Bitcoin remains in an uptrend but is facing signs of exhaustion above $13,200, suggesting that a minor correction could drag altcoins lower.
Stellar is a blockchain-based payments network that aims to provide a global, efficient system for digital asset issuance and exchange for individuals and institutions. Its native cryptocurrency is Stellar Lumens (XLM), which is used to pay transaction fees on the network to combat spam and also functions as the bridge currency that provides liquidity to any asset issued on the network by trusted entities called “anchors.”
Originally a fork of the Ripple protocol, Stellar was founded by Jed McCaleb and Joyce Kim in 2014 following internal conflicts in Ripple’s management. The Stellar Development Foundation, initially aided and funded by Stripe CEO Patrick Collison, is dedicated to building and promoting the Stellar network as a more accessible, low-cost system of financial services.
A notable design difference from other blockchains is the Stellar Consensus Protocol, which was introduced in 2015. This system foregoes proof-of-work consensus for a federated system that uses mutual trust among groups of peers, or “quorums,” and scales this trust across the network to achieve consensus.
Traders are accumulating Bitcoin on dips and a break above $11,600 could resume the uptrend to $12,000.20196
Stellar joins the ranks of Ethereum and Algorand.11929
XRP price may see a surge to $0.30 if these key resistance levels and Bitcoin price remains relatively stable in the near term.13675
As part of its work with the Stellar blockchain, Abra plans to provide global banking features.11488
The Stellar foundation will add its blockchain ecosystem into Samsung’s Blockchain Keystore.6292
The Islamic world seems primed for widespread digital asset adoption, as well-respected scholars claim that crypto trading is fully compatible with Sharia law.7873
The rally in altcoins is likely to continue if Bitcoin holds at its current levels but a breakdown below $9,000 could lead to aggressive profit booking by altcoin traders.20559
These are the alternative crypto assets that have outperformed the rest of the market including Bitcoin in the past week as the DeFi craze gains steam.47390
Altcoins corrected as Bitcoin price dropped below $9,000, but traders buying the BTC dip could provide room for altcoins to recover.28010
- Cointelegraph Talks Recap: Challenges and Opportunities on the Road to Diversity and Inclusion in Crypto
Women experts from the World Economic Forum, Stellar Development Foundation and Avandis Consulting discussed issues relating to diversity and inclusion with Cointelegraph.4669
Bitcoin is likely to make a decisive move in the next few days and start a trending move that could remain in force for a few weeks.19298
While overall developer activity is down for most leading crypto assets, core code updates appear to be on the increase.15400
Cointelegraph Talks’ third event will stream later today, featuring discussions on the topics of inclusion and diversity in crypto from some of the industry’s heavy hitters.1975
The altcoin market capitalization has steadily risen over the past few days, suggesting that the short-term price action has shifted away from Bitcoin.22757