Stellar Lumens [XLM/USD] Technical Analysis: Bulls have the eyes of tiger in them

Stellar Lumens has resurfaced by 4.73% in a 24-hour time frame after the crash, while the other cryptocurrencies including Bitcoin [BTC], Ethereum [ETH], and XRP are struggling. XLM is currently trading at $0.2427 with a market cap of $4.59 billion. The trading volume has reached $110.79 million a majority [~36%] of which is contributed by Binance.
1 Hour

The uptrend for Stellar ranges from $0.2173 to $0.2454, while the downtrend spans from $0.2856 to $0.2510. The price has broken two supports at $0.2531 and $0.2301 and has set up a support at $0.2173. New resistance points set up at $0.2413 have been broken by the price on November 15, 23:00 UTC. Resistances are also set up at $0.2597, $0.2747 and $0.2858.
The Parabolic SAR shows a bullish trend occurring as the markers are below the price candles.
The MACD indicator is showing a bullish trend in play as well, with the MACD line crossing over the signal line. The histogram is covered with green bars indicating a bullish presence in the market.
The Awesome Oscillator spikes are forming above the zero line, which indicates that the short-term trend momentum is higher than the long-term long momentum indicating a bullish buying opportunity.
1 Day

The one-day chart shows a small uptrend ranging from $0.2227 to $0.2413, while the downtrend is spread from $0.4305 to $0.2775. The support points at $0.2227 and $0.17668 are holding strong and so are the resistance points at $0.2813, $0.3336 and $0.3693.
The Bollinger Bands are undergoing an expansion indicating that the volatility is being injected into the market. The prices, however, have dropped after touching the upper limit and are currently bouncing on the simple moving average.
The Aroon Indicator is giving out mixed signals as the Aroon up and the Aroon downlines have both hit the 100 line and are moving down in unison and in a parallel fashion.
Stochastic Indicator has undergone a bearish crossover after hitting the overbought ceilings.
Conclusion
The one-hour chart has indicators showing a strong bullish opportunity indicated by SAR, MACD and the Awesome Oscillator. In the larger time frame i.e., the one-day chart shows mixed emotions as indicated by the Bollinger Bands and Aroon indicators. The Stochastic, however, is showing clear bearish signs.
The post Stellar Lumens [XLM/USD] Technical Analysis: Bulls have the eyes of tiger in them appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC] has served its place in the market says Stellar’s first Head of Growth

Recently, Tammy Camp, the co-founder of Stronghold and the first Head of Growth at Stellar gave her opinion on cryptocurrencies and compared Bitcoin [BTC] to Friendster, a social media website; Ethereum [ETH] to MySpace and Stellar to Facebook.
Tammy Camp, in the interview with Breaker, she compared Bitcoin to Friendster because it was the first of its kind in the space as it got everybody’s attention. She further added that the transaction time for Bitcoin is very slow as compared to Ethereum or Stellar. She continued:
“Bitcoin does not crash and it is very stable, but the downside is you can only do three transactions per second and then it takes up to an hour for it to confirm. Bitcoin has served its place in the market. And it’s not that it’s a bad solution; it’s just not scalable for payments.”
She continued to talk about her analogy and then compared Ethereum to MySpace as Ethereum is very popular among developers and is faster than Bitcoin in terms of transactions. Since Ethereum paved ways for smart-contracts, there have been many more blockchains built on top of Ethereum’s using these contracts.
To conclude her analogy she compared Stellar to Facebook and weighed in by stating:
“Stellar is actually more scalable and secure than any product. And you can do 3,000 transactions per second, and 300,000 transactions with fees costing less than one penny. And the confirmation times are three to five seconds, so you can actually use it at Point of Sale [PoS].”
Tammy Camp, got into cryptocurrencies while graduating from Singularity University, and started building mining rigs for a short duration of time. She later went on to become the first Head of Growth at Stellar.org.
She also co-founded the Stronghold, a digital asset exchange network/platform that represents Bitcoin, Ethereum and Stellar Lumens on the Stellar Network. A stablecoin called Stronghold USD was developed in partnership with IBM blockchain.
The post Bitcoin [BTC] has served its place in the market says Stellar’s first Head of Growth appeared first on AMBCrypto.
Source: AMB Crypto

OKCoin Launches in Latin America with Fiat-to-Crypto Trading for the Argentine Peso

CoinSpeaker

OKCoin Launches in Latin America with Fiat-to-Crypto Trading for the Argentine Peso

Licensed exchange now offers Argentine peso funding to trade with several major cryptocurrencies, other Latin American fiat currencies coming soon.

