Stellar Lumen (XLM) - Last Wave almost 2000% in 2 months!

BITTREX:XLMBTC   Lumen / Bitcoin
Hi Guys!

Another Monday... well let's start with something interesting.
I am sure you encountered problem with sending money abroad. It takes time and a lot of money. Western Union takes 10% fee of the amount transferred. 10% seriously? This is like additional tax!

So guys from Stellar decided to do something about it. You can tranfer for example EURO to JPY within a seconds for less than a penny. Seriously.
As we tested is it works super fast and very very cheap. Seminglessly.
Stellar is aiming to be an open financial system that gives people of all income levels access to low-cost financial services.
This multi-currency transaction is possible because of "Anchors". Anchors are trusted entities that hold people’s deposits and can issue credit. In essence, Anchors serves as the bridge between different currencies and the Stellar network.
Lumens are the native asset (digital currency) that exist on the Stellar network that helps to facilitate multi-currency transactions and prevent spams. For multi-currency transactions, XLM is the digital intermediary that allows for such a transaction to occur at a low cost.

The have a great team (Jed McCaleb as a co-founder) and amazing board member (Matt Mullenweg - founder of Wordpress, Naval Ravikant - Founder of AngelList, Sam Caltman - president of Y Combinator). https://www.stellar.org/about/
They are ranked on coingecko on 10th place overall with 86% regarding developers.
They have market cap over 3.5 bln $ ranked again in top 10.

So this is very solid project, massively backed by the team. This business is also socialy engaged as they want bank the unbanked part of the people (2 bln in total) who are considered too poor for banks to offer them financial services.

This might be the killer within couple of weeks and months.

Technical Analysis details:
  • MACD postivie divergence - strong bull's singal

Fibonacci Levels:
Entry - 0.000002176 - 0.000002885

Target 1: 0.000003614
Target 2: 0.000004499
Target 3: 0.000005218
Target 4: 0.000005918
Target 5: 0.000006902
Target 6: 0.000008192

Stop-loss: 0.000002176

We may go much further than this but we prefer to stay observant.
Just to remember you - last wave 2000% in just 2 months.

Thanks once again for your likes, interest and comments. You are AWESOME.

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Agreed for the most part, but we have to wait and see how XLM reacts to the next BTC pump. Either way, it might be a good time to stop shorting XLM against BTC
WBM_Team TheWolfOfBlockchain
@TheWolfOfBlockchain, thanks for the comment. In our opinion price drop has held back.In the recent dawnward trend volume is low.
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