Stellar [XLM] Surpassed TRON (TRX), Citing Big Announcement by IBM and Bitbond

Tabassum Altcoin News published February 20, 2019 | modified February 20, 2019

Stellar [XLM] Surpassed TRON (TRX), Citing Big Announcement by IBM and Bitbond

Today’s average market cap for Stellar (XLM) is greener than other currencies – remarkably it jumped over TRON (TRX). According to the data from coinmarketcap, the present value of XLM is appreciated with 3.64 percent over the past 24 hours and has surpassed TRN’s eighth spot.

IBM Hints To Partnered With XLM

It’s quite amazing to find what influence the price of XLM surged in a couple of hours. Often the constructive statements around any coin appreciate its value – its quite true in case of XLM too this time. Nonetheless, during an interview, Jesse Lund who is the head of blockchain solutions at IBM hints a new partnership with Stellar (XLM). In an interview, IBM which is bullish on Blockchain and has big plans for Blockchain World Wire (the Stellar-powered system launched by IBM in September last year), states; ‘a lot of announcements are coming soon’.

Moreover, with Fred Schebesta, co-founder at Finder and host of YouTube show ‘The Daily Exchange’, Jesse Lund reveals;

  • IBM has several “letters of intent” with major banks to release digital currencies.
  • World Wire will be supporting 50 countries out of the gate, ‘dragging along’ up to 40 banks.
  • A special announcement” of a partnership with the Stellar Development Foundation.

Moreover, the Lund claims that he would be marking his presence in Singapore’s major event with Jed McCaleb very soon. As soon as, the so-called ‘special announcement’ that hints at IBM and Stellar partnership rolled out, crypto enthusiasts began expecting XLM price to grow. Indeed it happened.

Bitbond’s STO Comes with XLM as Return

Moreover, very recently, Coingape reported ‘Germany’s Bitbond became the first regulated blockchain firm to issue STO tokens. Nevertheless, the firm announced to offer investor’s return on capital invested in the form of XLM than the other largest cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP and so on.

XLM Took New Move

As for now, the graph points XLM on eight positions again whereas the TRX slid down to the ninth position with a brief decline of 1.33 percent during the last 24hours. Moreover,the average trading volume of XLM counts $1,684,600,971 as compared to TRX’s volume $1,656,235,621.

What’s your stake on XLM growth? share your opinion with us. 

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Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]
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