One of the crypto-communities favorite Stellar XLM is showcasing a confident 7-days price performance. Mostly the virtual assets prices follow the leaders Bitcoin BTC movements, however September has been a fresh change in the market. Last week XRP and XLM were outstanding for days with double digit gains, while right now Stellar’s token is experiencing 6.84% increase for the last week. One of the best in the top-ten.
With the gain, the pair XLM/USD has secured a well suited ground above the weekly support. The daily trade is very hectic with speedy range-bounds but overall the market is being taken upwards by bulls.
Rivalry in the crypto-verse is often e catalyst of improvements by both part-takers. Stellar Lumens’ [XLM] presenting a direct challenge for Ripple’s XRP and its financial solutions has been impacting the first one positively on its marketing and fame. So, with various adoptions and partnerships, it has climbed its ladder to the 6th position by market capitalization and well cementing it.
While mentioned many times around crypto-community Coinbase announced that it is going to start experimenting with different leading digital asset, one of them being Stellar’s XLM. The leading exchange took center-show again declaring that it tends to list more tokens and speed up the process as opposed to earlier cases.
“Today we’re announcing a new listing process that will allow us to rapidly add most digital assets that meets our standards and are compliant with local law, while providing our customers with the tools to discover, evaluate, trade, and use digital assets.”
Cryptocurrency and related product uptake have been on the rise and Coinbase appears to be overwhelmed by the demanding market. Accordingly, Dan Romero the GM and Vice Present at Coinbase agreed that the crypto industry is growing fast and to make Coinbase meet the demand, they will not be restricted to the top industry performers like Bitcoin and Ethereum.
If everything goes by plan and the crypto exchanging platform decides to add XLM according to its five choices back in July, a major hoist and important milestone will take place. Comparing to Cardano ADA, Stellar XLM has a better chance of making it first if we go by market capitalization that could equal to more demand.
Moving on, a so-called Stellar Payband platform has been built on the 6th largest blockchain with the target of making cryptocurrencies useful in a real-life, practical method as its adoption grows.
“The technology was initially designed for festivals, fairs, conferences and events where wristband technology is far superior to cellphones because of ease of use. Cell phones die…wristbands do not. Going cashless at festivals is the new trend. Why not use the fastest and cheapest method of sending money?” – firm’s Reddit handle.