The cryptocurrency known as Stellar has been a relatively poor performer over the last several years, however, throughout 2020 the once-booming altcoin has been showing signs of a strong recovery.
Now, the asset has printed a TD9 on daily price charts, following an over 10% intraday rally. Is this a sign that an altcoin season may soon begin?
XLMUSD Closes 10% Daily Gain, But More Upside is Likely For Altcoins
Last night’s daily close on the XLMUSD trading pair solidified an over 10% rally on the day in the altcoin.
The cryptocurrency known as Stellar lumens has fared extremely poorly throughout the bear market, alongside the likes of XRP. But things appear to be reversing in recent weeks as the Bitcoin halving draws attention to the cryptocurrency space once again.
Related Reading | Stellar’s Fractal Shows How Epic the Next Crypto Bull Market Can Be
It was after the last halving that altcoins began their incredible ascent towards all-time high prices, and the cycle could be restarting again.
A fractal is even forming on Stellar price charts on the XLMUSD trading pair, signaling that major upside is ahead. Backing up the potential chart formation, a TD 9 buy setup has also been triggered.
Stellar TD 9 Buy Coinciding With Bitcoin Halving Could Cause Alt Season
The TD Sequential indicator created by market timing expert Thomas Demark, has signaled a 9 “buy” setup on XLMUSD. In the past, the TD Sequential indicator has shown incredible accuracy and precision in calling tops and bottoms in the crypto market.
The indicator called Bitcoin’s top in February 2020, the bottom in December 2019, and the all-time high peak at $20,000. It has also shown value as an accurate indicator for altcoins like Stellar lumens.
A number of other altcoins recently had similar signals trigger pointing to further upside in the days ahead, Bitcoin has triggered a sell setup instead.
Related Reading | Stellar Rally: Once Stagnant Altcoin Outperforms Bitcoin By 30%
Bitcoin crashing typically doesn’t bode well for altcoins like Stellar, but this time could be different. The Bitcoin halving kicked off the first-ever extended altcoin season and could do so again.
A fractal on XLMUSD price charts shows just how stellar the next cryptocurrency bull market might be. Fractals are patterns that repeat with peculiar accuracy and are the result of human emotion.
Bitcoin dominance charts demonstrated that altcoins are at a critical, bounce or die junction. A crash in Bitcoin could theoretically cause altcoins to bounce on BTC trading pairs, kicking off yet another extended altcoin season.
With XLM showing early signs of renewed interest in altcoins and buy signals backing up the bullish momentum, the next cryptocurrency bull market may finally be here.
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Stellar has announced that it will be allowing rapid euro, dollar and pound sterling conversion from Stellar Lumens (XLM) using White Standard (WSD) coins, a fiat-paired cryptocurrency built on the Stellar Network.
Stellar’s Lumen (XLM), a cryptocurrency that has been garnering lots of investor attention recently, may soon make its way into the top four cryptocurrencies after a great performance in the past week.
FOMO Moments Crypto land is pretty flat; altcoins recovering slightly are Stellar, Tezos and 0x, but Bitcoin Diamond is pumping The weekend has been quiet in crypto land with no major gains or losses.
On Friday, CNBC’s “Fast Money” show has continued its coverage of the cryptocurrency market, recapping the past week’s crypto price action, namely the Bitcoin and Stellar run-ups.
On July 20th, the CNBC Fast Money panel discussed Bitcoin’s massive rally this week with Brian Kelly, the Founder and CEO of the financial firm BKCM LLC. Kelly also conveyed his thoughts on Stellar overtaking Litecoin on the cryptocurrency rankings recently.
The recent rise of Bitcoin affected other coins positively, and one of the coins in the race for top spot is Stellar. The coin shrugged off major challenges, overtaking Litecoin to maintain a prime spot to become the 6th biggest cryptocurrency in the market.
