Stellar (XLM) Could See a Rapid 60%+ Pump as Strength Mounts

It has been a rough day for Stellar (XLM), as the previously strong cryptocurrency is now facing heightened selling pressure. Its ongoing slide lower has come about due to the weakness seen by both Bitcoin and most other major digital assets. At the moment, the benchmark crypto is struggling to hold above $12,000, with its dip below this level striking a blow to its technical strength. This has caused investors to grow increasingly concerned with how altcoins might react to a strong BTC selloff. Despite this, analysts still believe that…

Stellar Lumens (XLM) Is Poised to Bounce Against Bitcoin: Here’s Why

Stellar Lumens (XLM) has retraced against Bitcoin over recent days, failing to follow other leading altcoins higher. Indicators suggest the altcoin may soon outperform Bitcoin — a sentiment in line with those shared by crypto traders. Related Reading: “Rich Dad Poor Dad” Author: Bitcoin Could Soon Become the “Fastest Horse” Stellar Lumens Could Bounce Against Bitcoin After Drop: TD Sequential Stellar Lumens has been bleeding out against Bitcoin over recent days as the leading cryptocurrency has pressed higher. This price action can be seen in the chart below, which shows XLM’s…

6 Questions for Justin Rice of Stellar Development Foundation – Cointelegraph Magazine

Each week we ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes!   This week our 6 Questions go to Justin Rice, Head of Ecosystem at the Stellar Development Foundation. Stellar Development Foundation (SDF) is a non-profit organization that supports the development and growth of Stellar, an open-source network that connects the world’s financial infrastructure. Justin speaks on behalf of developers building on the Stellar network and coordinates the members…

Stellar (XLM) Could Kick Off a Wild Uptrend if Bulls Guard Key Level

Stellar (XLM) has been consolidating in recent weeks, struggling to garner the momentum that many of its smaller counterparts have been seeing. It now appears that the cryptocurrency could be well-positioned to see an explosive uptrend in the coming few weeks, but in order for this to come to fruition, bulls must guard a crucial level. This support level has been holding strong for quite some time now, but the lack of intense buying pressure may be putting it at risk of being broken. One analyst mused this possibility, explaining…

Why Analyst Who Predicted Bitcoin’s 2018 Low Isn’t Bullish on Stellar (XLM)

Like many other large-cap altcoins, Stellar Lumens (XLM) has performed well against Bitcoin and the U.S. dollar over recent weeks. Per data from TradingView, the asset is up by 58% against the dollar. And over that same time frame, it is up 24% against Bitcoin. While a positive sign for the cryptocurrency, an analyst in the space isn’t too sure XLM will rally higher. This is the same analyst that predicted in the middle of 2018 that Bitcoin would bottom at $3,200 in that bear market. Related Reading: Crypto Tidbits: Ethereum…

Stellar (XLM) is About to See “Liftoff” if It’s Able to Hold One Crucial Level

Stellar (XLM) is trading in a bullish zone above the $0.1000 support zone against the US Dollar. XLM price is likely to accelerate towards $0.1200 or even higher if it stays above the $0.1000 support. There was a sharp downward move from the $0.1168 monthly high against the US dollar. The price found support near the $0.0980 zone and it is currently trading with a bullish angle. There is a major bullish trend line forming with support at $0.1040 on the 4-hours chart of the XLM/USD pair (data source from…

Stellar (XLM) Could “Launch” Higher Despite Flashing Some Disturbing Signs

Stellar (XLM) has seen some strong momentum throughout the past few weeks, but this is starting to show some signs of faltering as its buyers fail to surmount a crucial resistance region that it has tested multiple times. Its current signs of weakness may not be emblematic of its near-term outlook, however, as one analyst is noting that a variety of factors suggest that it could be gearing up for a fresh leg higher. This trader – who predicted XLM’s last 45% rally – is now noting that he expects…

Abra Building Banking Solutions on Stellar Blockchain, CEO Barhydt Says

Abra, the company behind the global crypto and fiat wallet and exchange app of the same name, plans to give the world banking services underpinned by Stellar’s blockchain — one of the results of the SDF’s $5 million investment in Abra earlier in 2020.  During the SDF’s digital second quarter review meeting on July 15, Abra CEO Bill Barhydt mentioned Abra’s focus on upcoming banking-type features the company is building out. In particular, Barhydt noted an “interest-earning capability” expected to hit the market in the coming weeks.  Abra details upcoming…

Stellar (XLM) Leaves XRP in the Dust with Latest Rally; Will It Last?

Stellar (XLM) has been caught within the throes of an intense uptrend throughout the past few days, and the cryptocurrency’s momentum isn’t showing any signs of slowing down. This has allowed it to significantly outperform XRP – which is widely considered to be one of its main competitors. Analysts are now noting that this ongoing XLM uptrend is being driven in part by mounting hype from investors, as one indicator suggests that its social volume has seen a tremendous rise in recent weeks. As for whether or not it will…

Stellar (XLM) Smashes Crucial Resistance: $0.12 Could Be Next

Stellar (XLM) gained a strong bullish momentum and broke the $0.0980 resistance against the US Dollar. XLM price is showing bullish signs and it might continue to rise towards $0.1200. There was a sharp upward move from the $0.0880 support zone against the US dollar. The price broke the main $0.0980 resistance area and traded to a new monthly high at $0.1053. There is a key bullish trend line forming with support at $0.0950 on the 4-hours chart of the XLM/USD pair (data source from Coinbase). The pair is likely…