Price Analysis
BTC’s tight trading range hints at an eventual breakout, and ADA, XLM, AAVE and CFX could follow.
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Stellar News
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.
- Altcoin Watch
Most altcoins posted a below-par performance in March, but XRP, XLM, CFX, XDC and MASK defied the trend by posting double-digit gains.
4064 - Altcoin Watch
XLM price is playing catchup to XRP’s March gains, quickly rising 25% versus the U.S. dollar while the XLM/XRP pair bounces from record lows.
3257 - News
One new project attempts to help bankless Ukrainian refugees, while another hopes to streamline international Red Cross projects.
5889 - Newsletter
Another major financial institution has signaled its intent to offer Bitcoin and Ether services to its clients.
6532 - News
The Soroban Adoption Fund incentivizes developers to begin building products and tools on the new smart contract platform.
3697 - News
Beyond the Octagon, Guido Cannetti fights Argentina’s 78% inflation rate with USDC stablecoin.
2447 - Price Analysis
Although Bitcoin is struggling to form a bottom, altcoins are on a roll and the current price action could benefit UNI, XLM, THETA and HNT.
9641 - News
Mixing conspiracy theories, a distrust for traditional institutions and hopium in crypto, two influencers are alleged to have made millions using pump-and-dump schemes.
7982 - News
The payment service, which is powered by the Stellar blockchain, will enable USDC settlement with MoneyGram in “near-real-time.”
6573 - Price Analysis
BTC appears to be in the early stage of a recovery this week, and ADA, XLM, XMR and MANA could follow.
14043 - Market Analysis
Declining demand for Tether, negative futures premiums for altcoins and the lack of inflow to the crypto sector are all signs that a rocky road is ahead.
5562 - Altcoin Watch
ADA, MATIC and XLM appear well positioned for a bullish breakout once BTC flips the $32,000 to $35,000 zone to support.
31211 - Altcoin Watch
BTC, ETH and altcoins spent most of May trading in the red. So, what’s behind XCN’s near-month-long 100%+ rally?
3066 - News
MoneyGram CEO Alex Holmes said the international remittances stalwart wants to be a bridge between the crypto and fiat worlds.
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