Xlmusdt
XLM/USD - Shadowing Ripple, Stellar is moving towards $0.70!Stellar is moving in sync with Ripple which broke a key resistance at $1.5 (below my XRP idea). I expect Stellar to continue on this ascent until it meets the key resistance at $0.70 which happens to coincide with XRP reaching $2.
Therefore, we should continue on the way up until we face the resistance, at which point we will need to re-assess the chart. Last time, XLM was pushed down from this resistance, will it happen again? Usually the second try was successful in this bull market for alts, so my bias is that we should pass the resistance and shoot up this time around.
The indicators on XLM are similar to XRP, overall bullish and daily is posed to give us a nice bullish signal once MACD crosses on the positive side.
Being long on XLM and XRP is a good bet, the only moment to be cautious is when we reach the resistance level as a rejection there may turn us back to support again.
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STELLARStellar currently occupies the 17th rank on CoinMarketCap’s list with a trading price of $0.45 and a market capitalization of over $10 billion. In the past 24-hours alone, XLM saw its price surge by over 6 percent and is now close to breaching immediate resistance at $0.46. However, if the trend were to see yet another reversal, XLM may have to rely on the $0.41 price range for support.
Bollinger Bands are now starting to diverge once again, indicating increased volatility in the market in the coming 12 hours. The RSI indicator looks promising as it heads out of the oversold zone and moves towards the overbought zone.
XLM Chart , Resistance and SupportThis currency, like the rest of the market, has lost its support in the last two days and is facing a new resistance, which if it is not successful in taking it back, there is a possibility of correction up to 11% (maximum).
Note: This is just a personal opinion and check yourself before any transaction.
Lumen (XLM), Stellar’s native token $XLMUSD entry PT .342 PT .6921Shares Launches Stellar (XLM) & Cardano (ADA) ETPs, A Global First For Both
Stellar, is a purpose-built blockchain enabling the transfer of any kind of assets and currencies; for example Bitcoin, dollars and euros, and allowing developers to build low-cost financial services on the platform. Lumen (XLM), Stellar’s native token is a utility token for the platform to pay transaction fees. Stellar was founded in 2014 by Jeb McCaleb, co-founder of Ripple, and since then the network has processed more than 450 million operations made by over 4 million users.
Both AXLM and AADA ETPs will allow clients to diversify and gain exposure to cross-border transitions between any pair of currencies whilst Cardano will help running smart contracts using proof of stakes on a level previously not possible executing using your bank or broker. The ETP structure is 100% physically collateralised, segregated and replicates 1:1 the tracking of both crypto assets. Coinbase will assume custody for XLM and Kingdom Trust for ADA. Physical replication for AXLM and AADA aims to track the performance of stellar (XLM) and Cardano (ADA) with each unit of the ETP backed by approx. 40 XLM and 16 ADA respectively at launch. Both products have a base fee of 2.5% p.a and will also be available on the Stuttgart and Dusseldorf MTFs.
The entire suite is listed on a regulated framework on the official market of Deutsche Boerse, SIX Swiss Exchange, BX Swiss and some on Börse Stuttgart in CHF, USD, GBP and EUR respectively. Founded in 2018, 21Shares is led by a team of talented serial entrepreneurs and experienced banking professionals from the technology and financial world. Incorporated in Zug, with offices in Zurich and New York, the company has launched several world firsts, including the first listed crypto basket index (HODL) ETP in November 2018. 21Shares has 12 crypto ETPs listed today and has over $1.55 Bn in AuM in total listed products.