OKCoin Launches in Latin America with Fiat-to-Crypto Trading for the Argentine Peso

Continue reading at Coinspeaker
Source: CoinSpeaker

Bitcoin’s Lightning Network Capacity Attains a New All-time High

CoinSpeaker

Bitcoin’s Lightning Network Capacity Attains a New All-time High

For the very first time, Lightning Network had a total of 4,026 nodes, of which 2,910 were public. The network capacity has crossed 123 BTC.

Bitcoin’s Lightning Network Capacity Attains a New All-time High

Continue reading at Coinspeaker
Source: CoinSpeaker

Stellar [XLM/USD] Technical Analysis: Bull tries to make an appearance in bear’s realm

The entire cryptocurrency market is seeing a strong bearish trend in the 24-hour statistics as per CoinMarketCap. At the time of writing, Stellar [XLM] is trading at $0.26 with a market cap of approximately $4.9 billion. XLM moved one position ahead by overtaking EOS yesterday and continues to retain its 5th position in the market. However, it can be noticed that the cryptocurrency has slumped by more than 3% in one day.
1 hour:

The 1-hour chart of XLM shows uptrends extending from $0.266 to $0.285 and $.259 to $0.272. It also has a downtrend from $0.285 to $0.270, which is currently not testing any support levels.
The Awesome Oscillator depicts the entry of a bearish trend as it is forming red bars on the histogram in the current time frame.
The Klinger Oscillator has just taken a sudden bullish crossover and has started to move above the signal line, demonstrating a possible short-term bull run in the next couple of hours.
Bollinger bands have started to converge, indicating a reduced volatility in the market. This comes after an irregular Bollinger cloud formation in the past.
1 day:

The 24-hour chart of Stellar [XLM] shows a downtrend from $0.33 to $0.27, which is testing support at $0.20. The resistance levels are set at $0.28 and $0.33.
The Parabolic SAR shows a prolonged bullish signal with the markers constantly staying below the candlesticks and moving in an upward direction.
MACD is demonstrating a positive sign as the moving average line took a bullish crossover and the histogram is forming green bars.
Chaikin Money Flow indicator has managed to stay in the bullish zone though it is gradually moving closer to the zero line. In spite of the overall bearish market trend in the past 24 hours, the inward money flow seems to be normal in the XLM market.
Conclusion:
Stellar might see an upward momentum as implied by the long-term indicators. There is a slight chance of bears taking over the market if the investor sentiments continue to diminish.
The post Stellar [XLM/USD] Technical Analysis: Bull tries to make an appearance in bear’s realm appeared first on AMBCrypto.
Source: AMB Crypto

5 Coins Coinbase Likely to Add Next

CoinSpeaker

5 Coins Coinbase Likely to Add Next

At the advent of an excessive Coinbase expansion, Coinspeaker worked out the list of digital coins that are expected to broaden the exchange’s offering next.

