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Not So Stellar: Coinbase News Doesn’t Stop XLM From Lagging Bitcoin

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: "CCN+Hacked". Sign up here. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1524167859587-8'); });Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: "CCN+Hacked". Sign up here. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1524167859587-0'); });TweetShareEarlier this week, Coinbase announced in a blog post that it would add Stellar Lumens (XLM) support to its mobile cryptocurrency wallet app Coinbase Wallet with its next update, which the company expects to roll out over the next week. The wallet app will support Stellar’s testnet in an attempt to “aid developers and power users,” the fintech firm states. Coinbase Wallet Adds Support for Stellar The stellar price barely moved on the news, though it did shoot higher after bitcoin embarked on Tuesday’s mammoth rally. XLM rose an impressive 8.7 percent, though it also fell more than 5 percent against BTC. As of press time, the stellar price stood at $0.13 for a daily gain of 4.5 percent.Stellar lagged bitcoin by a considerable margin, despite the Coinbase Wallet news. | Source: Yahoo FinanceStellar lagged bitcoin even though the Coinbase Wallet addition was theoretically bullish for the cryptocurrency. “Our goal with Coinbase Wallet is to create the world’s leading user-custodied crypto wallet,” the San Francisco-based company states, noting that “adding support for XLM is an important next step in that direction.” Unlike Coinbase.com, the Wallet app stores all private keys on the mobile device of the user, and is available for both Android and iOS. It currently supports bitcoin, ethereum, bitcoin cash, ethereum classic, XRP as well as numerous ERC20-based tokens, and ERC721 collectibles on the ethereum blockchain. Stellar’s Strong Past Month Indicates Future GrowthStellar has been on a tear in March. | Source: Yahoo FinanceNevertheless, stellar currently ranks as the ninth-largest cryptocurrency following a month of bullish price moves. On March 10th, XLM posted an 11.2 percent increase after a three-day uptrend, possibly caused by German-based media company Börsenmedien’s purchase of stakes in SatoshiPay, a $2 million startup that uses Stellar’s blockchain to conduct micropayments.A day later, fintech platform YouHodler announced that it supports XLM as collateral for loans on its platform. Coinbase quickly followed – on March 13th, it introduced XLM trading pairs, as reported by CCN. To solidify stellar’s strong month, IBM announced it has partnered with six global banks to facilitate cheaper and faster transactions with its World Wire blockchain platform – using the XLM blockchain – thus propelling the price to its highest point ahead of Tuesday’s surge. All of this indicates a growing demand for XLM which might push its price even higher – assuming the bitcoin rally holds, that is.document.addEventListener("DOMContentLoaded", function(event) { var commentBoxDiv2 = document.getElementById("vuukle-comments"); var commentBoxDivAfter2 = document.getElementsByClassName("tags")[0]; var cloneCommentBoxDiv2 = commentBoxDiv2.cloneNode(true);commentBoxDiv2.parentNode.removeChild(commentBoxDiv2); commentBoxDivAfter2.parentNode.insertBefore(cloneCommentBoxDiv2, commentBoxDivAfter2.nextSibling); });#vuukle-comments{position:relative!important} var VUUKLE_CONFIG = { apiKey: "c0756128-a51e-44af-9c60-d971619bf980", articleId: "172833", tags: "coinbase, Stellar", author: "Mauro Sacramento", // LangwordpressSync: true, eventHandler: function (e) { console.log(e); if (e.eventType == 'wpSync') { jQuery.ajax({ type: 'POST', data: { "action": "save_comment_to_db", "comment_ID":e.comment_ID, "comment_post_ID": e.comment_post_ID, "comment_author": e.comment_author, "comment_author_email": e.comment_author_email, "comment_author_url": e.comment_author_url, "comment_content": e.comment_content, "comment_type": e.comment_type, "comment_parent_ID": e.comment_parent, "user_id": e.user_id, "comment_author_IP": e.comment_author_IP, "comment_agent": e.comment_agent, "comment_approved": e.comment_approved, "comment_date": e.comment_date, "comment_date_gmt": e.comment_date_gmt, "comment_karma": e.comment_karma, "_wpnonce": "c150051e2c" // WPCS: XSS ok }, url: "/wp-admin/admin-ajax.php", beforeSend: function () {}, success: function (data) { } }); } }, // Articles - recommendations in emotes and comments widget recommendationsWideImages: false, globalRecommendations: true, // Colors darkMode: false, // By Widget theme: {color: "108ee9"}, comments: { vuukleAuth: true, disqusAuth: true, hideRecommendedArticles: false, hideCommentInputBox: false, enabled: true, commentingClosed: false, maxChars: '3000', countToLoad: '5', toxicityLimit: '80', spamLimit: '90', sorting: 'latest', transliteration:{ language: 'en', enabledByDefault: false, }, }, emotes: { enabled: false, hideRecommendedArticles: false, size: '70', // icons size firstImg: '', firstName: 'Yeah!', secondImg: '', secondName: 'Careface', thirdImg: '', thirdName: 'hmm..', fourthImg: '', fourthName: 'HAHA', fifthImg: '', fifthName:'PISSED', sixthImg: '', sixthName: 'cry baby', disable: [], }, powerbar: { enabled: false, defaultEmote: 1, items: [ 'twitter', 'facebook', 'linkedin', 'messenger', 'whatsapp', 'reddit', 'messenger', 'pinterest', 'flipboard', 'email', ], customUrls: { twitter: `http://twitter.com/share?text=Not So Stellar: Coinbase News Doesn’t Stop XLM From Lagging Bitcoin&url=https://www.ccn.com/not-so-stellar-coinbase-news-doesnt-stop-xlm-from-lagging-bitcoin&via=cryptocoinsnews`, }, },}; (function () { var d = document, s = d.createElement('script'); s.async = true; s.src = 'https://cdn.vuukle.com/platform.js'; (d.head || d.body).appendChild(s); })(); googletag.cmd.push(function() { googletag.display('div-gpt-ad-1524167859587-2'); });(function() { var referer="";try{if(referer=document.referrer,"undefined"==typeof referer||""==referer)throw"undefined"}catch(exception){referer=document.location.href,(""==referer||"undefined"==typeof referer)&&(referer=document.URL)}referer=referer.substr(0,700); var rcds = document.getElementById("rcjsload_f09f3b"); var rcel = document.createElement("script"); rcel.id = 'rc_' + Math.floor(Math.random() * 1000); rcel.type = 'text/javascript'; rcel.src = "https://trends.revcontent.com/serve.js.php?w=98632&t="+rcel.id+"&c="+(new Date()).getTime()+"&width="+(window.outerWidth || document.documentElement.clientWidth)+"&referer="+encodeURIComponent(referer); rcel.async = true; rcds.appendChild(rcel); })(); var vuuklehb = vuuklehb || {}; vuuklehb.que = vuuklehb.que || []; var passbackAdunit = { slotId: "/213794966/vuukle-widget/ccn.com", slotSizes: [[250, 250], [300, 250], [400, 250],[400, 300]], adId: "div-gpt-vuukle-passback" }; vuuklehb.que.push(function(){ vuuklehb.loadPassbackAds([passbackAdunit]); });

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