The market is running heavily red but not everything has come to a standstill. The world’s 7th largest cryptocurrency is making a lot of headlines in the market with its continuous listings, partnerships and maintaining somewhat of a controlled price movement.
Red but still in green?
The entire cryptocurrency market is running deep red. However, this one cryptocurrency is making a lot of headlines with various developments and partnerships. The world’s 7th largest cryptocurrency is also registering loses but it is certainly covering it up by adding value for long-term success.
Stellar (XLM) is currently trading at $0.209 with a $5.20 percent loss while running in the green by 0.50 percent in the BTC market. With a market cap of $3.9 billion, it is managing the trading volume of $115 million. Though it also in the red, Stellar registered some of the least losses among the cryptos.
Stellar global adoption: Support from SHIFT markets & Bitpanda
Moving onto the important facets, Stellar joined hands with SHIFT Markets along with Lightyear as stated by SHIFT CEO and Founder, Ian McAfee:
“This is an exciting partnership for us as many of our exchange clients would like to offer Lumens trading on their exchange. Their commitment to providing low-cost financial technologies in developing nations makes them a good fit for our market. We aim to increase Lumen liquidity and usage for both major and exotic fiats.”
Paul Arnautoff, the Director of Sales and Partnerships at Lightyear also shared:
“We are very excited to partner with Shift Markets to help expand the utility and reach of the Stellar blockchain network. With Shift Market’s technology platform and the customers, they work with, Stellar users will now have access to a growing network of liquidity providers in new and emerging markets. With new on-ramps and off-ramps for fiat to virtual currency, the Stellar network continues to expand its mission of financial inclusion and reducing friction in cross-border payments.”
Also, this week only Europe’s leading exchange, Bitpanda added Stellar on its exchange which combined with SHIFT Markets addition, would boost its global adoption.
— Bitpanda (@bitpanda) August 9, 2018
Stellar gets the bronze from Bitcoin IRA
When it comes to cryptocurrency preferences, Stellar Lumens (XLM) is ranked third by the Bitcoin IRA which is a platform that enables people to buy bitcoin and then store them in the retirement accounts.
Chris Kline, the COO of Bitcoin IRA shared,
“We just launched Stellar Lumens and Zcash this past June, and it’s exciting to see both coins take off so quickly.”
With low-cost cryptos like Stellar Lumens used in IRA accounts, it has been further expected to drive their adoption given their ease of access.
For quite some time, Stellar has been making a lot of buzz in the market. Stellar trialing blockchain for B2B payment for cross-border in partnership with TransferTo has been a big step for this cryptocurrency. Last month, Coinbase announced that is looking into adding XLM among other coins. Also, recently IBM utilized Stellar blockchain to launch a stable coin. All these factors foster the growth of Stellar while adding value to it.