5 Coins Coinbase Likely to Add Next

Continue reading at Coinspeaker
Source: CoinSpeaker

XLM climbs up on Binance’s list to become the fourth most-traded cryptocurrency

Stellar Lumens has overtaken Ripple’s XRP to become the fourth most-traded asset on Binance. XLM has been consistently on the news last week with a barrage of announcements as it overtook EOS and became the fifth-largest cryptocurrency [by volume].
Source: Trading View
XLM is now the fourth most-traded asset on Binance, just after Bitcoin [BTC], Bitcoin Cash [BCH] and Ethereum [ETH]. However, XLM’s current trading volume on Binance exchange for XLM/BTC pair is $27.21 million, while XRP’s trade volume for XRP/BTC pair is $19.65 million. Moreover, the XLM/USDT trading volume is $12.76 million while that of XRP/USDT is $13.79 million. Cumulatively, the XLM trading volume comes up to $40.33 million while that of XRP is $33.06 million.
Bitcoin Cash [BCH] is currently the number one against the BTC trading pair, with trading volume of $62.29 million, and has a trading volume of $38.99 million with USDT pair. Bitcoin paired with USDT has a trading volume of $62.14 million and contributes a total of 11.40% of the total trades on Binance, while BCH contributes a total of $101.14 million in trading volume which is 18.59% of the total trades.
Ethereum [ETH] has a total of $48.22 million in trade while, which is 8.85% of the total trading volume. The Ethereum ETH/BTC pair contributes $20.054 while that of ETH/USDT contributes $28.16 million.
Stellar Lumens recently overtook EOS, which was at the fifth spot for the longest time. The trade volume of XLM, in a seven-day time frame, increased by an astronomical 125% to reach $121.88 million from a mere $54.07 million, while EOS’ market cap reduced to $4.89 billion.
The post XLM climbs up on Binance’s list to become the fourth most-traded cryptocurrency appeared first on AMBCrypto.
Source: AMB Crypto

Stellar Lumens [XLM/USD] Technical Analysis: Bull has completed its rally in the market?

Stellar Lumens, the sixth-largest cryptocurrency, has been setting the market ablaze with its latest announcements. The coin also broke through the bear’s grip earlier this week along with all the major altcoins such as XRP, Ethereum [ETH], and Bitcoin Cash. However, it seems like the bear has caught hold of the market again as all coins started to bleed red.
According to CoinMarketCap, at press time, the coin was trading at $0.252 with a market cap of over $4 billion. The coin has a trading volume of more than $73 million and had dipped by over 2% in the past 24 hours.
1-hour:
Stellar Lumens one-hour chart | Source: Trading View
In the one-hour chart, XLM had a strong resistance level at $0.265 and an immediate resistance was spotted at $0.260. The cryptocurrency had an immediate support at $0.252. If this were to be breached, then the next help support would be at $0.251 i.e., strong support.
The Parabolic SAR indicator predicted that the bear’s grip is stronger than imagined, as the dots were aligned above the candlesticks.
Chaikin Money Flow showed that the money was flowing into the market, showing its support for the bull.
The Bollinger bands were also showing that the market was volatile as the bands were expanding, making room for price movements.
1-day:
Stellar Lumens one-day Chart | Source: Trading View
The one-day chart showed the coin’s strong resistance at $0.45, which was placed at the end of April 2018. There was also an immediate resistance at $0.26, with an immediate support at $0.22. The coin also had a strong support at $0.17, if the bear decided to take over the whole market.
The RSI indicator showed its support to the bear as the coin was just recovering from the overbought zone.
However, MACD depicted that the bull had a chance of turning the game, as the MACD line was above the signal line.
Klinger Oscillator was leaping in for dive after a bullish race, as the reading line showed that it could breach below the signal line.
Conclusion
The coin could be held by the bear for a longer duration as the Parabolic SAR from the one-hour chart, RSI and the Klinger Oscillator swore its allegiance to the winter soldier. Nonetheless, MACD and CMF continued to stay by the bull, showing that the game could turn over soon.
The post Stellar Lumens [XLM/USD] Technical Analysis: Bull has completed its rally in the market? appeared first on AMBCrypto.
Source: AMB Crypto

Stellar’s $125 million XLM air-drop explained by Blockchain’s Chief Legal Officer

Marco Santori, Blockchain’s Chief Legal Officer and a fintech advisor to the IMF, gave his insight on the recent XLM air-drop, which is the “largest air-drop/giveaway in history” of cryptocurrencies. According to the company’s official website, the first air-drop is scheduled to happen this week.
The company intends to give away a total of $125 million in Stellar Lumens [XLM]. The news of the air-drop was also announced on Twitter.

