XLM looks like it’s about to get flushed down the toilet. According to trustworthy TA, XLM is on track to visit 6 cents and below. It’s currently fluctuating between 9-11 cents, so it can potentially see another 50% devaluation. Although the tech is sound for the project, the technicals are looking very bearish for XLM. XLM saw a very moderate crypto winter, where most other projects saw significant losses. Instead, XLM rode it out like a champ. It looks like XLM, along with XRP, are paying the price as other coins look bullish.
I really don’t understand why XLM isn’t totally mooning right now. After World Wire and all their announcements, how is XLM not just a top 3 coin by now. I’m patiently waiting, as I believe that XLM is going to make it. One thing that’s for sure is that the world of finance is watching XLMs every move, so always have patience and just wait for the big money to come rolling in. XLM has held the strongest trend in the crypto market over the last year, so this is really great because once it breaks upward, it’ll be unstoppable.
XLM and IBM presented wordwire to the world. This is a direct competitor to SWIFT, which is a globally recognized payment processor. Blockchain is shaking traditional ways we send money, and XLM is the first to realize this. It's surprising that the price of XLM hasn't skyrocketed, also with the news of its listing on Coinbase. The future looks very bright for XLM, and soon these prices will seem like a winning lottery ticket. XLM has the potential to beat all other coins to the punch of actually being used in the real world on daily transactions. Not even bitcoin can compare to XLM because it's being used as the native coin in the ecosystem. Countries can make e-money based on top of XLM. This is the biggest adoption case in the history of cryptocurrencies.
Stellar is one of the top ranking projects for a reason. XLM and IBM are going to be the first to market because Jesse Lund has already stated that they will debut World Wire with over 60 banks- all of which will use XLM as the native currency during cross border transactions. Do any of you even understand the gravity of this? This will put all other cryptocurrencies in the back seat while XLM goes to the moon and beyond.
If there's one coin out there besides BTC that looks to have a bright future, it's XLM. IBM just confirmed their world wire will be immediately available in over 50 countries and will utilize XLM. This is huge news. IBM is adamant about pushing blockchain and their payment gateways, all while using XLM. It's reached an incredibly low point in value, and this is the perfect opportunity to accumulate.
At the moment, it is large traders who are able to stimulate an uptrend in the cryptocurrency market, and their passivity limits the potential for its recovery.
The XLM price, unlike other coins, has already updated its lows ($ 0.107), which indicates its relative local weakness. All that an investor has to do in such conditions is to remain out of position and watch the events aside in order to save capital for future purchases.
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