• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Stellar XLM market bull run
Nexo

Stellar (XLM) Rallies Ahead of Meridian Conference

Christine Vasileva by Christine Vasileva
3 years ago
in Altcoins, Altcoin News, News, News teaser
0

Stellar is charting a small upward trend, adding more than 10% in a week. XLM trades at $0.069, boosted by the upcoming Meridian conference in Mexico.


Stellar and XRP Often Move in Unison

Stellar has remained relatively stagnant, failing to return to levels near $1. The asset, seen as the open-source competitor of Ripple’s XRP, has seen temporary rallies to as high as $0.13 during a small-scale altcoin season in the summer of 2019.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

In 2019 to date, XLM is one of the worse performers in Bitcoin terms. The Stellar native token is down by nearly 75%, from the 3,000 Satoshi range down to around 700 Satoshi. XLM has also sunk from $0.11 in January, failing to rally more significantly.

In the case of XLM, there is also a pattern in which the #10 cryptoasset often rallies along with XRP. The two projects are seemingly unrelated, but their prices often move in unison. This time, however, the XLM rally sees XRP remaining stationary. Ripple’s token only added around 3.6% this week to $0.29, where it has remained for the past few weeks.

XLM and XRP also share another element – both were supported by the work of Jed McCaleb. Later, the former Co-Founder received a severance of 9 billion XRP tokens.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

McCaleb however, is limited in his selling to avoid tanking the price, but this still has a damaging impact on investor confidence. Ripple itself has aimed to protect the XRP price, by being careful about selling its monthly tranches of 1 billion XRP that get unlocked from the escrow.

πŸ”“ πŸ”“ πŸ”“ πŸ”“ πŸ”“ πŸ”“ πŸ”“ πŸ”“ πŸ”“ πŸ”“ 1,000,000,000 #XRP (295,969,683 USD) unlocked from escrow at Ripple Escrow wallet

Tx: https://t.co/DCvJhGvDwe

— Whale Alert (@whale_alert) November 1, 2019

Projects Choose Close Dates for Annual Conferences

In another strange coincidence, Ripple’s Swell conference in Singapore and the Stellar Meridian conference in Mexico are roughly coinciding.

Swell will happen on November 6-7, and Meridian just ahead of that, on November 4-5. Based on coin calendar data, Stellar seems to have set the dates first, establishing the first conference back in June. Ripple recorded the dates for Swell in August.

Both the Ripple and Stellar solutions aim to bring banks on board to use their system of servers. So far, however, the usage of the actual coins remains slow. XRP sees relatively low volumes for a leading coin, while Stellar sees slower network usage. The Stellar decentralized exchange slowed down its volumes from above $1 million in 24 hours, to just $51,000 in a day.

What do you think about Stellar and Ripple’s competition? Share your thoughts in the comments section below!


Images via Shutterstock, Twitter @Whale_alert

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christine Vasileva

Christine Vasileva

Christine Vasileva is a financial news and business writer, tracking the latest developments in fintech and the effect of blockchain and crypto-assets on global business and finance.

Related Posts

Shiba Inu

Shiba Inu Extinction: Finder Panel Predicts SHIB To Have Zero Value By 2030

6 hours ago
Terra

Terra – A ‘Pyramid Scheme’ – Threatens The Crypto Ecosystem, Billionaire Says

22 hours ago
Getty Images

Getty Images Teams Up With Candy Digital In Foray Into NFTs

1 day ago
Robinhood

Robinhood To Roll Out Standalone Ethereum Wallet

1 day ago
SafeMoon, Coffeezilla screenshot

Is SafeMoon A Billion Dollar Fraud? Coffeezilla Thinks So – Pt.2: Pheonix

1 day ago
Portugal

Portugal Stance On Taxes – Crypto Haven No More?

2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
Β© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

Β© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.