Lumens has been identified to be on an ascending wave count. XLM coin is operating in a bullish falling wedge formation and is approaching the end of the formation. An upward wave count has been initiated by the cryptocurrency – as per an analysis. If the analysis is validated, Stellar Lumens can be expected to reach out towards $0.60.

    Stellar Lumens (XLM) technical analysis
    Stellar Lumens (XLM) technical analysis

    Wallet investor’s predictions forecast that Lumens will be priced at a price level of $0.599 in one year while the 5-year forecast shows a price level of $1.855. Digital Coin Price is not as bullish on the cryptocurrency and forecasts a price level of $0.88 in 2025.

    Is Stellar Lumens a good investment? 

    Stellar Lumens acts as a bridge between digital currencies and fiat currencies. Stellar blockchain supports the digital version of fiat currencies with its own token lumens to run on the blockchain. The founder of Stellar Lumens is Jed McCaleb who also co-founded Ripple. It is a fork of Ripple but while Ripple serves major financial institutions, Stellar is more inclusive and targets under-developed areas and niches – which also makes it unique. Stellar’s aim is somewhat altruistic. Stellar Lumens has established a repute for itself and is considered to become an integral part of the digitized world.

    Cryptocurrencies are notoriously known for their riskiness which makes them so appealing to the masses. Lumens is one of the top cryptocurrencies, currently standing at the nineteenth position in terms of capitalization with good future prospects.

  • Stellar (XLM) vs. Ripple (XRP) – Who will win the race?

    Stellar (XLM) vs. Ripple (XRP) – Who will win the race?

    Stellar Lumens (XLM) and Ripple (XRP) are considered strong competitors because of their similar offerings. They are not exactly the same but both the platforms are considered to be in a race. Stellar vs. Ripple debate is an ongoing one. Let’s delve into what both these projects are and who has a better future projection.

    Ripple (XRP)

    Ripple (XRP) was launched in 2013. The cryptocurrency had been operating in the top ten ranked in terms of market capitalization. The cryptocurrency has a price of $1.13, at the time of writing with the price having decreased by 15% in the past week. The year-to-date returns on the cryptocurrency are at $413%. Ripple is tackling the problems that the global payment ecosystem is facing currently. It aims to enable banks and other financial institutions to make international payments fast, cheap, and more efficiently.

    Stellar (XLM)

    Stellar (XLM) is operating at a price level of $0.47 with a 28% decrease in the past seven days, at the time of writing. XLM coin is ranked at sixteenth in terms of capitalization. Stellar has 273% year to date returns. Stellar and Ripple are considered strong competitors because they both target the same niche – increasing the efficiency of the global payment ecosystem. The difference in both the networks is the target audience – while Ripple is aimed at banks and other major financial institutions, Stellar Lumens targets the average person. Stellar also focuses more on the financial inclusion of less developed countries.

    Who will win the race?

    Ripple and Stellar both have private nodes without mining being allowed, incorporates distributed ledger technology and provides instantaneous transactions for the global payment system. Both Ripple and Stellar are unique in their own ways. Ripple has a higher market ranking with partnerships with many banking behemoths including the Bank of America, Royal Bank of Canada. Stellar has a partnership with the tech giant IBM.

    Ripple has its supply capped at 100 billion coins. Initially, Stellar Lumens also had a supply of 100 billion with inflationary mechanism; however, that was ended and now Lumens have an approximate supply of 50 billion. And the golden rule of economics states the lesser the supply, the greater the demand.

    The future of Ripple (XRP) is also based to a large extent on the SEC lawsuit going on with the foundation which alleges the firm had been raising funds through the sale of XRP as an unregistered security.

    Wallet Investor places Stellar Lumens at a price of $0.975 after a year and at $2.241 after five years while the projections for Ripple XRP are at $1.662 in one year and at $2.751 in five years. Digital Coin Price predicts Stellar to be at $1.61 in 2028 while Ripple is predicted to be operating at a price level of $5.17.

  • Stellar Lumens (XLM) on the rise, what to expect next?

    Stellar Lumens (XLM) on the rise, what to expect next?

