Stellar Lumens (XLM) battered, slides 14.5 percent Even with IBM, bears are relentless
Coinciding with Jesse Lund and CTO Yang exit, XLM prices are in a downtrend. Presently, XLM is at a precipice with traders aware that losses below 7 cents could see bears aim for new lows. Meanwhile, the coin is down 14.5 percent from last week’s close.
Stellar Lumens Price Analysis Fundamentals
Despite seamless communication, finance appears to be lagging. However, the introduction of a new layer, a web built on top of the internet is where future generations will flourish on. Blockchain is the anchor block for a distributed and free internet of value.
Good news is, Stellar is right in the middle, carving out market share at this definitive juncture. Support from heavyweights as IBM is also significant. Understandably, the clamor is for good reasons.
The global remittance is on the rise. For example, statistics from the World Bank show that by close of the financial year 2018, outflows to developing countries surged to $529 billion, an increase of 9.6 percent from $483 billion of 2017.
IBM involvement is bullish for Stellar considering their ties in traditional banking and their influence. Because of IBM commitment to