XLMBTC is an open-source payment distribution infrastructure and makes use of it's "leapfrog technology” to connect individuals, payment systems and banks throughout the world. StellarLumens has a primary focus on the developing nations. It facilitates transactions of multiple currencies and assets reliably and efficiently for just fractions of a penny, using a cryptocurrency known as Lumens to bridge between sender and receiver. StellarLumens is decentralized and is also a non-profitFirst off, I love this coin and this company and the team behind it. I believe in what they are doing and think it can bring some real change to the world. I am definitely long on this coin however for now and what I am reading in the charts say it is possible going to drop further.
XLMBTC is currently right on the support line and in a downward channel. We need to see XLMBTC bound off the support and make its way back to the top of the channel. IF it breaks below this support zone we could see it fall to it's lowest of the year and back to numbers in late 2018. We need to watch to see what XLMBTC does in the next few days to see if it will bounce off the support or fall below. With StellarLumens having partnered with IBM and Tempo, Stellar’s credentials are definitely looking impressive. In an increasingly globalised world, it could very well be the future of banking. This is definitely one to keep an eye on!!
Happy Trading :)
Much Love
DustyPH
***This information is not a recommendation to buy or sell***
*Please leave a comment and let me know what you think!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.