Stellar (XLM)

BitcoinBitcoin is up by a cool 20% over the past week as it currently trades near the $35,700 handle. The number 1 ranked cryptocurrency had been trapped within a range for the majority of the week as it oscillated between $33,000 and $30,000.Looking at the larger picture, Bitcoin was trading within a descending triangle pattern since hitting the new ATH price at $42,000 in early January 2021. It had spiked beneath the lower boundary of this triangle at $30,000 throughout the week but managed...

The strong advertising revenue comes from Microsoft’s LinkedIn social network. This also indicates a strong uptick in advertisers’ activity leaving the pandemic woes behind.On Tuesday, January 26, Microsoft Corporation (NASDAQ: MSFT) announced its Q4 2020 results exceeding analysts’ expectations. The company announced a solid $2.04 earnings per share against the expected $1.64. Also, the revenue of Microsoft during Q4 2020 was $43.08 billion against $40.18 billion expected.Microsoft’s revenue...

Signal is developing payment features to enable the use of MobileCoin, a ” privacy-focused cryptocurrency” built on the Stellar network.Private messaging app Signal is said to be in the process of developing features related to usernames and crypto payments.The San Francisco based encrypted messaging app has, in the past few weeks, seen a surge in the number of users. This has largely been attributed to the recent widespread backlash towards WhatsApp. The reaction was motivated by a revision...

Stellar lumen price remained stable above $0.2200 and recovered above $0.2600 against the US Dollar.XLM price is facing hurdles near $0.2850 and the 55 simple moving average (4-hours).There is a key contracting triangle forming with resistance near $0.2840 on the 4-hours chart (data feed via Kraken).The pair could start a major bullish wave once it clears the $0.2840 and $0.3000 resistance levels.Stellar lumen price is showing positive signs above $0.2500 against the US Dollar, similar to...

Silvergate reported strong growth in terms of digital currency customers’ increase last year along with the surge in deposits. The bank is planning to explore other facets and opportunities in the market this year in 2021.On Wednesday, January 20, crypto bank Silvergate Capital Corporation announced stellar Q4 2020 earnings beating street estimates. The crypto bank reported a net income of $9.1 million (or $0.47 per diluted share) against the net income of $7.1 million in Q4 2019.Compared to...

Link has moved from a trading price of $12 on January 11, 2021, to a current position of $22 with a market cap of near $9 billion.Chainlink has cemented its name among the top ten highest-ranked cryptocurrencies by market cap after overtaking Stellar Lumen and Bitcoin Cash to reach the 8th position before slipping back to 9th by a small margin. The oracle-based blockchain protocol grabbed headlines in 2020 after coming from a very low price point to trade in the double-digit price zone. Link...

Stellar lumen price rallied significantly towards $0.4000 before correcting lower against the US Dollar.XLM price is now consolidating above $0.2600 and the 55 simple moving average (4-hours).There is a crucial contracting triangle forming with resistance near $0.3130 on the 4-hours chart (data feed via Kraken).The pair could either correct further to $0.2200 or it might start a fresh rally above $0.3200.Stellar lumen price is trading in a bullish zone above $0.2600 against the US Dollar,...

XLM/USD – Bulls Defend Support at $0.27Key Support Levels: $0.27, $0.257, $0.224.Key Resistance Levels: $0.3, $0.325, $0.35.XLM seems to be holding strong at the $0.27 support over the past three days after it surged as high as $0.45 last week. The cryptocurrency could not break a daily candle above $0.35 and started to head lower from there. Nevertheless, it’s up about 50% since the open seven days ago and it’s now facing an important resistance.During the BTC intra-day price drop on Monday,...

The CUDOS exclusive token listing event has just commenced on BitMax, with the project seeing a stellar investor response. CUDOS announced the public listing event after the recently-concluded private sale, where 655,555,555 tokens were made available. As part of the BitMax token listing, 166,666,667 tokens are being offered to the public. The figure represents 1.67% of the total CUDOS tokens available.CUDOS token allocationPrivate sale – The CUDOS private sale was conducted from October to...

Stellar lumen price rallied significantly towards $0.4500 before correcting lower against the US Dollar.XLM price is now trading below the $0.2800 support, and testing the 55 simple moving average (4-hours).There was a break below a major contracting triangle with support near $0.2850 on the 4-hours chart (data feed via Kraken).The pair is likely to find a strong buying interest near $0.2200 and $0.2000 support levels.Stellar lumen price is gaining bearish momentum below $0.3000 against the...