Stellar

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The Stellar Foundation-SDF, a non-profit with a focus on Stellar-based blockchain solutions recently announced an upgrade of the Stellar blockchain to Protocol version 18, a significant milestone for the Stellar ecosystem.
What’s New at Stellar (XLM)?
You may be wondering what makes this a big deal. Well, this upgrade makes it possible for Stellar holders and users to create liquidity pools without smart contracts and high gas fees, making Stellar the only layer-1 platform to activate such a native AMM [Automated Market Maker] functionality.

Furthermore, Stellar (XLM) holders can leverage its products and inject liquidity for cross-asset conversions.
As per a recent report, Stellar’s liquidity pools will retain a 0.3% negligible fee from liquidity providers at first.

Let’s proceed to analyze the XLMBTC and XLMUSDT price charts and gain further insights into how the recent events may affect the current XLM price.
XLM Price Prediction: XLMBTC Weekly Chart

The XLMBTC chart shows high demand for BTC compared to XLM. However, we could see a switch in trend polarity with higher RSI values above level-75 and level-25 going forward into the week.
XLM Price Prediction: XLMUSDT Weekly Chart

Beginning with the weekly time frame overview of the XLMUSDT, the crypto pair fixes a price floor at 0.1988 after entering the oversold area on 21 June ’21, and slowly transition into an uptrend with the RSI climbing above level-75 on 09 August ’21.
A weekly price close above the recent bearish divergence resistance [0.4207] will confirm our decision to enter a long position with confidence into the XLMUSDT.
Conversely, a collapse of the 0.1988 support will suggest further bearish sentiment for the XLM against the USDT.
XLM Price Prediction: XLMUSDT Daily Chart

The daily chart overhead also reveals a resistance level set up by bearish divergence patterns on 16 October ’21.
There are obviously three scenarios from this point, with the first being a breakout above the crucial $0.4207 resistance. A second scenario would be that the price could trade within the $0.4207 and $0.3083 price range. The third scenario would be a breakdown of the 0.3081 support for a deeper correction of the current price recovery.
We, however, maintain a positive bias toward the XLMUSDT pair, following the first scenario for a breakout to the upside.
XLM Price Prediction: XLMUSDT 4 HR Chart

A view into the intraday 4HR chart reveals a possible price floor in the works, after a recent regular bullish divergence on 06 November and a breakout of bearish divergence resistance.
We could see a higher XLM price with a break above the 0.3987 resistance to confirm our bullish bias.
The post XLM Price Prediction: Stellar (XLM) Looks Ready for a Uptrend, Regular Bullish Divergence Signals on Intraday Charts appeared first on Coingape.


The Stellar Foundation-SDF, a non-profit with a focus on Stellar-based blockchain solutions recently announced an upgrade of the Stellar blockchain to Protocol version 18, a significant milestone for the Stellar ecosystem. What&#8217;s New at Stellar (XLM)? You may be wondering what makes this a ...

coingape.com

XLM Price Prediction: Stellar (XLM) Looks Ready for a Uptrend, Regular Bullish Divergence Signals on Intraday Charts

In the face of an ongoing lawsuit, Ripple, the cross-border remittance cryptocurrency platform continues to see increased adoption and steady growth of the XRP price.
Recent studies show that Ripple’s XRP owners, alongside owners of other altcoins such as Polkadot and Stellar, are the most anxious in the crypto industry.

The study shows that crypto trading can bring about loss of sleep and anxiety among other negative psychological effects.

However, we beg to differ on that, and rather say that you can have a good crypto trading/life balance by including the analysis from our posts in your trading repertoire.
Read on as we identify the significant trend, resistance, and support levels on the XRPUSDT chart starting from the weekly chart, to the daily and 4HR intraday time frame.
XRP Weekly Chart Analysis

There’s been a steady uptrend on the weekly time frame of the XRPUSDT as the price chart sets higher troughs with the RSI exiting the oversold areas on 09 March ’20 and 22 June ’20.
The weekly chart overview of the XRPUSDT shows the bullish campaign starting after a breakout of bearish resistance on 04 Jan ’21 for an increase of about 500%, then find resistance at 1.9669.

An exit of oversold level-25 in combination with a hidden bullish divergence on 12 Jul ’21 shoots the XRP price higher [1.3046].

The bear trap candlestick formation on 20 Sep ’21 confirms the price bottom as the bulls get set to shoot for the XRP ATH.
XRP Daily Chart Analysis

Demand for the XRP token slowly grows as the RSI enters the overbought level-75 on the daily time frame. Buying power increase at press time forcing the 1.0942 resistance to give way as the bull’s eye the 1.4151.

The $2.00 round-number mark is the next projected target of the bulls that can overcome the 1.4151 resistance.

