{"id":633948,"date":"2024-08-08T17:00:49","date_gmt":"2024-08-08T17:00:49","guid":{"rendered":"https:\/\/ktsl888.com\/?p=633948"},"modified":"2024-08-08T10:20:33","modified_gmt":"2024-08-08T10:20:33","slug":"stellar-xlm-shines-with-11-gain-despite-downbeat-crypto-market-mood","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/stellar-xlm-shines-with-11-gain-despite-downbeat-crypto-market-mood\/","title":{"rendered":"Stellar (XLM) Shines With 11% Gain Despite Downbeat Crypto Market Mood"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Stellar (XLM) flexes its muscles as it rose in price today, August 8th, going against the slowing market rebound that occurred after the market\u2019s dip that happened earlier this week. According to <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/stellar\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinGecko<\/span><\/a><span style=\"font-weight: 400\">, XLM shifted upwards by almost 10% gaining in an environment where the majority of altcoins are still experiencing pain.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/polkadot-developments-show-strength-despite-coins-18-loss\/\">Polkadot Developments Show Strength, Despite Coin\u2019s 18% Loss<\/a><\/div>\n<p><span style=\"font-weight: 400\">The Stellar network\u2019s current bullishness can be largely attributed to recent developments that show the platform\u2019s commitment to bringing crypto within reach of the average Joe.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Decaf On Stellar<\/span><\/h2>\n<p><span style=\"font-weight: 400\">This week, users on Stellar are rejoicing as Simplex recently <\/span><a href=\"https:\/\/x.com\/SimplexCC\/status\/37967622\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">announced<\/span><\/a><span style=\"font-weight: 400\"> that due to their partnership with the platform, USDC is now supported on Stellar which increases the convenience of using the platform. The stablecoin is also available on <\/span><a href=\"https:\/\/www.decaf.so\/#header\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Decaf<\/span><\/a><span style=\"font-weight: 400\">, a non-custodial wallet that describes itself as \u201ca global bank, onchain.\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/USDC?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#USDC<\/a> is now supported on the <a href=\"https:\/\/twitter.com\/hashtag\/Stellar?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Stellar<\/a> blockchain!<\/p>\n<p>Thanks to our collaboration with <a href=\"https:\/\/twitter.com\/StellarOrg?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@StellarOrg<\/a>, you can now seamlessly buy USDC on Stellar, enabling faster and cheaper transactions.<a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Blockchain?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Blockchain<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Simplex?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Simplex<\/a> <a href=\"https:\/\/t.co\/AOx163txsU\" rel=\"nofollow\">pic.twitter.com\/AOx163txsU<\/a><\/p>\n<p>\u2014 Simplex (@SimplexCC) <a href=\"https:\/\/twitter.com\/SimplexCC\/status\/37967622?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 6, 2024<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">Recently, Decaf <\/span><a href=\"https:\/\/x.com\/Decaf_so\/status\/60982031\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">announced<\/span><\/a><span style=\"font-weight: 400\"> that its platform will now enable US accounts, allowing new and current users to receive US dollars from the mainland United States to wherever they\u2019re located. The platform is widely popular in Latin America where the banking sector is lacking severely. This development will help empower the growing user base of crypto users in Latin America.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udce2 US accounts are LIVE in the Decaf Wallet!!<\/p>\n<p>Get a US account in 2 minutes! \ud83c\uddfa\ud83c\uddf8<\/p>\n<p>You or anyone can transfer USD to that account and you&#8217;ll receive it as <a href=\"https:\/\/twitter.com\/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$USDC<\/a>.<\/p>\n<p>NO FEES for early access: 1 USD = 1 USDC \ud83d\ude31 <a href=\"https:\/\/t.co\/FVYkiQ8Gu2\" rel=\"nofollow\">pic.twitter.com\/FVYkiQ8Gu2<\/a><\/p>\n<p>\u2014 Decaf \u2615 (@Decaf_so) <a href=\"https:\/\/twitter.com\/Decaf_so\/status\/60982031?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 7, 2024<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">Most importantly, it will assist individuals in countries where the financial system is often lacking.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">In an <\/span><a href=\"https:\/\/stellar.org\/blog\/ecosystem\/decentralife-fernanda-orduna-rangel-decaf\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">interview<\/span><\/a><span style=\"font-weight: 400\"> with Stellar, Decaf Co-Founder and developer Fernanda Orduna stated the reasoning behind the platform:\u00a0<\/span><\/p>\n<h4><em><span style=\"font-weight: 400\">\u201c<\/span><span style=\"font-weight: 400\">They don&#8217;t have many options. They don&#8217;t have financial freedom. This is something that happens everywhere in Latin America and especially now, for example, if you look at Argentina, Venezuela, [and] Colombia, people have a real need.\u201d\u00a0<\/span><\/em><\/h4>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"font-weight: 600;text-align: center\" src=\"https:\/\/www.tradingview.com\/x\/EUqlAlGN\/\" alt=\"\" width=\"2475\" height=\"1163\"><\/p>\n<p>XLM market cap currently at $2.9 billion. Chart: TradingView.com<\/p>\n<h2><span style=\"font-weight: 400\">Stability And Low Volatility Support XLM Bulls<\/span><\/h2>\n<p><span style=\"font-weight: 400\">As of writing, the token is currently in a tight spot to secure its gains in the past 24 hours. XLM is sitting between $0.1003 and $0.1058, a price range historically held by the bears.