As Bitcoin shot past its sluggish month by breaking the $7000 USD barrier, many other coins too saw their prices go up. Being the first and largest cryptocurrency in the market, what happens to bitcoin has a sway on what happens to the other coins.
The argument over whether XRP is a security remains a popular debate in the cryptocurrency industry. Now, one expert is saying that XRP isn’t even a “real cryptocurrency. ” Meanwhile, the SEC has yet to issue any official word of whether or not it considers XRP to be a security.
Bitcoin is currently dominating the cryptocurrency market as the top-ranked cryptocurrency looks to achieve a 50 percent market share. While BTC remains in the green, the altcoin market is beginning to experience another decline.
The Ministry of Industry and Information Technology in China has just revealed its third official cryptocurrency ratings index.
In June, NEO, Stellar, Lisk and Nebulas were at the bottom with Ethereum and EOS on top.
Dala has officially announced a new multi-chain strategy that will include Stellar, the technology behind the seventh largest cryptocurrency (lumens) by market cap.
The cryptocurrency market has been in a rough state since the start of 2018, but the sentiment held by industry leaders, analysts, and experts indicate that Bitcoin is ready to move upwards. Resolute Bitcoin Bear Says Bitcoin Could Move To $8,000 Over the past week, Bitcoin has seen a stellar week, moving from a low […]
The post Market Leaders Call For Bitcoin To Move Higher, Including Staunch Bitcoin Bear appeared first on Ethereum World News.
Stellar Lumens, the seventh largest cryptocurrency by market cap, has received certification from Islamic scholars of Shariyah Review Bureau (SRB) for its blockchain network Stellar and its native coins Lumens to be used in sharia-compliant financial products.
In a wonderful first, Stellar, an American blockchain company, recently became the first DLT firm in the world to be certified by the Sharia law. This certification could also bring new opportunities to the firm and better adoption of their Lumens (XLM) tokens in Islamic nations.
The decentralized platform Stellar outperformed Litecoin in the rating of cryptocurrencies by capitalization and stepped up to the fifth line. Within a week, the price of XLM jumped more than 1.5 times.
FOMO Moments Crypto land is correcting this morning; top altcoins are Stellar, Cardano, Dogecoin, Bytom and Kin. The bull run has slowed down and a pullback has occurred in crypto land. Markets hit a six week high of a shade below $300 billion before retreating back to around $290 billion as short term traders took.
Open-source value exchange protocol Stellar has received certification for both its platform and associated cryptocurrency, Lumens (XLM), from the Shariyah Review Bureau — an Islamic advisory firm based in Bahrain.
Charlie Lee statement about buying BTC and not LTC is dominating headline fueling what has come to be known as Cryptocurrency Tribalism. It’s even worse for Litecoin because Stellar Lumens is now the sixth most valuable coin standing a chance to make a cut at CoinBase.
Ripple (XRP)–Despite the fallout over Coinbase exploring rival currency Stellar Lumens, little has actually changed for the XRP currency and the work of Ripple to promote their payment/remittance protocol.
A Series Of Positive News Regarding Stellar Over the past couple of days, Stellar has become a popular topic in the cryptocurrency community, as a series of announcements and news pieces indicate that the Stellar blockchain is gaining traction.
Stellar is surging for the sixth consecutive day on more than double average volume. The project was started by former Ripple co-founder, Jed McCaleb, after he left the Ripple team after disagreements over the Ripple founders share of the XRP token.
The seventh-largest cryptocurrency by market cap, Stellar, gained global traction as a unique, decentralized value exchange protocol. Announced July 17, 2018, Stellar is the first cryptocurrency to receive Sharia compliance certification and integrate with Middle Eastern financial firms.
IBM Remains Strong with Blockchain IBM, International Business Machines released a statement for Stronghold USD, a new cryptocurrency-USD pair that was created on the new Stellar blockchain infrastructure.
Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. The stablecoin is also purportedly protected by FDIC Insurance, something no other stablecoin or cryptocurrency company — bar Coinbase and Gemini — can claim. As an exchange, Stronghold acts as a Stellar network anchor,
Technology giants IBM have been at the frontline of the blockchain and cryptocurrency revolution for quite some time now. According to a Reuters report, IBM in collaboration with financial services provider, Stronghold has launched a stable coin backed by the fiat dollar.
Islamic scholars have given blockchain platform Stellar, and its native cryptocurrency Lumens, Islamic certification. The California-based startup was also given guidelines on the specific assets that can be traded using its blockchain by the Shariyah Review Bureau.
A flurry of positive news stories has propelled Stellar (XLM), currently the seventh-ranked cryptocurrency by market capitalization, to a nearly 30 percent price increase over the last 7 days. Touted as the top competition for third-ranked cryptocurrency, Ripple, Stellar appears to be taking giant strides in controlling a significant portion of the emerging crypto-based economy.
Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. Stronghold USD will be backed with “one-to-one U.
On July 17, 2018, global payment and trading platform Stronghold announced the launch of their stablecoin “Stronghold USD. ” The cryptocurrency will be built on Stellar Lumens’ (XLM) blockchain and will offer a one-to-one ratio with the U.
Cardano (ADA)–The eighth largest cryptocurrency by market capitalization continues to gain momentum following the landmark announcement by U. S. -based cryptocurrency exchange Coinbase. On Friday, Coinbase made waves across the industry by announcing it’s exploration into five new cryptocurrencies: Basic Attention Token (BAT), Zcash (ZEC), Stellar (XLM), 0x (ZRX), and Cardano (ADA).
Coinbase’s recent admission that the highly popular cryptocurrency brokerage platform is considering the addition of five more crypto assets has seen the values of each potential token surge dramatically.
Stellar Lumens (XLM), Ripple (XRP)–The massive Coinbase announcement that came out on Friday has created a stark divide for several cryptocurrency communities. Published in a press release on the official Coinbase blog, the company confirmed that they are “exploring” five new cryptocurrencies–Stellar Lumens (XLM) the largest by market capitalization–with the potential to be added to […]
The post How Does Coinbase Exploring Stellar Lumens Impact Ripple XRP? appeared first on Ethereum World News.
One of the global-leading traditional money transferring companies – Tempo, is working on a world-scale cryptocurrency payment network. To do so, Stellar Lumens open-source decentralized protocol that runs the token XLM is used to support the system.
Sundays are always interesting days for the cryptocurrency industry. Although it usually results in a fair amount of negative market pressure, this Sunday proves to be very different. The Stellar price continues to rise at an accelerated pace, as it continues a week-long uptrend without too many setbacks. Stellar Price Peaks Above $0.215 Just a […]
Coinbase, the largest US-based digital currency exchange, has officially announced that it is “exploring the addition” of five new cryptocurrencies to its platform. The five cryptocurrencies being considered are Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX).
FOMO Moments Current performing altcoins are Cardano, Stellar, Zcash, 0x and BAT. The weekend has brought more declines in crypto land for all but a handful of altcoins. Markets have dropped once again falling below $250 billion as the bears maintain control.
In a tweet just yesterday, popular American cryptocurrency exchange known as Coinbase, announced that it was exploring the possibilities of adding the following 5 cryptocurrencies on its platform: Cardano (ADA) Basic Attention Token (BAT) Stellar (XLM) ZCash (ZEC) Ox (ZRX) The team at Coinbase added that: We are making this announcement internally at Coinbase and […]
The post Cardano (ADA), BAT, Stellar (XLM), ZCash and ZRX Continue to Gain Amidst Coinbase News appeared first on Ethereum World News.
Cardano’s Bitcoin-like Settlement Layer (CSL) mainnet is live and it has a functional wallet for its built-in ADA cryptocurrency. Basic Attention Token (BAT)The Basic Attention Token (BAT) is the internal token of the Brave browser.