XRP 4HR Chart Analysis

The 4HR time frame confirms the uptrend on the daily time frame with the RSI dipping below level-25 on 29 Sep ’21 00:00 and 06 October ’21 08:00.
We may want to wait for the RSI to drop below level-75 before jumping into the current uptrend with the $1.40 round-number mark as our next price target. 
A bearish scenario and black swan event would start with a price close below the 1.0171 support, where we can expect to see further price declines.
With that said, a likely zone to place a stop-loss order in a bullish scenario would be below the 1.0171 support.
XRP Intraday Levels

Spot rate: 1.1782
Mid–Term Trend [H4]: Bullish
Volatility: High
Support: $1.0589, $1.0171, and $0.8861
Resistance: $1.2089, $1.400

The post XRP Price Analysis: XRP Price Knocks on $1.3 resistance, Is A Parabolic Move Up on Cards? appeared first on Coingape.


In the face of an ongoing lawsuit, Ripple, the cross-border remittance cryptocurrency platform continues to see increased adoption and steady growth of the XRP price. Recent studies show that Ripple’s XRP owners, alongside owners of other altcoins such as Polkadot and Stellar, are the most anxiou...

XRP Price Analysis: XRP Price Knocks on $1.3 resistance, Is A Parabolic Move Up on Cards?

Moneygram, one of the leaders in the cross-border payments and remittances market, has partnered with the Stellar Development Foundation to use the Stellar blockchain for settlements. The company will use the native version of USD coin (USDC), a popular stablecoin, to simplify and accelerate the process of sending remittances. This also means that Moneygram will act as a fiat on and off-ramp service for USD coin users.
Moneygram to Use Crypto for Remittances
Moneygram, a Dallas, Texas-based payments and remittances company, has announced a partnership with the Stellar Development Foundation, the development and growth arm for the Stellar blockchain, to make use of its capabilities for settling payments and facilitating remittances. The company will use the native version of USDC on the Stellar blockchain to move funds in a more easy and effective way.
However, neither Moneygram nor Circle are banks. United Texas Bank will serve as a settlement bank between Circle and MoneyGram, acting as a link between the two institutions.
Moneygram now becomes an off-ramp for users of USD coin as a way of getting fiat funds, and vice-versa, adding value to the USDC ecosystem. Moneygram was one of the first remittances companies to integrate blockchain when it announced a partnership with Ripple. However, this partnership dissolved after the SEC announced it was pursuing legal actions against the company in December, 2020.

Simpler, Faster, and Cheaper
The new system to be implemented by the company is expected to allow for almost instantaneous settlement times with low fees thanks to the use of the Stellar blockchain, and no implied volatility due to the use of stablecoins. About the importance of these instruments, Alex Holmes, CEO of Moneygram stated:

As crypto and digital currencies rise in prominence, we’re especially optimistic about the potential of stablecoins as a method to streamline cross-border payments… we are extremely well-positioned to continue to be the leader in building bridges to connect digital currencies with local fiat currencies.

According to Circle, this partnership will contribute to lowering the costs associated with remittances. This is one of the UN’s proposed Sustainable Development Goals, which aims to lower remittance costs from 7% to 3% of the funds sent. It will be interesting to see if cryptocurrencies can help achieve this objective in the short term.
What do you think about Moneygram’s partnership with the Stellar Development Foundation? Tell us in the comments section below.



























Moneygram, one of the leaders in the cross-border payments and remittances market, has partnered with the Stellar Development Foundation to use the Stellar blockchain for settlements. The company will use the native version of USD coin (USDC), a popular stablecoin, to simplify and accelerate the ...

news.bitcoin.com

Moneygram Partners With Stellar Development Foundation to Allow Users to Make Remittances With USD Coin

