Stellar’s native blockchain token XLM paired with US Dollar gain is not stopping upon clearing major declining trend that was tanking it from moving upwards since the beginning of October.
As reported in our previous XLM/USD cover related piece – breaking above the $0.2200 mark on Oct 17th opened doors for further increase as XLM followed XRP’s bull-run attempting to recover the most possible after the major drop one week ago.
For the last 7 day’s XLM/USD regained 15.19% of its value making it back to almost $0.2500. Reaching the mentioned level will be accompanied with slight correction in the upcoming hours/day before clearing it also.
The sixth largest coin by market cap Stellar Lumens (XLM) concentrates on expanding its partnership list so its payment-transfer enhancing technology, which is being improved constantly by the team, is delivered to a wider reach. So, expanding its list Lightyear has teamed up with Chain Inc., to rebrand and form Interstellar. Interstellar will help organizations build on the Stellar Network.
With that said, there are rumors spreading around that Fidelity could be turning towards XLM blockchain for moving digital assets on their respective platform. The speculation should be written down as a possibility as the head of corporate business at Fidelity – Tom Jessop, is the formal head of Chain [the firm mentioned above].
Also one major boost was the announcement made by Coinsuper – HongKong based cryptocurrency exchange about making XLM available and listing it on its platform.