Stellar Protocol 17 is coming soon and introduces a new feature that opens up new possibilities for issuing regulated assets on the Stellar network.
Reportedly, On Tuesday, June 1, 2021 at 1500 UTC, Stellar validators will vote on whether to upgrade the network to Protocol 17. If the vote goes through, the upgrade is immediate, so everyone building on Stellar should prepare by installing up-to-date versions of any and all Stellar-related software they use.
This version of the protocol consists of a new Asset Clawback feature. Those who are developing on Stellar, should install an up-to-date versions of all Stellar-related software including Stellar Core, Horizon, and any Stellar SDKs you use in advance of the network upgrade.
If the validators vote to accept Protocol 17, the upgrade will take effect immediately. Since all new software are backwards compatible with the current protocol, the best course of action for developers is to update sooner than later. Doing so will ensure the Stellar integration ticking when the network levels up.
For exhaustive details developers will have to check the Protocol 17 upgrade Guide.
The community were like: Thankful for some news that isn’t all about price!
Regarding the Stellar price going down an investor stated: I just started investing about a month ago and the dip made me feel good. Gave me a moment to add on without having to trade around.
An exaggeration read like: Future millionaires were made with those entry points.
A justification of the drop read like: At least we now can see that XLM is quite stable compared to other coins. I’ve seen XLM drop more than this after that BTC just loses some %.
Regarding the price trend it was recently observed: “XLM is moving inside a channel where it is strongly supported at the grey zone and 21 EMA on Daily which is pretty bullish where it already tried to Break the top of the channel 2 times! This accumulation should end very soon and we’ll see $1 XLM What do you think about it?
Community talks: Many of them are done with their Dip buying and they are not buying anymore as they have invested their maximum.
The Stellar Lumens is an eco-friendly green coin like XRP per community. BTC is not kind and it does not look like XLM will touch any all-time high very soon. It is low times for XLM too!
