"Stellar’s cryptocurrency, the Stellar Lumen (XLM), powers the Stellar payment network. Stellar aims to connect banks, payment systems and individuals quickly and reliably. Since its launch in 2014, its vision has been to unite the world’s financial infrastructure so that money can flow quickly and cheaply between banks, businesses, and people. The Internet connected the world’s computers so that information could be shared globally. Stellar aims to do the same for money."
From TA perspective; Stellar found temporally bottom and rebounded nicely over first resistance $0.10 and is now hovering to $0.135 region. Weekly & daily charts are looking very nice and behind good news in last week, the price of XLM could find further gains. On Weekly chart there was huge buy support on $0.0724. I’m now targeting $0.135 and potentially $0.20
XLMUSD
. According to last news, this coin seems a very good long term buy. I will cover it from here on for all the day traders, but for all long term holders, I think it’s a good entry point.
-> Coinbase announced that it was about to launch the digital asset Stellar Lumen (XLM) on Coinbase Consumer (i.e. Coinbase.com), its platform for regular retail investors/traders, as well as on Coinbase's mobile app.
-> "Six international banks are planning to issue their own stablecoins on IBM’s Stellar-powered money wiring service, IBM and Stellar announced Monday. Today more than 44 international banks that support payments are on the service, IBM Blockchain World Wire — and several of them have signed letters of intent to issue their own stablecoins, according to Jesse Lund, Vice President of IBM Blockchain, who made the announcement in a keynote at Money 2020 Asia in Singapore alongside Stellar cofounder Jed McCaleb."
From TA perspective; Stellar found temporally bottom and rebounded nicely over first resistance $0.10 and is now hovering to $0.135 region. Weekly & daily charts are looking very nice and behind good news in last week, the price of XLM could find further gains. On Weekly chart there was huge buy support on $0.0724. I’m now targeting $0.135 and potentially $0.20
XLMUSD
. According to last news, this coin seems a very good long term buy. I will cover it from here on for all the day traders, but for all long term holders, I think it’s a good entry point. -> Coinbase announced that it was about to launch the digital asset Stellar Lumen (XLM) on Coinbase Consumer (i.e. Coinbase.com), its platform for regular retail investors/traders, as well as on Coinbase's mobile app.
-> "Six international banks are planning to issue their own stablecoins on IBM’s Stellar-powered money wiring service, IBM and Stellar announced Monday. Today more than 44 international banks that support payments are on the service, IBM Blockchain World Wire — and several of them have signed letters of intent to issue their own stablecoins, according to Jesse Lund, Vice President of IBM Blockchain, who made the announcement in a keynote at Money 2020 Asia in Singapore alongside Stellar cofounder Jed McCaleb."
Comment:
XLM still looks cheap on this lewels. Keep in mind the levels i marked in yellow and rebuy on lower prices. Don't hunt and don't do FOMO. Wait patiently.