During this podcast interview by Anthony Pompliano, he spoke about how these air-drops increase cryptocurrency adoption.
Santori said that he got his first cryptocurrency because he accepted them as a form of payment for his legal services. He said, “earning crypto for actually doing work is sometimes really hard”. He added that the most difficult thing about getting into crypto was getting crypto.
Additionally, Santori spoke on how Blockchain as a company provides a portal for people to get into cryptocurrencies and actually buy it instead of working for it or mining it or buying it at some “shady ICO”. He added that they [Blockchain] were looking for a better way to help people buy cryptocurrencies.
Marco Santori stated:
“As a creator, you’ve got a bunch of crypto and you want people to use it, but getting people to use it is them actually having it, so air drops put crypto in the hands of many people. So what an airdrop can do is put crypto in the hands of many people can take crypto out of the hands of just a few usually a few creators and put it in the hands of many people.”
Santori said that with Blockchain, people are actually in control of their cryptocurrencies with their own private key with them and not some intermediaries like banks or financial institutions. He said that unlike other companies, Blockchain does not accept fees for listing and that they do it for users and mass adoptions of cryptocurrencies which is their guiding principle.
He then proceeded to explain that the recently announced Stellar’s XLM air-drop was based on those guiding principles. Marco continued to explain the reason for “free air-drop” saying that it is a “unique crypto element” and said:
“The more the people use, the more valuable each particular coin is in-terms of actual functionality…so if you are a creator you can benefit from these network effects that drive the adoption, that drive the actual functional use of your token.”
The post Stellar’s $125 million XLM air-drop explained by Blockchain’s Chief Legal Officer appeared first on AMBCrypto.
Source: AMB Crypto

Stellar’s XLM ascends despite strong pull by a low volatility market

The price of Stellar Lumens [XLM] started at $0.2416 and a market cap of $4.57 billion on November 6, after which the price journeyed a very stale sideways market until 20:44 UTC. Post this, the prices saw a steep increase in the market cap, which increased to $4.64 billion.
After the spike, the prices remained more or less the same but increased gradually over the day. A prominent spike happened on November 6, 14:24 UTC, when the price reached $0.2559 and the market cap reached $4.84, i.e., a $200 million hike from the last spike. The prices slumped after the spike, and have now reached $0.2527, and market cap has come down to $4.78 billion.
Source: Trading View
Source: Trading View
The seven-day chart shows a gradual increase in price, with considerably less volatility in the market as compared to the one-day chart. The prices at the start of the chart were hovering at $0.2241, while the market cap stayed at $4.23 billion. The only outstanding spike happened at $0.2405, when the market cap was at $4.54 billion.
The spike was followed by a period of low volatility, but that didn’t stop the prices from increasing steadily. The price reached $0.2525 and the market cap climbed to $4.78 billion. This shows that the market price of the XLM increased despite low volatility.
Binance contributed a total of 22% [approx] of the trade volume, which was followed by GDAC, which contributed 16.83%.
Apart from the numbers, Stellar, as a company, has accomplished a lot in the last few months, which includes partnerships with payments platform, Stripe, and the partnership of Stellar with IBM, which led to the development of payments platform called World Wire.
In a recent blog post, Stellar opened up about their decentralized vision for financial inclusion, where they plan to make it easy for local fintech entrepreneurs to utilize Stellar as their back-end infrastructure solution. Stellar has a similar payment infrastructure to Ripple’s xRapid, but Stellar plans to make it accessible to smaller projects with virtually no transaction fees.
The post Stellar’s XLM ascends despite strong pull by a low volatility market appeared first on AMBCrypto.
Source: AMB Crypto

Steller Lumens [XLM]’s price sees sporadic yet a steady rise since launch of Starlight

