Stellar’s cryptocurrency Stellar Lumen (XLM) which is one of the top ten cryptocurrencies by value has performed unbelievably well soon after the news of the former Mozilla COO joining the Stellar Foundation. Recently, the cryptocurrency even started getting support from Binance, the world’s largest crypto exchange by volume which adds more value for XLM to demonstrate its ability as well as worth.
According to sources, Lisa Nestor who heads the partnerships of Stellar Foundation declared that Stellar is currently operating in a lot of countries around the globe; most importantly in South America and America in support of increasing the strategic partnerships of the network. Unsurprisingly, Stellar Lumen is connected with big tech firms such as IBM, Microsoft, Intel, and Big Blue.
The open network for money has seen its price fall since it stroked the highest point in early 2018. Its price abruptly increased Wednesday i.e. 18th September 2019 merely to decrease almost immediately. XLM jumped a massive 30% despite the fact that the price of the oldest cryptocurrency Bitcoin remains mostly flat, and other key altcoins together with Ethereum, Litecoin, and Ripple’s XRP made a little reasonable gain.
With the trading price of $0.082 at recent times, the rival cryptocurrency of Bitcoin disappears from the earth in terms of the cross-border payments division. The cryptocurrency has been on fire since last week as reported by the sources. It is currently trending in the market capitalization chart with more than 40% increase within 24 hours after a massive green candle. Sources also reported that a mysterious trader buys a significant amount of an asset with the intention of pushing the price higher and then, fortunately, sells even more of it at the inflated price.
The decentralized digital currency network Stellar was created in 2014 by Jed McCaleb, Ripple’s co-founder and it recently attracted many investors, crypto enthusiasts and traders at the time of the announcement by the Stellar Development Foundation that it is soon going to capture 2 billion of its tradable token XLM, which is worth almost 124 million dollars according to the existing prices.
By 2015, Stellar’s price might go up to its hierarchy in the market capitalization and considering that the majority of the market experts are expecting that its price will demonstrate the increasing percentage even more than the world’s foremost cryptocurrency Bitcoin. Visit Digital Ticks Exchange to stay updated with the latest prices of the trending coins.