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Why Uganda picked Stellar Lumens to power the currency of its brand-new city
Per a report by NBS Television, Uganda is planning to build a futuristic city. The project has received the green light from the local government and is set to be completed by 2036. American singer of Senegalese origin, Akon, has been awarded one square mile of land to carry out the project. To be named…
Could the EU usage Stellar Lumens to provide its CBDC?
On a Reddit post, Stellar community has discussed the most recent developments on the possible issuance of a central bank digital currency (CBDC) by the European Union. According to statements by the president of the European Central Bank, Christine Lagarde, a decision on the project will be made by mid-year. Lagarde has had an unfavorable…
Ripple Claim Sets Off XRP Led Altcoin Armageddon
Depending on your view, a devastating blow has been dealt to crypto, or a much-needed purge is in progress due to the SEC suing Ripple and two of its top executives for selling XRP tokens which the regulator claims were unregistered securities. XRP dropped dove over 30% on the news, but the carnage might only…
Charted: Outstanding (XLM) Increases, Why Break Above $0.20 Promises
Stellar (XLM) surged over 70% in the past three sessions and it broke the $0.1800 resistance against the US Dollar. XLM price is likely to continue higher towards $0.2000 or $0.2200. There was a sharp upward move above the $0.1500 resistance against the US dollar. The price cleared many hurdles near $0.1650 and settled well…
Pseudonymous Crypto Trader Trashes Significant Altcoins: “Tides Have Turned” To DeFi
There’s no denying that DeFi is the hottest trend in crypto, bar-none. This sub-set of decentralized finance-focused altcoins have been on fire as of late, beating out Bitcoin and other top crypto assets by a large margin. It has prompted one pseudonymous crypto trader to trash major altcoins like XRP, Litecoin, Bitcoin Cash, and other…
Excellent (XLM) will See “Liftoff” if It has the ability to Hold One Important Level
Stellar (XLM) is trading in a bullish zone above the $0.1000 support zone against the US Dollar. XLM price is likely to accelerate towards $0.1200 or even higher if it stays above the $0.1000 support. There was a sharp downward move from the $0.1168 monthly high against the US dollar. The price found support near…
Outstanding Cryptocurrency Prints a “TD9:” Here’s Why It Indicates More Upside is Most Likely
The cryptocurrency known as Stellar has been a relatively poor performer over the last several years, however, throughout 2020 the once-booming altcoin has been showing signs of a strong recovery.Now, the asset has printed a TD9 on daily price charts, following an over 10% intraday rally. Is this a sign that an altcoin season may…
Excellent’s Fractal Demonstrates how Impressive the Next Crypto Booming Market Can Be
The crypto altcoin asset known as Stellar, or XLM, was among the worst performers during the bear market.However, a powerful fractal found on the asset’s price chart could show just how epic the next crypto bull market can be.Bitcoin Halving Triggered Massive Crypto Upsurge and Alt-Season Last CycleIn late July 2016, Bitcoin had its second-ever…
Overall Cryptocurrency Market Cap Includes $20 Billion In Less Than 24 Hours
Bitcoin and the rest of the cryptocurrency space is currently a sea of green after today’s rally added over $20 billion in market cap to the total cryptocurrency market.In less than 24 hours, the total market cap across all cryptocurrencies combined, grew by over 10% thanks to a massive surge from Bitcoin and continued growth…
Excellent Cryptocurrency’s 190 Percent Rally Might Fizzle; Here’s Why
Stellar Lumens’ native cryptocurrency, XLM, hit a fresh local high, up more than 190 percent in just one month.The extraordinary price rally lacks concrete market fundamentals and relies more on macro crypto trends.XLM reversed after testing a long-term resistance area, hinting it could extend its pullback move as investors shift their focus on Bitcoin ahead…