Stellar (XLM) In Deep Sideways Action Despite Major Announcement From Grayscale Investment

2019-1-18 19:56

XLM has in the last couple of hours managed to record some marginal gains. This comes off the back of some positive news from Grayscale investment. In a recent announcement, the investment firm confirmed it will begin supporting Stellar.

The company further confirmed that Stellar would constitute a single investment product. Stellar now joins a list of elite coins like Bitcoin, Ethereum, XRP, Bitcoin Cash, and Litecoin that are single investment products.

The introduction of Stellar will see it receive exposure to investors. This could see demand for Stellar go up and prices steadily climb. The addition of the token reportedly arose from investor’s demand which further demonstrates XLM’s current interest growth.

At the time of press, Stellar seems to be stuck in sideways action, a trend being established by the wider market led by Bitcoin BTC.

Via Coinmarketcap.com

Although Stellar has been able to maintain above $0.10 through the recent price drop, the coin has been unable to break past the $0.11 resistance point. During the crypto surge on December 24, Stellar soared as high as $0.13, one of the more respectable positions for the coin. In the short-term, the coin will be looking to retest the $0.13 position with the prospect of a higher position remaining imminent.

Bitcoin (BTC) And Ethereum (ETH) Price Analysis

The wider market is still in a stalemate with major coins recording marginal movements. Bitcoin is still trading within the $3,650 range with many wondering what direction the coin will take next. According to many, soon a trend will emerge. The coin will need to breach past the $3,700 position marking a bullish trend or drop below $3,500 and set a bearish trend.

If prices drop below $3,500, many are of the opinion that the coin will find a bottom at around or slightly below $3,000. However, price consolidation has seen the prospect of a bearish trend drop. If bitcoin can continue holding ground above $3,500, a rally could be triggered soon.

Via Coin360.com

Ethereum ETH, on the other hand, has also been holding on above $120. At the time of press, Ethereum is trading for a little over $121 marking a marginal change from the last 24 hours.

In the short-term, Ethereum will have to ensure it stays above $120 and ensure investor confidence is on a high. The network upgrade at the time of press is yet to be scheduled by the team, with its success a major catalyst over the direction the coin takes.

The post Stellar (XLM) In Deep Sideways Action Despite Major Announcement From Grayscale Investment appeared first on ZyCrypto.

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investment stellar xlm grayscale announcement confirmed action

investment stellar → Результатов: 38


Bitcoin Giant Grayscale Bolster Institutional Offerings, Launches Stellar Lumens Trust

While Bitcoin (BTC) and a majority of cryptocurrencies, save for Augur’s REP, have remained in a mundane price lull to start 2019, this industry’s upstarts have forged ahead. Grayscale Investments, a self-proclaimed “global leader in digital asset management,” recently launched an investment vehicle centered around Stellar Lumens (XLM) in a seeming bid to spark Wall.

2019-1-18 23:00


Grayscale Investments запустила инвестиционный фонд на основе Stellar Lumens

Инвестиционная компания Grayscale Investments Барри Сильберта официально объявила о запуске Grayscale Stellar Lumens Trust — фонда, ориентированного исключительно на криптовалюту XML. 1/ We are excited to announce two big developments! First, today marks the launch of Grayscale Stellar Lumens Trust! Investors can now gain exposure to the price movement of XLM through a traditional investment […]

2019-1-17 20:15


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Morgan Creek Launches Digital Asset Index Fund, Excludes Ripple and Stellar Lumens

Morgan Creek Digital Asset Index Fund launched on August 29th signaling a jump forward for large-scale adoption of cryptocurrencies. With the backing of the Morgan Creek Institutional Investment House, the digital asset index fund will include significant players like bitcoin, and ethereum, though it will leave ripple and lumens out of the asset mix.

2018-8-31 03:00


Cryptohomie Who Spent Almost $150,000 on Altcoins Sees 85% Loss

A crypto enthusiast who took out a six-figure loan to purchase cryptocurrencies has seen them lose almost 85% of their value. Investment Lost with NEO, Stellar, Litecoin, Ethereum, and Others On Monday, Reddit user “Cryptohomie,” a 32-year-old living in Abu Dhabi, UAE, posted a photo of his bank repayment schedule to the cryptocurrency subreddit, according to News.

2018-8-15 04:00


Influx of Positive Developments for Coinbase is Bullish for Crypto

One of the world’s largest cryptocurrency platform has had a stellar week, as positive news floods in regarding the platform’s expansive development plans. Coinbase’s Custody Service Secures The Business Of A $20 Billion Hedge Fund Institutional investment seems to be all the rage in cryptocurrency circles, with many citing this form of interest and investment.

2018-7-24 12:00