AltcoinTech Stories

Will Stellar (XLM) Sustain the Pressure of The Top Coins?

After weeks of a bloodbath, Stellar (XLM) is gaining traction in the digital currency sphere. In the fiat currency market, quick returns are not a common thing. However, the super-quick returns turned the heads of many crypto traders. In plain words, Stellar has recently attracted a number of investors. The recent price of XLM is set to pass many altcoins. It sounds like a bullish belief; however, the newest currency in the block recorded a value above the green level. The exchange markets show that the current price surge of the Stellar coin is due to the spike in the volume of BTC/XLM.

eToro listing Stellar (XLM)

The loyal community of Stellar reflected its actions by collaborating with eToro among other new partnerships. The trend continues even after the coin partnered with Deloitte and IBM. The Stripe internet provider also formed an alliance with Stellar for purposes of sustaining the coin. eToro is a new trading platform that deals with stocks. It is a leader in the cryptocurrency sphere for traders worldwide dealing with six digital coins and six million crypto investors it owns. One of the recently added coins is XLM. It will for sure expose the XLM coin to the world. The expectation of adding Stellar is that NEO will soon be live.

Stellarport launching on Stellar

The decentralized exchange, Stellarport built on Stellar’s platform accepts instant trading of coins. The move comes at a good time after an ICO released to enable developers to use XLM tokens for moving the ERC20 token to Stellar. The launch will certainly make fans of Stellar happier since Stellarport provides a mix of deep liquidity, secureness, high volume, and reliability. It is a unique feature since most centralized exchanges do lack the reliability and security department. Stellarport would also provide a wallet service to its users. However, it is not a mandatory solution, but it will grow the ecosystem of Stellar.

Conclusion

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The fast pace of progress of Stellar (XLM) enables it outperform all other digital coins. It is evident from the greatest steps the coin made from the recent days when compared to other digital coins. The number of business institutions preparing to invest in the coin is no doubt the greatest success for the coin.

It is a common thing for a coin to maintain a bullish run since the crypto market is highly fluid. However, it has been different to Stellar as its chart read like a smooth upward curve. The RSI index in relation to its price also indicates that XLM moved higher past the neutral level. Last week, the price of Stellar maintained in the green level and closing among the top coins by value gain. The recent deals also set a Launchpad for the coin as it is an indication that many companies will adopt and use XLM. All these would lead towards the coin achieving a lot and competing against the top coins. Stellar (XLM) is truly ready to sustain the pressure of the top coins.

 

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