Stellar is very close to the lower trend-line formed by the two all time lows (very strong). In this regard it will be the first attempt to break it down considering the 2 points as supporting, therefore a cross now its very unlikely and another wave bounce to the high trend-line is more probable.
Also, NEWS are in favour of XLM, analysts from IBM confirmed the adoption of Stellar 0.00% for its Global Industries. Given the huge name that IBM is in the world of computers, there surely must be a reason they picked Stellar 0.00% instead of other Altcoins. Moreover, the Bank of Bahrain (richest country by GDP/capita) approved from the religious point of view the coin. This might seem useless, but aggregated the news are in the direction of a positive movement for XLM.
Recently BTC was hit by the ETF refusal, meaning that all the other coins suffered a hit, however there have been some namely: Bitcoin Cash , ETH or Stellar that have remained surprisingly stable give the situation. Also, more ETFs are being sent for approval to SEC and they are up for debate and more refusal will come, hurting BTC even more, but there will be a time in the future when one of those ETFs will be approved and that will spark the bubble again, making it much bigger than in January 2018.
Let me know what you think of Stellar and if it cam be a viable candidate for the bigger coins?
Also, NEWS are in favour of XLM, analysts from IBM confirmed the adoption of Stellar 0.00% for its Global Industries. Given the huge name that IBM is in the world of computers, there surely must be a reason they picked Stellar 0.00% instead of other Altcoins. Moreover, the Bank of Bahrain (richest country by GDP/capita) approved from the religious point of view the coin. This might seem useless, but aggregated the news are in the direction of a positive movement for XLM.
Recently BTC was hit by the ETF refusal, meaning that all the other coins suffered a hit, however there have been some namely: Bitcoin Cash , ETH or Stellar that have remained surprisingly stable give the situation. Also, more ETFs are being sent for approval to SEC and they are up for debate and more refusal will come, hurting BTC even more, but there will be a time in the future when one of those ETFs will be approved and that will spark the bubble again, making it much bigger than in January 2018.
Let me know what you think of Stellar and if it cam be a viable candidate for the bigger coins?
Trade active:
The price broke the downward trend, most likely will continue up for a while
Comment:
Stellar is the only STRONG coin at the moment that did not dive. Do you think it will shoot even lower?
