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Accomplishments and the road map that grounded Stellar Lumens [XLM] in the top 10

Sthuthie Murthy

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Accomplishments and road maps that grounded Stellar Lumens [XLM] in the top 10
Source: Maxpixel

Smartlands is a global platform for tokenization of real economy assets by issuing asset-backed tokens [ABT]. r/Stellar (Reddit) will host the Smartlands’ AMA session with the participation of Business Development Director Victor and the lead Developer George tonight.

It is a live discussion open to the audience worldwide where questions about Smartlands Platform development on the Stellar network and other IT and Blockchain solutions that will leverage ABTs on the platform.

Addy, a Stellar enthusiast says:

“So glad you are doing this! Time to spread the word and get more awareness about what smartlands provides. Looking forward to asking you questions!”

Stellar Lumens recently posted on Twitter:

Stellar Lumens' tweet

Stellar Lumens’ tweet

Stellar Lumens [XLM], is one of the stable coins in the market which has not gone to either of the extreme ends, claim market analysts. According to AMBCrypto’s price data, it is currently trading at $0.235 after a 9% hike from yesterday. It is worth a market cap of $4.3 billion currently trading in some major exchange platforms like Binance, Upbit, Poloniex, and Bittrex with high volumes.

Here is a round-up of the Stellar activities this month:

For all the XLM enthusiasts, XLM is now available in Brazil, Chile, and Colombia through CryptoMKT. CryptoMKT is committed to connecting people to the collaborative economy based on the blockchain technology and Ethereum. XLM was also listed on HitBTC and Koinex earlier this month and the trading was active immediately.

The developers and entrepreneurs had a lot of reasons to rejoice the entire month; firstly, the Lightning network was adopted to Stellar’s network with a well-defined roadmap and technical specifications. Next in line are the Stellar Stack exchange in Public Beta, Heir.io Network test, and the Kin Network Test all being successful. In the wallet category; Versa-Apple pay/ Stripe for XLM, a secure and fee-free wallet which accepts cryptocurrency as a payment method and MetaPay, a Chrome extension wallet that simplifies payment. They also partnered with BluePanNet to enable cross-border payments.

Token Projects:

  • Kin and Stellar tie up where they will use Stellar tokens to start with and later use their high-speed, high-scale blockchain technology to enrich and make Kin the ideal cryptocurrency.
  • Slice is tokenizing real estate assets on Stellar to make it easy and affordable to invest small amounts into real estate. This will make wealth-building opportunities accessible to small and international investors while real estate owners and operators get a large pool of untapped capital.
  • Bloqhouse, thirdACT, Indie Party and RentalMiles are some similar token projects with different motives.

IBM is another major partner who is looking forward to work with Stellar.

Matt Steven, a Twitter user says:

“Can’t wait to watch Stellar take off and reach its full potential! So excited…”





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Sthuthie Murthy is a full-time reporter at AMBCrypto. She has been researching and writing about the Blockchain technology for a year now. Her passion for blockchain has led her to be a part of AMBCrypto's news reporting team. She does not hold value in any cryptocurrencies currently.

Altcoins

Bitcoin SV surges by 6.84% in an hour; community speculates massive behind-the-scenes pump

Biraajmaan Tamuly

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Source: Pixabay

The cryptocurrency market has witnessed major price hikes over the past few weeks, with Craig Wright’s Bitcoin SV emerging as the market’s unlikely performer. The Craig Wright-backed virtual asset, which is supposed to follow Satoshi Nakamoto’s original idea, outperformed every top 10 cryptocurrency over the past week, recording a growth rate of 22.86%.

Source: CoinmarketCap

At press time, the coin had recorded a price hike of 6.84% over the hour, with the coin valued at $228. The coin was traded the highest on CoinBene exchange, where the trading pair of BCHSV/USDT gathered a volume of $96  million. The exchange was closely followed by ZBG exchange, where the trade accounted for 13.62% of the entire trading volume.

Source: Trading View

According to the chart released by Trading View, a massive green candlestick can be observed. The chart also indicated that at press time, the candles were charting over the Moving Average [MA]. This suggested that extremely high trading volumes were pegged with Bitcoin SV.

Many in the community have speculated that the surge might be due to a massive dump of the coin in the market, after the token hit stagnation since pumping by more than 247 percent recently. The aforementioned price pump pushed the price of the coin from $53.22 to $250.

Previously, it has been suggested that the major pump witnessed within the Bitcoin SV ecosystem might be laden with market manipulation, implying the participation of illicit entities in the conduct of a “pseudo-pump” of BSV’s market. Further, the de-listing of BSV by major exchanges such as Binance may have made it more susceptible to sudden price movements, according to some.

At press time, Bitcoin SV was positioned 8th on the cryptocurrency charts. Despite the pump however, historical trends suggest a major price correction may be in the offing too.





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