Stellar (XLM)

Stellar, the world’s tenth-largest cryptocurrency by market cap, has seemingly jumped in price by more than 20 percent over the past day following an announcement by executives that the currency would undergo a massive “burn.”Stellar Is Up in FlamesThe process of “burning” crypto involves deleting it from existence. It does not reside on any blockchain or ledger, nor can it be purchased or added to any wallet address. The currency is gone, and it can never be bought, sold or traded in the...

BitcoinOn the daily chart, Bitcoin’s price was maintained by the support in the range of the 200MA which is forming around $9100. It’s fragile and it could lose altitude down to the $8600 area. Resistance in this range is at around $9600 and it seems stable. However, it should be accounted for the fact that the market is in a volatile period and it’s not advisable to hold Stop-Loss orders these days.EthereumAgainst the USD, ETH failed to break the resistance at $190 and the price was...

Stellar saw a sharp increase of around 18% over the past 24 hours and it currently trades at $0.0811. This price increase comes after Stellar announced that they will be burning over half of their tokens. The Stellar foundation now controls around 30 billion XLM which is divided into a few buckets. 12 billion of it is in their direct development fund which is intended to support the organization.  Stellar is up by a total of 22.53% over the past 7 days and 28% over the past 30 days. Stellar...

Stellar (XLM) explodes amid news that the company burned more than half of its coins in circulation. Tuesday’s gains were quickly wiped out as the smart money took the chance to dump their positions. Nevertheless, the cryptocurrency looks attractive in the long-term time frame. In technical analysis, there’s an adage that goes, “buy the rumor; sell the news.” We’re seeing this nugget of wisdom in play out in Stellar (XLM). On Monday, the Stellar Development Foundation announced that...

Stellar’s XLM jumps by more than 30 percent in two days. The upside move came after the foundational body announced that they were burning the XLM supply. The rival community accused the Stellar CEO of orchestrating the XLM pump. Stellar’s native asset XLM registered fresh gains on Tuesday as its founders decided to wipe out half of the token’s net supply. The Stellar Development Foundation (SDF) announced yesterday that it has burned 55 billion XLM tokens. Earlier, the total supply...

During the Stellar Meridian conference on Monday, November 4, the Stellar Development Foundation CEO Denelle Dixon disclosed that they have burned 55 billion Lumens (XLM) tokens which is half of the overall cryptocurrency supply.Earlier there were a total of 105 billion tokens of which 20 billion were in circulation. With the recent burning, the total supply has reduced to only 50 billion XLM tokens. In its latest Medium blog post, the Stellar Foundation noted that token burning was part of...

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 742. Heute geht’s um folgende Themen: Hongkong bekommt Immobilien-Blockchain, Afrika will Bitcoin & Stellar XLM hat 55 Millionen Token verbrannt. [embedded content] 1.) Hongkong bekommt Immobilien-Blockchainhttps://www.btc-echo.de/blockchain-statt-papierkram-hongkong-bekommt-immobilien-blockchain/ 2.) Afrika will Bitcoin – Nigeria an der Spitzehttps://bitcoin-kurier.de/afrika-will-bitcoin-nigeria-an-der-spitze/ 3.) Stellar’s...

Stellar lumen price is showing a lot of positive signs above the $0.0650 support against the US Dollar.XLM price corrected lower recently after trading as high as $0.072.There is a key rising channel forming with support near $0.0650 on the 4-hours chart (data feed via Kraken).The pair remains well supported on the downside near the $0.0660 and $0.0650 levels.Stellar lumen price is following a bullish path against the US Dollar and bitcoin. XLM price start a fresh increase as long as the...

Stellar saw a sharp increase of around 8% over the past 24 hours and it currently trades at $0.068. The cryptocurrency went on a nice run in the second half of October after increasing by a total of 17% over the last 30 days.Stellar is now the tenth-largest cryptocurrency with a market cap of $1.39 billion.XLM suffered over the past 3 months after dropping by a total of 63% from June’s high to September’s support at $0.053. XLM rebounded here and started to ascend during October. The...

XLM skyrockets in the wake of the President Xi-inspired pump. Lumens gains prominent listing on Coincheck. Stellar Foundation scraps inflation. Ripple rival Stellar (XLM) is head and shoulders above the rest of the cryptocurrency market Friday, as it posts an 8% intraday increase. The crypto markets have seen some bullish performance of late following the so-called Xi pump. Last week, China’s president, Xi Jinping, shilled blockchain technology, leading to a mass revival of bitcoin...