Stellar Lumens has been sporadic since the last few days and has surged by 2.32%  in the 24-hour range. This might partly be due to the launch of their payments channel, Starlight. A rather far-fetched speculation about the rise in price could be due to Bithumb’s partnership with SeriesOne to launch an exchange for regulated security tokens.
The price on November 2 was at $0.2242 with a $4.2 billion market cap, it surged briefly to $0.2293, while market cap surged by $100 million at 20:24 UTC. There was a sharp spike which pushed the price to $0.2362 and market cap by another $100 million on November 3. The 24-hour volume, however, increased by 10 million during this spike.
Stellar recently made the news when it launched a bidirectional payments channel called Starlight, which inculcates a multi-hop mechanism to make transactions happen instantly.
Source: Trading View
Binance contributed approximately 20% of the total trade volume paired against BTC and USD. Next to Binance, were GDAC and BCEX, that contributed approximately 19% each. The price continued to rally in the $0.23 range for quite a while, with the market cap in a $4.4 billion range.
The price reached a maximum of $0.2372 and has stayed under ever since, while market cap topped at $4.48 billion The current price of XLM at the time of writing at $0.23606 and a total of 18.9 billion coins in circulation. The market cap at the same time was at $4.4 billion and total trade volume was at $56 million.
The post Steller Lumens [XLM]’s price sees sporadic yet a steady rise since launch of Starlight appeared first on AMBCrypto.
Source: AMB Crypto

Stellar Lumens [XLM/USD] Technical Analysis: Bear seems to be losing its grip while bulls start to take over

Stellar Lumens is performing good when compared to other cryptocurrencies, with a steady rise followed by a correction. The speculation about the rise in prices could very well be due to the launch of Starlight payment and the partnership deal with Bithumb and SeriesOne to launch an exchange for regulated security tokens.
The price of XLM at the time of writing is at $0.2368, with the market cap of $4.8 billion.
1-hour
Source: Trading View
Bollinger Bands is showing a high volatility in the one-hour graph and the price candles are above the moving average indicating a bullish trend.
The Chaikin Money Flow indicates an inflow of the money is the same as the money flowing out of the market.
The RSI indicator has seen an overbought market but is still bullish as the RSI line is closer to the top end.
1-day
Source: Trading View
A downtrend is clearly visible and is ranging from $0.4582 to $0.2522, while an uptrend is absent since July. There is a long-term support set up at $0.1769, with resistance set up at $0.2597 and $0.3336.
The Parabolic SAR markers below the price candles indicating a bullish trend.
The MACD indicator has seen a bearish crossover on October 25 and has continued ever since.
The Stochastic indicator is opposing the MACD indicator showing a bullish crossover.
Conclusion
The Bollinger bands in the one-hour chart are showing a massive amount of volatility in the market indicating that there is a lot of trading action happening in the market. CMF and RSI are a both returning from a bullish point to a more neutral position. The price action on the one-day charts as indicated by the indicators show a bullish trend except for the MACD indicator.
The post Stellar Lumens [XLM/USD] Technical Analysis: Bear seems to be losing its grip while bulls start to take over appeared first on AMBCrypto.
Source: AMB Crypto

Stellar Lumens [XLM/USD] Technical Analysis: Bear’s dominance still strong in the big picture

The cryptocurrency market’s largely bearish sentiment has been the same since the start of 2018, and Stellar Lumens [XLM] is also being weighed down by the bear’s pressure. The recent launch of Starlight payments did not help increase the volatility of the market in a bear-dominant crypto space.
1-hour
Stellar Lumens [XLM/USD] Technical Analysis | Source: Trading ViewThe one-day chart shows a downtrend starting from $0.2520 to $0.2336, with a break in between at $0.2364.
The Bollinger bands show the candles above the exponential moving average, indicating a bullish move and a less-volatile market.
The Fisher Transform chart shows the Fisher indicator crossing over the signal line to the top, indicating a bullish trend.
The Chaikin Money Flow line is above the zero line, indicating that money is flowing into the market. Though this is a bullish sign,  the line is eerily close to the zero line and may tip over soon.
1-day
Stellar Lumens [XLM/USD] Technical Analysis | Source: Trading ViewThe downtrend is prominent since June, with the price ranging from $0.4582 to $0.2522, with a long-term support at $0.1749, with resistances set up at $0.2812 and $0.3336.
The Parabolic SAR markers are being formed below the candles, indicating a support for the candles to move upwards.
As per the Awesome Oscillator, red spikes are starting to form below the zero line, indicating a bearish move.
The Stochastic indicator shows a bearish crossover, indicating the market moving to the bottom.
Conclusion
All the indicators in the one-hour chart are bullish. The indicators in the one-day chart are indicating a bearish move, with the exception of Parabolic SAR, which is indicating a bullish move.
The post Stellar Lumens [XLM/USD] Technical Analysis: Bear’s dominance still strong in the big picture appeared first on AMBCrypto.
Source: AMB Crypto

