Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 11th of May 2018.
Using this buy in point and selling at today's peak price, you would have expected to net 16.58% PROFIT!!! IN LESS THAN 24 HOURS!!!
The increase in price may also be explained by positive developments including:
March 8: Stellar announces a partnership with Keybase (who have created a general set of cryptographically secure tools (chat, file storage, git)
March 19: Stellar -4.91% notifies intention to integrate lightning network into its protocol.
March 22: Kik 2.95% notifies intention to use Stellar as a platform for their KIN tokens.
April 17: Novatti Payments (Stellar's anchor partner) integrates with Stellar's blockchain platform.
April 27: The MobileCoin ICO 0.00% a Binance backed ICO 0.00% that uses the ‘Stellar Consensus Protocol’ to facilitate mobile payments. Stellar -4.91% is able to get a foothold in the mobile payment market allowing users to send and recieve money through instant messaging services. This provides publicity to Stellar -4.91% as a platform for initial coin offerings (to compete with Etthereum as a platform for ICOs)
April 27: Lumenette mobile wallet that allows users to send Lumens to anyone on their personal contact list via phone/email
(NEW) May 1: Bitfinex (cryptocurrency exchange) lists Stellar Lumens
(NEW) May 12: Morph Wallet supports Stellar Lumens.
(NEW) May 12: Chinese government announced the introduction of a blockchain rating system and now the 28 projects that will be rated are known. One of these projects is Stellar.
Analysis reveals that a combination of these developments (especially with Bitfinex listing Stellar) together a broader recovery in the broader cryptocurrency markets has led to increase in the price of Stellar.