Stellar is a platform that connects banks, payment systems and people. Integrate to move money quickly, reliably and at almost no cost. XLMUSD has gained almost 6300% from day one of currency started its journey. Stellar allows individuals to transfer money to other user using XLM as medium of exchange.
In Oct 2017 IBM has announced partnership with Stellar Lumens for cross border payments and money remittances. This partnership guarantees the use of Stellar to settle almost instant cross border payments and it is acting as bridge that earlier occupied by Swift. Another partnership is that of Stellar with BloomX and they will be using Stellar Lumens to improve their Crypto currency payment processing.
Stellar is ranked 7th on the market with market cap of $4.5 billion. The pair jumped almost 200% from the low of $0.15 till 0.4650.The near term support is around $0.25 any break below will drag the pair till $0.20/$0.15. Any major weakness only below $0.15.
On the higher side, near term resistance is around $0.350 (20- day MA) and any break above will take the pair till $0.45/$0.50.
It is good to buy on dips around $0.250 with SL of $0.15 for the TP of $0.45/$0.50.