Stellar Lumens [XLM/USD] Technical Analysis: Altcoins buckle under immense pressure of the bear

Stellar Lumens [XLM], like all the altcoins in the crypto space, have been under the bear’s extreme pressure. There haven’t been any developments in the community except for the recent Starlight payment channel development, that has given the community a sense of hope.
1-hour
Stellar Lumens [XLM/USD] Technical Analysis: Altcoins buckle under the immense pressure of the bearThe downtrend is clearly visible with a price range of $0.2520 to $0.2370, with the current price at$0.2353 and market cap at $4.4 billion.
Parabolic SAR markers are below the candles in this bear market indicating a bull presence in the hourly chart.
MACD line is hugging the signal line indicating a possible crossover to the bottom.
Chaikin Money Flow indicator topped out today on October 27 and has been going down since, indicating that the money is going out of the market.
1-day
Stellar Lumens [XLM/USD] Technical Analysis: Altcoins buckle under the immense pressure of the bearThe downtrend in the bear dominant market is not a new development, it ranges from $0.3356 to $0.2522, there doesn’t seem to be a supporting uptrend since the market is basically moving sideways.
Support can be seen at $0.1899 and successively at $0.1769. Short term resistance is set at $0.2812.
The candles in the 1-day chart are on the exponential moving average while the Bollinger Bands, however, are close to each other indicating the decrease in volatility.
The Stochastic indicator has crossed the signal line towards the bottom, indicating a bearish crossover.
The RSI has been at the centre for quite a while and is tilting towards the bottom.
Conclusion:
In the 1-hour chart, the Bollinger bands, as well as the Stochastic lines, indicate a bearish move of the market, while the RSI indicator is at the centre indicating even buy and sell pressure. The Parabolic SAR indicates a bullish move, while both Chaikin Money Flow indicator and the MACD indicate a bearish move.
The post Stellar Lumens [XLM/USD] Technical Analysis: Altcoins buckle under immense pressure of the bear appeared first on AMBCrypto.
Source: AMB Crypto

Stellar (XLM) gets Starlight for Private, Instant, and Free Payments

The 6th largest cryptocurrency currently in the red has now gotten its own Lightning Network in the form of Starlight, a payments channels that allows private, free and instant payments.
Stellar Network gets its own Lightning Network in the form of Starlight
At the time of writing, Stellar has been trading at $0.2334 while being down by $0.26 percent. The sixth largest cryptocurrency has been managing the daily trading volume of $34.9 million. As shown in the chart below, Stellar has been on a downward momentum.
XLM 7-days price chart, Source: Coinmarketcap
 
Though a bearish scenario seems to be in order, the price can surely bounce off of $0.20 if able to maintain stability above $0.23.
Meanwhile, Starlight, a payment channel implementation on Stellar has been released as the official announcement reads,
“Interstellar is pleased to announce a preview release of Starlight, an implementation of bidirectional payment channels on Stellar. Payment channels allow parties to transact privately, instantly, and securely while paying zero fees.”
By using the network to lock up some funds for channel’s participants use, the payments are made private, instant, and free when normally payment on the network would have involves small fee and waiting for confirmation.
The security is further ensured through special information in the form of signed Stellar transactions that ae not published to the network. When the channel closes, only the final settlement balances are revealed to the network while all other activity remains private and known to it participants only.
Currently, connected to the Stellar testnet, as pointed out in the announcement, Stellar now has its own Lightning Network,
“Starlight payment channels are analogous to the Bitcoin payment channels used in the Lightning Network. As we extend the Starlight project to support not only payment channels but also multi-hop payments across those channels, we plan to build in compatibility with other payment-channel networks, such as Lightning and Interledger.”
The preview supports bilateral channels including built-in wallet application and Starlight payment channel software. Though it allows transacting in XLM only for now, “Future versions will support any asset issued on the Stellar network.”
The post Stellar (XLM) gets Starlight for Private, Instant, and Free Payments appeared first on Coingape.
Source: CoinGape