Altcoin Daily Preview: Stellar Lumens—IBM Partnership Indispensable as IOTA Reveal Alpha and Omega, Path to Decentralization
Latest Stellar Lumens News
Thing is, if implemented properly, Blockchain will disrupt businesses, governance systems and even value exchanges. Aside from supply chain management, blockchain is definitely shaping for the banking industry.
It’s because of this that Stellar and Ripple—two firms are merging the possibilities of blockchain based solutions in existing financial architecture with the aim of providing financial services for everyone, everywhere–are hailed as the future of finance and banking.
The recent launch of Interstellar, Stellar collaboration with IBM back in 2017 many more companies are not hesitating from using the platform’s rail fast-tracking the achievement of one of the company’s tenets: That of advancing global financial literacy, advocating for inclusion and providing cheap cross-border solutions.
Stellar’s Lightyear acquired blockchain startup Chain. Companies will merge their brands into “#Interstellar.” Users will move onto the #Stellar ledger, enabling organizations to issue, trade, and manage assets. Stellar is moving fast to catch up to #Ripple (yes, the company).
Despite the dip in digital asset prices, XLM has been in range mode for the better part of the year. In fact, just before the recent break below the 15 cents-20 cents main support line, XLM/USD prices were confined in a 15 cents range with caps at 30 cents and floors at 15 cents. Because of this, XLM/USD is trading within a bear breakout pattern and though steady, the path of least resistance is southwards.
Unless otherwise there are gains above Dec 9 highs at 13 cents, bears are likely to drive prices below Dec 6 lows of 10 cents. Once that prints out, it will be inevitable for Stellar to test 8 cents or lower by the end of the year.
However, as it is support is subject to BTC performance and the collapse of the king could send reverberation across the digital asset space.
Our XLM/USD is constant and will be as follows:
Buy: 13 Cents
Stop: 11 Cents
Target: 17 Cents
Latest IOTA News
After days of Coordinator, Coordicide talk and the sober assessment that the platform was to some extent “centralized”, IOTA is moving on towards complete decentralization.
It's finally out. The #IOTA foundation has a specific solution for the coordicide. The centralization in IOTA will be gone pretty soon. Which then (if everything works as intended) makes IOTA the only and first project that fulfills Satoshis vision, but without mining, in 2019.
With the decoupling will make re-align the network according to the ideals of Satoshi Nakamoto though there is no mining.
The concept of #bimodal IT has become increasingly popular in traditional industry. Traditionally #bimodalIT has split a department into 2 parts, one dealing with maintenance & support issues, while the other concentrates on innovation & expansion – the #IOTA Alpha & Omega Team. pic.twitter.com/LArRHhxDl3
To this end, the IOTA Foundation has unveiled two development teams—the Alpha Team to deal with development within the ecosystem. The Omega team which will see the accomplishment of IOTA’s objectives.
IOT/USD Price Analysis
From an effort versus result point of view, IOT/USD is technically bullish all thanks to the Dec 7, 1800HRs price surge.
Even if sellers have an upper hand, sellers are literally trying hard to erase gains of Dec considering IOT/USD has been in consolidation mode in the last week. Better still, prices are confined within Dec 7 high-low. Because of this, our buy triggers are set at 25 cents.
If buy momentum pick up and propel IOTA above this level then first target will be at 34 cents or Nov 21 highs. On the reverse side, losses below 20 cents could ignite panic sells towards 15 cents or lower.
This is our IOT/USD trade plan:
Buy: 25 Cents
Stop: 24 Cents
First Target: 30 Cents
All Charts Courtesy of Trading View
This is not Investment or Financial Advice. Do your own Research.