Coinbase, Cryptocurrency Exchanges–Finally, after months of waiting for news surrounding another coin listing, Coinbase has broken the silence on updating its limited selection of cryptocurrencies.
There has been much speculation over the next cryptocurrency, token or asset which will be added to Coinbase. Today, Coinbase announced that they are “exploring the addition” of Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX).
Stellar Lumens (XLM)–Stellar Lumens, the open-source, decentralized protocol that operates the cryptocurrency XLM, has been utilized by Tempo to be the base cryptocurrency for a new global payment platform purported to be the largest in the world for crypto-fiat exchanging.
It remains to be seen if and when the cryptocurrency markets will see some positive momentum. For the time being, it seems things are not looking all that great. All cryptocurrencies continue to lose a lot of value every single hour.
Was was to be expected after a rather positive weekend for all cryptocurrency markets, the new week is off to a bit of a rough start. Most of the top currencies have lost a small bit of value, even though there is no reason to panic just yet. The Stellar price, for example, has gone […]
Stellar (CLM) Gains Popularity as Co-Founder is Placed in Top Ten of Blockchain Industry Individuals The seventh most recognized cryptocurrency in the world has reached the stars with the co-founder of the company being placed in the top ten most influential individuals in the entire blockchain industry. The announcement was made by a tweet done […]
South Dakota Based Kingdom Trust Adds Zcash And Stellar Lumens to their list of crypto investments Zcash (ZEC) and Stellar Lumens (XLM) have recently been added to the list of acceptable cryptocurrency investments on Kingdom Trust’s platform.
Many might not believe that blockchain technology could help in the survival of other areas of life excluding its application in the invention, coding,developing and creation of cryptocurrencies and crypto tokens.
XLM/USD Long-term Trend: Bullish Supply zone: $0. 2500, $0. 3000, $0. 3500 Demand zone: $0. 1500, $0. 1000, $0. 0500 Stellar continues in a bullish trend in the long-term outlook. The bullish pressure resulted in the cryptocurrency price up until $0.
Trading platforms are precious commodities in the world of cryptocurrency and digital assets. StellarX is an upcoming platform which will leverage Stellar technology. Various other assets will be supported, which will undoubtedly attract a lot of attention.
While year to date cryptocurrency prices have been on a prolonged bear run, this week has provided investors with a much needed positive price spike. Over the last 7 days, all of the top 10 coins have seen increases in their prices.
Stellar (XLM) has climbed higher as more gains reach the broader crypto market. While XRP’s price action appears to have stalled, XLM’s rally is still ongoing. The payment solution token continued its bullish trend, amassing a 19.
While Bitcoin price recedes from the $30,000 support, payment solutions Stellar (XLM) and XRP continue riding the bullish wave, with Stellar (XLM) outranking top gainers today amid impressive ecosystem developments.
The price of Stellar (XLM) has experienced a similar meteoric rise to the XRP token in the last 24 hours. This rise was triggered by news that Ripple, the company behind XRP, had won its long-running case against the US Securities and Exchange Commission SEC.
Stellar (XLM) price has continued to surge as the broader crypto market sees correction. The token surprised market participants with interesting price movements over the past seven days. Stellar leads top-gainers with a 4.
Stellar (XLM) picked up pace on the daily chart as the coin registered some upward movement. The coin has been trading within a descending channel. Although the coin was moving sideways, if bulls reclaim the chart XLM can break above the channel.
Tascombank, one of Ukraine’s oldest commercial banks, will be running a pilot for Ukraine’s digital currency on the Stellar blockchain network. Ukrainian Bank Is Running A Stellar-Based Pilot For Digital Currency Announced today, Stellar will be used to test a private electronic version of the hryvnia (Ukraine’s sovereign currency). The pilot, being deployed via the […]
Earlier this month, a partnership deal emerged, in which Stellar holders would be able to access Moneygram locations to exchange USDC for cash, and vice versa, in person.
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