Stellar Lumens (XLM) Price Analysis: Stellar To Touch $0.60 By 2019 End

Stellar is a blockchain based distributed ledger specifically designed for connecting people and financial institutions. It is aimed to increase financial …

Stellar is a blockchain based distributed ledger specifically designed for connecting people and financial institutions. It is aimed to increase financial inclusion by creating cheap, accessible and easy to use global payment systems. Stellar Lumens or XLM is the native digital token of Stellar network. It operates on the Stellar Consensus Protocol which is also a decentralized network.

Current status of XLM

XLM is currently getting traded at USD 0.120206 (UTC time 05:13). With a market cap of USD 2,317,726,726 and a circulating supply of 19,281,270,528 XLM, it is the 8th largest crypto.

Price analysis of XLM

Stellar

StellarThe above chart shows that the current value of XLM is 0.120190 USD or 0.00002304 BTC (UTC time 05:16). Its current market cap is 2,317,420,268 USD and its 24h volume is worth of 349,718,182 USD. The same chart shows that approx. One month earlier, XLM had a trading value of 0.109220 USD. So, within this period, the value of XLM has increased by 10.04%.

The future price of Stellar

XLM has partnered with SatoshiPay for dignifying the micropayment solution. Currently, Gibraltar Blockchain Exchange also supported XLM by enlisting this on their trading platform. It has also partnered with Axel Springer, Europe’s famous digital publisher. This partnership is aimed at content creators online. IBM Blockchain World Wire now uses Stellar blockchain for processing cross border payments. It also received a certificate of compliance with the Sharia Law, including the Islamic States. Thus, this coin is making steady progress, and many crypto enthusiasts assumed that 2019 and the upcoming years could be great for XLM. Accordingly, we think that Stellar can be around 0.60-0.68 USD by 2019 end.

Conclusion

XLM is a very potential cryptocurrency, and its value will rise in the future due to the efficient steps that it is taking for up gradations. It is worth considering this crypto for long term investment.

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International Chamber Of Commerce, Perlin Partner To Drive Blockchain Adoption

The International Chamber of Commerce (ICC) is collaborating with distributed ledger firm Perlin to drive blockchain adoption across its vast …

David Pimentel

The International Chamber of Commerce (ICC) is collaborating with distributed ledger firm Perlin to drive blockchain adoption across its vast membership base.

ICC is the largest, most representative business organization in the world, with more than 45 million member businesses in over 130 countries. It fosters international trade and commerce to promote and protect open markets for goods and services and the free flow of capital. The chamber performs three primary activities: establishment of rules, dispute resolution and policy advocacy.

Perlin has built a practical decentralized privacy-preserving cloud network, which it said “will provide cheap, fast and secure cloud services using the computing power currently sitting idle and unutilized on millions of computers, phones and devices globally.” The platform is powered by the Wavelet Protocol, a protocol developed by Perlin that enables an “ultra-fast directed-acyclic-graph (DAG) distributed ledger capable of over 10,000 transactions per second.” The firm is currently conducting blockchain traceability pilots for major regional businesses, such as Asia Pacific Rayon (APR), the first fully-integrated viscose rayon producer in Asia producing viscose-rayon fibre with its raw material coming from its renewable plantations.

As part of the partnership, the ICC will connect Perlin to its vast member pool, which includes most national chambers of commerce and direct membership from companies including Amazon, Coca Cola, Fedex, McDonalds and PayPal. Perlin will join the ICC as an official technology partner, offering free access to its blockchain platform during the early stages of the project, with an initial focus on practical, efficient and scalable blockchain traceability and transparency systems for value chains.

“The ICC has always been committed to empowering our members to achieve the highest levels of corporate excellence and continuing innovation,” aid John Denton AO, Secretary General of the ICC, “In collaboration with Perlin, which leads the field in blockchain and distributed ledger development, we can help facilitate practical and truly disruptive transformation for businesses across every conceivable industry sector.”

