Coin of the day is Stellar (Lumens).
"Stellar is a platform that connects banks, payments systems, and people. Integrate to move money quickly, reliably, and at almost no cost."
Stellar is an open-source protocol for value exchange founded in early 2014 by Jed McCaleb (creator of eDonkey) and Joyce Kim. The Stellar protocol is supported by a nonprofit, the Stellar Development Foundation.
At launch, Stellar was based on the Ripple protocol. After making several changes to critical consensus code, the Stellar network forked. In the aftermath, Stellar co-founder Joyce Kim claimed this was a flaw in the Ripple protocol, but this statement was challenged in a blog post by Ripple Labs CTO, Stefan Thomas. The Stellar Development Foundation then created an updated version of the protocol with a new consensus algorithm. The code and whitepaper for this new algorithm were released in April 2015, and the upgraded network went live in November 2015.
In September 2017, Stellar has announced it will award partners in its new benefits program up to $2 mln each to develop “high-impact projects.”
In October 2017, IBM and payments network KlickEx have announced Stellar as the backbone of its new “cross-border payments solution.”
18.03.2018 XLMBTC started to draw a bottoming pattern, gradually rising from the 0.000024 low. On 13 April the coin broke above the 100-days EMA then acquired high growth momentum and overcome 0.000035 level which signaled the completion of the bottoming formation and beginning of the growth cycle. Yesterday price crossed the 0.00004 level and now is testing 0.000045 resistance. A breakthrough above 0.000045 level will lead the price to the 23.6% Fibonacci zone of the global uptrend, the last zone before the peak. 0.00004 level and Bullish Trend Line should act as a support for the growth scenario, return below these levels will probably start a profit fixation which will lead to the correction.
"Stellar is a platform that connects banks, payments systems, and people. Integrate to move money quickly, reliably, and at almost no cost."
Stellar is an open-source protocol for value exchange founded in early 2014 by Jed McCaleb (creator of eDonkey) and Joyce Kim. The Stellar protocol is supported by a nonprofit, the Stellar Development Foundation.
At launch, Stellar was based on the Ripple protocol. After making several changes to critical consensus code, the Stellar network forked. In the aftermath, Stellar co-founder Joyce Kim claimed this was a flaw in the Ripple protocol, but this statement was challenged in a blog post by Ripple Labs CTO, Stefan Thomas. The Stellar Development Foundation then created an updated version of the protocol with a new consensus algorithm. The code and whitepaper for this new algorithm were released in April 2015, and the upgraded network went live in November 2015.
In September 2017, Stellar has announced it will award partners in its new benefits program up to $2 mln each to develop “high-impact projects.”
In October 2017, IBM and payments network KlickEx have announced Stellar as the backbone of its new “cross-border payments solution.”
18.03.2018 XLMBTC started to draw a bottoming pattern, gradually rising from the 0.000024 low. On 13 April the coin broke above the 100-days EMA then acquired high growth momentum and overcome 0.000035 level which signaled the completion of the bottoming formation and beginning of the growth cycle. Yesterday price crossed the 0.00004 level and now is testing 0.000045 resistance. A breakthrough above 0.000045 level will lead the price to the 23.6% Fibonacci zone of the global uptrend, the last zone before the peak. 0.00004 level and Bullish Trend Line should act as a support for the growth scenario, return below these levels will probably start a profit fixation which will lead to the correction.
