RATE Group | Coinbase Pairing Helps Stellar Lumens XLM Despite Plummeting Crypto Markets
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Coinbase Pairing Helps Stellar Lumens XLM Despite Plummeting Crypto Markets

20 Nov Coinbase Pairing Helps Stellar Lumens XLM Despite Plummeting Crypto Markets

Posted at 03:41h in Cryptocurrency News by

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Coinbase, Cryptocurrency, Stellar (XLM)–As cryptocurrency tests new lows for 2018, with the overall outlook for the market looking even more bearish in an already abysmal investment year, Stellar XLM has managed to weather the storm thanks to a previous announcement by U.S. based exchange Coinbase.

On Nov. 19, following days of slumping cryptocurrency prices which wiped tens of billions from the market capitalization, the industry took another plunge to $160 billion, with top ten currencies across the board falling double-digit percentage points in addition to last week’s bloodbath. However, Stellar XLM has managed to weather the price fall storm relative to the rest of the market, with prices still above what they were during the summer following the Coinbase announcement.

Coinbase, which recently added Basic Attention Token (BAT) and 0x to its limited coin offering, has managed to buoy the price of Stellar for some time despite slipping market prices for Bitcoin and the…

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