RATE Group | Stellar Lumens (XLM) Gives Some Interesting Bullish Signals after IBM Announcement
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Stellar Lumens (XLM) Gives Some Interesting Bullish Signals after IBM Announcement

23 Jul Stellar Lumens (XLM) Gives Some Interesting Bullish Signals after IBM Announcement

Posted at 01:39h in Ethereum News by

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Stellar has had an excellent week at both the fundamental and technical levels. The platform, known as Ripple’s decentralized competition, has seen a considerable increase in its market cap as well as a growing credibility in the general business markets.

A few days ago IBM mentioned that they would be working on their own stablecoin based on blockchain technologies. Stronghold USD will be a cryptocurrency backed one-to-one by fiat US Dollars held at Prime Trust, a bank with which IBM has a solid partnership.

Being Stronghold a payment platform running on Stellar, it is safe to think it can boost no only Stellar’s credibility but also its institutional adoption.

After this news broke, Stellar started a bullish streak that took it to number 6 in the global market cap, overtaking Litecoin from its position.

Stellar Bullish Fundamentals.

IBM Logo

From a fundamental point of view, Stellar could represent a good investment option in the medium term.

IBM’s announcement gives the platform…

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