BINANCE:XLMBTC   Stellar / Bitcoin
Hard to find a cheaper coin than XLM : these are lows that the coin hasn't touched since december 2017 (see the bittrex charts). It has just reached bottom of a downward channel on the daily and is pushed down more thanks to the BTC bullishness which is up over 3% today. A very bullish BTC weakens many altcoins with some traders selling alts in order to fomo into BTC .

XLM looks good fundamentally with IBM partnering with several banks to create "world wire", a way for banks to settle transactions internally, supporting 47 (fiat) currencies in 72 countries. XLM's stellar platform is an open source alternative to Ripple and banks may prefer to have a crypto solution that nobody owns and is supported by IBM , a well known player in the financial industry.

I'm not going to make predictions because the chart doesn't offer much, but I think we're near the bottom and I am long and will add to my position once the downtrend on the 4h or daily is reversed.


Let's see how it goes!

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