CoinDeal Exchange Announces Its Decision To Finally List Stellar (XLM)


CoinDeal Announces Its Decision To Finally List Stellar (XLM)

According to an all new statement released by the folks over at CoinDeal yesterday, the crypto exchange will now be supporting Stellar (XLM) — thereby allowing its clients to make use of its XLM/BTC market.

https://twitter.com/CoinDeal_/status/1114178002265493506

For those of our readers who might not be aware, Stellar [XLM] is currently in the top-10 altcoin list (8th to be exact) in terms of overall market capitalization. Additionally, it should also be pointed out that the Stellar ecosystem serves as a financial platform that features an open design and can be accessed by anyone looking to dabble in the world of crypto.

From a technical perspective, we can see that when the Stellar Network first came into existence, it’s currency pool comprised of around 100 billion lumens (XLM). In this regard, the SDF (Stellar Development Foundation) had released a mandate back in 2015 that a total of 95 billion tokens from the above-mentioned coin-pool would be distributed amongst company investors from all across the globe.

XLM Continues Its Impressive Market Run

At press time, it appears as though Stellar Lumens has continued its strong market run and is now pushing a price point of $0.13 — thereby signaling a value gain of around 8% since yesterday afternoon.

Additionally, it is also worth pointing out that the currency has gained 4.5% in relation to BTC — as a result of which, the ratio of the two assets now sits at 2,540 Satoshi.

However, the only thing more that traders could probably ask for right now is an increase in XLM’s overall trade volume (a figure that is currently pegged to the $442m mark).

https://twitter.com/NicholasVoise/status/1114251211950182400

Other Key Data Worth Bearing In Mind

  • As per the data presented above, XLM holders currently have the possibility of making some small term gains by trading their existing assets wisely.
  • Some traders are also wondering whether or not XLM is capable of exiting the downward channel it seems to be trapped in at the moment.

Final Take

When it's all said and done, there appear to be no apparent reasons for XLM investors to be unhappy at the moment — since all of the currency’s core indicators seem to be in the ‘green zone’.

However, only the coming few days will determine whether or not the premier alt-asset will be able to maintain its ongoing upward surge.

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