The digital P2P payments giant, MoneyGram International, Inc. announced a partnership with Ripple’s competitor, Stellar Development Foundation, a non-profit organization that supports the development of Stellar, an open-source public blockchain network facilitating cross-border transactions. Earlier this year, Ripple and MoneyGram wound down their partnership as MoneyGram suspended trading on Ripple’s platform in lieu of the ongoing XRP lawsuit.
Bridge the Fiat to Virtual Currency Gap
MoneyGram and Stellar blockchain’s exclusive partnership will delegate cash funding and payout for its consumers, in several local currencies, which extends from Dollar to Yen. This means that the collaboration is aimed at bridging the gap between crypto-assets and fiat currency, and further making the virtual currency more accessible.
“You can bring in your cash into a MoneyGram location and bring it onto the blockchain, and you don’t have to have a bank account to do that…And the same is true if you don’t have a bank account to pull your assets off of the blockchain like Stellar. [Now] you can do that by going into a MoneyGram location and picking up your cash there.”, said Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation.
First of a Kind Direct USDC to USD settlement
The funding and pay-out process will be facilitated through the world’s fastest-growing dollar digital currency, Circle’s USD Coin (USDC). The companies claim to run a hassle-free conversion service of USDC to cash, and cash to USDC.
The network aims to accommodate near-instant backend settlements, enabling an accelerated collection of funds, improved efficiency, and reduced risk. Furthermore, this will be the first of a kind direct USDC to USD settlement within a bank’s regulatory framework, with the United Texas Bank serving as the settlement bank.
“As crypto and digital currencies rise in prominence, we’re especially optimistic about the potential of stablecoins as a method to streamline cross-border payments. Given our expertise in global payments, blockchain, and compliance, we are extremely well-positioned to continue to be the leader in building bridges to connect digital currencies with local fiat currencies.”, said Alex Holmes, MoneyGram Chairman, and CEO.
The post Ripple’s former partner announces exclusive collaboration with Rival Token appeared first on Coingape.


The digital P2P payments giant, MoneyGram International, Inc. announced a partnership with Ripple’s competitor, Stellar Development Foundation, a non-profit organization that supports the development of Stellar, an open-source public blockchain network facilitating cross-border transactions. Earl...

Ripple’s former partner announces exclusive collaboration with Rival Token


Shiba Inu’s market cap expands significantly, making it the 12th largest cryptocurrency.
The Stellar Foundation partners with MoneyGram to enable crypto payouts in local currencies.

Bitcoin extended the rally above $55,000 and nearly touched $56,000, followed closely by other cryptocurrencies. Ethereum has settled above $55,000 at writing while bulls appear ready for the next attack mission to $4,000.
Shiba Inu rally kept roaring into the mid-week session, where it entered the top 20 and closed in on the top ten. The self-proclaimed Dogecoin killer boasts a $15.5 billion market up, elevated it to the 12th spot in the market.
Stellar is among the best performing cryptocurrencies on the day following a partnership with MoneyGram. The cross-border money transfer token had grown by over 13% to trade at $0.36 at writing.
Shiba Inu:-
Shiba Inu Started its journey to the moon aboard a spaceship crafted by Elon Musk. The billionaire and CEO of Tesla posted a picture of his pet Floki, a Shiba Inu. As fans reacted to the caption “Floki is finally here,” Shiba Inu price began rocking upward, first ‘deleting a zero) and subsequently exploding to $0.000035.
Wednesday, the Dogecoin spinoff was among the most traded cryptocurrencies, with a volume dwarfing major altcoins like Cardano, Ripple, Dogecoin, and Solana. At writing, SHIB has corrected to $0.00003. The four-hour chart shows the token forming a red candlestick wick, implying that the price has the potential to keep the uptrend intact.
Realize that the token’s technical picture remains positively affirmed by the MACD and the RSI. The former has sustained a buy signal while the latter holds in the overbought region, still pointing upward.
SHIB/USD Four-Hour Chart
 Live Chart  
SHIB/USD price chart by Tradingview
Stellar:-
MoneyGram and the Stellar Foundation have entered into a partnership to see the former support crypto payouts in the users’ local currencies. According to an announcement made on Wednesday, the payments service provider will settle payments in Circle’s USDC while converting crypto to local currencies.
Stellar’s blockchain will help MoneyGram integrate the whole network with the United Texas Bank, functioning as the settled bank between Circle and MoneyGram. CEO of MoneyGram said that his company is bullish on the role of stablecoins in enabling faster cross-border payments.
Meanwhile, Stellar trades at $0.36 after extending the bullish leg from levels above $0.3 in less than 24 hours. The token faces immense resistance in the supply zone in red. A break above this level could quickly boost Stellar above $0.4.
XLM/USD Four-Hour Char
 Live Chart  
XLM/USD price chart by Tradingview
All applied technical indicator suggests that buyers have the upper hand based on the MACD, the position of the moving averages and the RSI.
The post Shina Inu, Stellar Price Analysis: October 7, 2021 appeared first on Coingape.


Shiba Inu&#8217;s market cap expands significantly, making it the 12th largest cryptocurrency. The Stellar Foundation partners with MoneyGram to enable crypto payouts in local currencies. Bitcoin extended the rally above $55,000 and nearly touched $56,000, followed closely by other cryptocurrenci...

Stellar price	$0.329755
Low - High 24H	$0.322832 - $0.336624
Market cap	$8.09B
Volume 24H	$437.29M
All time high	$0.875563 -62.05% January 3rd 2018
All time low	$0.000476 69695.43% March 5th 2015
Genesis date	N/A

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