    With nearly 500% gains in the yearly timeframe, Stellar Lumens (XLM) could not break its all-time high of $0.93 established three years ago in 2018. XLM coin was, however, able to form a new 52-week high at $0.68. At the time of writing, Stellar Lumens stands at a price level of $0.56. The price of the cryptocurrency has increased by 7% in the past twenty-four hours while the daily trading volume has gone up by nearly 30%. Stellar Lumens stands at 16th rank in the market with the capitalization of the coin, too, increasing.

    Stellar Lumens (XLM) technical analysis

    The market sentiment for stellar Lumens is neutral. Out of the total twenty-six technical indicators, ten stand at a neutral position while fifteen are giving out a signal of buy with only one sell indication. The oscillators and moving averages are, both, standing at neutral position.

    A trader has identified Stelar Lumens inside a triangle formation. The analyst is suggesting a long position on the cryptocurrency as the market is appears to be dominated by buyers. The Relative Strength Index is moving towards overbought conditions. The RSI couple with the bullish 6-hourly candle in indicative of buying pressure on XLM coin’s price. Per the trader, the 0.786 Fibonacci retracement which lies parallel to the price level of $0.54 is the immediate support level for XLM coin. Another support level can be found at 0.618 Fibonacci Retracement – at the price level of $0.43.

    Stellar Lumens’ (XLM) ETP

    A new milestone was reached for XLM crypto as a Swiss fintech company by the name of 21Shares AG has announced listing the exchange-traded products for Stellar Lumens along with Cardano. The XLM ETP (AXLM) was have a base trading fee of 2.5% and will be launched on Swiss stock exchange, SIX Exchange. Each AXLM will be backed by 40 XLM at the time of launch.

    The demand for Stellar Lumens has skyrocketed in the bull run of 2021 because of the coin’s performance and the potential it carries. 21Shares AG revealed that the ETP products for XLM saw a 200% spike in demand in the first quarter of 2021.

  • Best Cryptocurrencies to Watch in 2021

    Best Cryptocurrencies to Watch in 2021

    With the pandemic starting in 2020, cryptocurrency stocks have seen a new interest as the world has started to see a larger appeal in digital currency and Bitcoin has been at the forefront of everyone’s mind. With the start of the new year, cryptocurrency stocks have gained a lot more traction and reached past the $20,000 and $40,000 marks in a short amount of time. Earlier, an investment of $1.5 billion was made by Tesla into Bitcoin, which once again gave it the boost it needed with it breaking its $50,000 high mark. Some of the best cryptocurrency stocks expected to keep rising this year are:

    Bitcoin (BTC)

    It’s hard to talk about cryptocurrency without mentioning the cryptocurrency giant Bitcoin which has been dominating the market since the start of 2009. BTC suffered in 2018 but it proved itself strong to recover and surge higher than $40,000 in the start of this year with a market cap larger than $1 trillion. Bitcoin also has the edge with being the biggest known name in the world of cryptocurrency which makes it attractive to new buyers. Bitcoin has also been the inspiration for Bitcoin creators to introduce new features like Bitcoin Cash.

    Stellar Lumens (XLM)

    Like Bitcoin, Stellar (XLM) has also made a big comeback this year after its previous struggles and has come through with new and interesting projects such as its most recent $5 million investment in Wyre, a dominant blockchain payment provider which let Stellar access to new currency pairs. XLM has even been preferred as the blockchain for Ukraine’s central bank. With the way Stellar has been dealing with savings and compliance accounts such as Wyre, it has seen 260 per cent more growth of its users and this could lead to it becoming a new Pay Pal company.

    Chainlink (LINK)

    Chainlink is an Ethereum platform which works between two parties engaging in a blockchain network and records the transaction into data blacks. While a lot of other platforms working these transactions need to use real data to execute smart contracts, Chainlink has come up with the innovative solution of using oracles to revive the needed data for the network while ensuring that the data stays safe for the smart contracts. With the confidence the platform has been gaining, it is become a top choice for cryptocurrency and decentralized finance is also contributing to this.