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">XLM bulls might find some respite on this price range. The token\u2019s low volatility might be followed by stable prices which will give the bulls enough time to gather momentum for a breakthrough toward $0.1058 in the long term.\u00a0<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-633952\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/a_f085ae.png?resize=626%2C419\" alt=\"\" width=\"626\" height=\"419\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/a_f085ae.png?w=626 626w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/a_f085ae.png?w=460 460w\" sizes=\"auto, (max-width: 626px) 100vw, 626px\"><\/p>\n<p><span style=\"font-weight: 400\">How far into the future the \u201clong term\u201d might be is entirely dependent on the overall market environment. With private equity firms <\/span><a href=\"https:\/\/www.investing.com\/news\/stock-market-news\/goldman-sachs-momentum-models-point-to-more-downside-in-stocks-3558753\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">pointing<\/span><\/a><span style=\"font-weight: 400\"> to more pain in the financial market, crypto won\u2019t be spared once stocks start flashing red. XLM\u2019s high correlation with Bitcoin will play a part in this affair.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/bloody-monday-cardano-not-spared-from-bloodbath-suffers-29-loss\/\">Bloody Monday: Cardano Not Spared From Bloodbath, Suffers 30% Loss<\/a><\/div>\n<p><span style=\"font-weight: 400\">But Stellar\u2019s entry in providing blockchain solutions to real-world problems might help slow or stop the bearish tide. Investors and users will see value in Stellar\u2019s use case, thus bumping XLM by a few percentage points in the next couple of weeks.\u00a0<\/span><\/p>\n<p><em>Featured image from Zipmex, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stellar (XLM) flexes its muscles as it rose in price today, August 8th, going against the slowing market rebound that occurred after the market\u2019s dip that happened earlier this week. According to CoinGecko, XLM shifted upwards by almost 10% gaining in an environment where the majority of altcoins are still experiencing pain.\u00a0 Related Reading: Polkadot Developments Show Strength, Despite Coin\u2019s 18% Loss The Stellar network\u2019s current bullishness can be largely attributed to recent developments that show the platform\u2019s commitment to bringing crypto within reach of the average Joe.\u00a0 Decaf On Stellar This week, users on Stellar are rejoicing as Simplex recently announced that due to their partnership with the platform, USDC is now supported on Stellar which increases the convenience of using the platform. The stablecoin is also available on Decaf, a non-custodial wallet that describes itself as \u201ca global bank, onchain.\u201d #USDC is now supported on the #Stellar blockchain! Thanks to our collaboration with @StellarOrg, you can now seamlessly buy USDC on Stellar, enabling faster and cheaper transactions.#Crypto #Blockchain #Simplex pic.twitter.com\/AOx163txsU \u2014 Simplex (@SimplexCC) August 6, 2024 Recently, Decaf announced that its platform will now enable US accounts, allowing new and current users to receive US dollars from the mainland United States to wherever they\u2019re located. The platform is widely popular in Latin America where the banking sector is lacking severely. This development will help empower the growing user base of crypto users in Latin America. \ud83d\udce2 US accounts are LIVE in the Decaf Wallet!! Get a US account in 2 minutes! \ud83c\uddfa\ud83c\uddf8 You or anyone can transfer USD to that account and you&#8217;ll receive it as $USDC. NO FEES for early access: 1 USD = 1 USDC \ud83d\ude31 pic.twitter.com\/FVYkiQ8Gu2 \u2014 Decaf \u2615 (@Decaf_so) August 7, 2024 Most importantly, it will assist individuals in countries where the financial system is often lacking.\u00a0 In an interview with Stellar, Decaf Co-Founder and developer Fernanda Orduna stated the reasoning behind the platform:\u00a0 \u201cThey don&#8217;t have many options. They don&#8217;t have financial freedom. This is something that happens everywhere in Latin America and especially now, for example, if you look at Argentina, Venezuela, [and] Colombia, people have a real need.\u201d\u00a0 XLM market cap currently at $2.9 billion. Chart: TradingView.com Stability And Low Volatility Support XLM Bulls As of writing, the token is currently in a tight spot to secure its gains in the past 24 hours. XLM is sitting between $0.1003 and $0.1058, a price range historically held by the bears.\u00a0 XLM bulls might find some respite on this price range. The token\u2019s low volatility might be followed by stable prices which will give the bulls enough time to gather momentum for a breakthrough toward $0.1058 in the long term.\u00a0 How far into the future the \u201clong term\u201d might be is entirely dependent on the overall market environment. With private equity firms pointing to more pain in the financial market, crypto won\u2019t be spared once stocks start flashing red. XLM\u2019s high correlation with Bitcoin will play a part in this affair.\u00a0 Related Reading: Bloody Monday: Cardano Not Spared From Bloodbath, Suffers 30% Loss But Stellar\u2019s entry in providing blockchain solutions to real-world problems might help slow or stop the bearish tide. Investors and users will see value in Stellar\u2019s use case, thus bumping XLM by a few percentage points in the next couple of weeks.\u00a0 Featured image from Zipmex, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":633954,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,3970,12220],"class_list":["post-633948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-stellar","tag-xlm"],"acf":[],"yoast_head":"\n<title>Stellar Shines With 11% Gain Despite Downbeat Market Mood<\/title>\n<meta name=\"description\" content=\"Stellar (XLM) flexes its muscles as it rose in price today, August 8th, going against the slowing market rebound that occurred after the market\u2019s dip that\" \/>\n<meta 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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