Stellar (XLM) price breaks out as new Wirex/Stellar research shows crypto adoption is close

Stellar (XLM) price breaks out as new Wirex/Stellar research shows crypto adoption is close
фото показано с : invezz.com

2021-2-12 00:04

Stellar (XLM) price is trading over 10% higher today to break above the long-term resistance around the $0.44 mark. 

Fundamental analysis: Crypto adoption is close

The latest research conducted by the Stellar Development Foundation and Wirex showed numerous real-world use cases for cryptocurrency. Results of the research have been published during times when the world’s largest digital asset trades at record highs and the EV giant Tesla announced it purchased $1.5 billion in Bitcoin.

According to the findings published in the report, nearly three-quarters of the respondents see crypto payments as a viable alternative to traditional money transfer services.

“It’s clear that crypto is a considerably under-researched area, and it’s vital that we better understand it to be able to produce products that rival the traditional economy and address users’ concerns. At Wirex, we have always believed that the benefits of crypto can offer a viable alternative for payments in the future, and the findings of this report definitely underpin this,” CEO and Co-Founder of Wirex, Pavel Matveev, said.

Interestingly, as much as 86% of respondents suggested that they felt safe using crypto.

“Traditional cross-border payments are costly and take time to settle, but it doesn’t have to be this way. Our research will help us get a glimpse into the pain points people experience with international transactions and highlight opportunities where blockchain and crypto can be part of the solution,” said Denelle Dixon, the Stellar Development Foundation’s CEO and Executive Director.

Technical analysis: Major resistance cleared

Stellar price has gained almost 50% in February after it exploded more than 140% in January. Gains of as much as 160% were made in November to altogether increase the market cap of the digital asset about 400% since October.

Stellar daily chart (TradingView)

XLM/USD price is trading about 10% higher on the day as the XLM buyers work to secure a daily close above the long-term resistance above the $0.44 handle. This would be a bullish confirmation with the buyers targeting the 127.2% Fibonacci extension line that sits just above the $0.50 mark. 

Summary

New research conducted by the Stellar Development Foundation and Wirex shows that the mass adoption of cryptocurrencies is close. In the meantime, XLM/USD price is close to securing a major bullish target.

The post Stellar (XLM) price breaks out as new Wirex/Stellar research shows crypto adoption is close appeared first on Invezz.

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Stellar (XLM) на Currencies.ru

$ 0.1081 (+0.04%)
Объем 24H $44.621m
Изменеия 24h: -0.61 %, 7d: 1.38 %
Cегодня L: $0.1076 - H: $0.1094
Капитализация $3.131b Rank 35
Цена в час новости $ 0.453 (-76.14%)

stellar research crypto adoption wirex close xlm

Источник: invezz.com

stellar research → Результатов: 25


Gen X Investors Overtake Millennials in Crypto Adoption: Wirex & Stellar Report

Nearly 75% of consumers view digital assets and stablecoins as an alternative to traditional money transfer services. High fees, slower transaction times, and hectic cross-border transfers are some of the reasons leading consumers to digital asset payment systems, joint research from Wirex and Stellar Development Foundation (SDF) states.

2021-1-22 21:03


Фото:

Исследование: запуск Ethereum 2.0 увеличит потенциал индустрии стейкинга до $26 млрд

Переход Ethereum на алгоритм консенсуса Proof-Of-Stake (PoS) более чем удвоит стоимость активов, вовлеченных в стейкинг, говорится в новом исследовании Binance Research. Академия Binance определяет стейкинг как: Специалисты Binance Research проанализировали рынок криптовалют на основе механизма PoS.

2019-10-30 21:36


Crypto Hedge Fund Holdings Spiked 40% in Q1 2019 to Whopping $14.4 Billion

By CCN. com: According to a Circle Research report, crypto hedge funds, private equity firms, and venture capitalists increased their holdings by almost 40% in the first quarter of this year. A massive quarter-over-quarter gain, the increases took place before the most recent “bull run,” which means that the same figure might see even larger gains for the second quarter and beyond.

2019-4-26 10:48


Ripple’s XRP & Stellar Lumens [XLM] Price Action – XLM Unaffected After Negative Research Report

There was more volatile price movement from Ripple’s XRP cryptocurrency this week after three weeks of tight movement and consolidation. The price nonetheless is closing the week with a Doji candle which indicates traders are still uncertain about the future price prospects of the third-ranked cryptocurrency by market cap.

2019-3-31 11:34


Фото:

StellarX Weigh In On The Problems With Running ICO’s On Ethereum

StellarX is the looming crypto asset trading platform, developed by an affiliated branch of Stellar (you know, the XLM crypto project). As the StellarX platform continues to see its development, some of the team there have been carrying out side research into why the Ethereum blockchain is a bad place to launch an ICO, indeed, they share some interesting findings too.

2018-8-22 18:30


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