Bitcoin, Crypto currency, Blockchain

Downward trend overcome: Stellar Lumens (XLM) continues to rise

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The height of the flight of the Stellar goes on: The Altcoin claimed his sixth place by market capitalization. With the announcement of the cooperation with the payment service provider TransferTo Stellar Ripple makes in the field of cross-border money transfers competition.

While the price of Bitcoin recorded in the last few weeks, a veritable increase to well over US $ 8,000, were able to show the least Altcoins a comparable growth. Different Stellars Lumens (XLM): This increased in the last two weeks to nearly 90 percent, and currently stands at $ 0.33. In terms of market capitalization Lumens can Shine. With over 6.2 billion dollars XLM is on place six of the crypto-currencies. The distance to the siebtplatzierten Litecoin (LTC) is over a billion dollars. In view of the current growth of ten percent could increase this distance.

With the $ 0.33-brand XLM has reached an important goal. Since January followed a downward trend seems to be sustainable overcome. The next growth target, according to our Altcoin chart analysis last week at 0.38 US dollars.

Cooperation with TransferTo

Stellar has the right, cross-border payment traffic for all – to enable people with limited Bank access. That’s why the on 25. July co-operation with the international transactions, specialized payment service provider TransferTo Stellar closer announced this goal a step further.

In the framework of this cooperation, all with Stellar and TransferTo associated partners and financial institutions will be able to use their technologies for payments and at the same time their activities to more than 70 target markets around the globe to extend. Furthermore, the cooperation Stellars promotes reputation as a veritable competitor to Ripple, the Ex-company of Stellar co-founder Jed McCaleb.

Good news, but…

The planned partnership with TransferTo joins the ranks of the positive headlines to Stellar, the rise in the course of the last couple of weeks, at least in part, can be justified. As the Altcoin received, for example, as the first of its kind, the predicate is “Halal”. The Shariyah Review Bureau certificate issued paves Stellar the way to the Muslim banking. An even greater thrust lumen received, however, as Coinbase two weeks ago, announced to the lists that the XLM may be in the foreseeable future.

All good news: The overbought RSI warns as a caution. As shown in the Chart, there was the end of April until the beginning of may, a very similar constellation of course, MACD and RSI – there is a clear decline followed.

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