Following the week of sellers having their saying throughout the market, a return of bulls can be witnessed in the daily trading of coins mid-October. While some of the leading cryptocurrencies are struggling to recover from the 11th Oct drop, Stellar Lumen [XLM] and XRP against the US Dollar are the only standing in the green looking at the last seven days performance.
Reaching the level of $0.2410, the pair XLM/USD is returning to its recent trading ground before the BTC plunge that took place one week ago. With a 24-hours increase of 7.32%, the 6th largest coin is counting a market cap of $4.5 bln.
The break above at $0.2200 opened gates for the token to increase value and welcome more buyers in as a positive sentiment has taken over both of the speedy coins. Stellar’s XLM is the only keeping up with XRP’s positive march which is possibly aiming for another attempt to successfully close above $0.5000.
Coinsuper and XLM
Via their official Twitter handle, the Hong-kong based fiat to crypto exchanging platform Coinsuper announced XLM’s listing while making the coin more attractive to enthusiasts with a short description about it.
Stellar (token: XLM) is an open-source protocol for exchanging money. Servers run a software implementation of the protocol, and use the Internet to connect to and communicate with other Stellar servers, forming a global value exchange network. At launch, Stellar was based on the Ripple protocol. After making several changes to critical consensus code, the Stellar network forked.
You may find more information about XLM at: https://www.stellar.org
– Latest Stellar Related: BLOC company just announced that the crypto-exchanging platform Hyperion has partnered up with InterStellar to back up Stellar-based assets. Hyperion facilitates the trade of digital assets (to include cryptocurrencies) on an SEC-licensed alternative trading system (ATS), an arrangement that it has attained through a strategic investment in the Delaware Board of Trade (DBOT).
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