In just over 48 hours, the price of the Stellar descended from trading at $0.0582 down to $0.0560. At the time of writing, the price has been trending at $0.050347, with the 24-hour trading volume at $134,996,582. Further trends are available in the live network featuring successful TXA and OPS in the Last 100 Ledgers at the stellar.org Dashboard.
Though the price of XLM does not show a monstrous uphill, the number of projects built on the network is growing. The value factor is increasing. Big brands and Big names are fueling the trust factor. The reliability is proven along with the happening of new projects. The win-win strategy though not spelled, is happening through the network.
Stellar Lumens continues to grow; however, the value is not accruing to the XLM token. Several projects and businesses are continuing to build on the top of Stellar.
Anchor USD is the stable currency that has been anchored 1-for-1 to the USD. BitGo is a multisig and custodial wallet provider for XLM. Block EQ is a decentralized exchange user interface that uses the Canadian Dollar anchor.
Blockchain.com is the crypto wallet and XLM airdrop distribution channel. Blockdaemon is a Stellar node-as-a-service. A government licensed stock exchange known as DSTOQ, invests in real-world assets using cryptocurrencies.
IBM World Wire is an enterprise-level cross-border payment powered by Stellar Network and Hyperledger. Kelp is an open-source trading bot meant for the Stellar Universal Market Place. Keybase sends encrypted communications, and they are very soon into cryptocurrency payments.
Papaya an anchor of a range of cryptocurrencies like ETH, BTC, ZRX, and BAT. SatoshiPay facilitates to make nano payments for web content, which has been built on Stellar. Starlight is a payment created by Interstellar on Stellar. And the list continues to grow.
The XLM/USD is showing a falling wedge, which indicates a likely aggressive breakout. The price is expected to rally up towards $0.0625 before it can resume the further downtrend. It will not make a decisive break beyond the 200 moving average; however, a likely pump like that of the last year is expected. Ultimately, serious bears might take to pain short-selling XLM on the futures exchanges. The decline of the Stellar will fall below the wedge after a pump to the upside.
The number of projects lining up on Stellar is proof that they are living on their promise of “Money could move like email. Stellar is an open network for storing and moving money.”
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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