“The Perlin team has always recognized that meaningful blockchain and distributed ledger tech adoption can only be achieved by building tools that are practical, scalable, cost-effective and add substantial value for businesses” said Dorjee Sun, CEO of Perlin, “As the real-world pilots we’re already deploying show, the technology we’ve built meets each of these essential criteria.”

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Blockchain’s Hedera Hashgraph Adds BlockTower Capital Co-founder Ari Paul As Advisor

Hedera Hashgraph, a public distributed ledger platform, has announced the appointment of Ari Paul as advisor. Hedera Hashgraph is an …

David Pimentel

Hedera Hashgraph, a public distributed ledger platform, has announced the appointment of Ari Paul as advisor.

Hedera Hashgraph is an enterprise-grade public ledger designed to have highly diversified governance and the most distributed consensus at scale. It enables organizations to build enterprise-grade applications that address issues such as latency on cryptocurrency transactions, confidence and efficiency in the verification of smart contracts, and secure and transparent storage of files. In 2018, Hedera raised $124 million, all held in fiat, to further the development and launch of the platform.

Paul is the CIO and co-founder of BlockTower Capital, an investment firm that takes long and short positions across a variety of cryptocurrencies. He was previously a portfolio manager for the University of Chicago’s $8 billion endowment, and a derivatives market maker and proprietary trader for Susquehanna International Group (SIG). He earned a BA in political science from the University of Pennsylvania, and an MBA from the University of Chicago.

Mance Harmon, CEO of Hedera, said that Paul’s knowledge and expertise in the field of distributed ledger technologies, and his advocacy for the space, will be invaluable to Hedera as they continue the important work towards creating the industry’s first enterprise-grade distributed ledger technology.

“We are delighted to welcome Ari Paul, a luminary investor and thought leader, to our advisory board,” Harmon said.

Paul said that the Hedera Hashgraph platform is pushing the performance and security boundaries of distributed ledger technology, marking this an exciting moment to join as an advisor.

“Dr. Leemon Baird and Mance Harmon have built a remarkable team and developed a technology which represents a fundamental paradigm shift for the DLT space,” Paul said. “I look forward to working with Hedera through the next phase of their development.”

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“Cryptocurrencies Clearly Shake The World” – International Monetary Fund Managing Director …

The International Monetary Fund’s Managing Director, Christine Lagarde, has stated that there is indeed a lot of value in distributed technologies, …

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2 hours agoBy Abhimanyu Krishnan 0Comments

The International Monetary Fund’s Managing Director, Christine Lagarde, has stated that there is indeed a lot of value in distributed technologies, telling CNBC that cryptocurrencies and digital assets are “shaking the system” and having an impact on the financial sector.

Lagarde, who has previously suggested that central banks consider digital currencies, went on to say that the digital assets space must be monitored to maintain stability – a process that several countries across the world are looking into it. Putting an emphasis on regulation, Lagarde said,

I think the role of the disruptors and anything that is using distributed ledger technology, whether you call it crypto, assets, currencies, or whatever…that is clearly shaking the system. We don’t want innovation that would shake the system so much that we would lose the stability that is needed.

Certainly, if cryptocurrency is to grow then certain measures will have to implemented to prevent consumers from being exposed to much risk, whether that be such incidents as that of QuadrigaCX, a hack like that of Cryptopia, or the volatility that market is still subject to.

Lagarde’s recent positive comments on the space is in keeping with a list of established entities who have begun to see the advantages of decentralized technologies.

The interest in the banking space, as far as cryptocurrencies and blockchain technology is concerned, has been growing rapidly in the past few years. In addition to JPMorgan Chase releasing its own token, JPM Coin, and IBM and Stellar working with banks to aid them in the release of stablecoins, the World Economic Forum (WEF) has also released a report that showed that over 40 central banks across the world are conducting extensive research and/or running pilot programs relating to the space, which an IMF report also concluded.

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About Abhimanyu Krishnan

Abhimanyu is an engineer on paper but a writer by living. To him, the most celebratory aspect of blockchain technology is its democratic nature. While he’s hodling, he can be found reading a good book or making the local dogs howl with the sound of his guitar playing.

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