coins

XLM Ready for Bitcoin Decoupling?

It’s widely known that all alt coins rise and fall in value in the wake of Bitcoin as it also rises and falls as so many different coins rely on it, despite what some coins may say in terms independence.

Stellar (XLM) However, has become one of the strongest and most stable coins going around.

To decouple from Bitcoin, alt coins need to have their own infrastructure and/or price stability that is derived from said infrastructure. XLM is a leader in alt coins in this space as they have built a whole ecosystem around their project. Without naming everything they’ve put into their ecosystem, some of the major components they’ve built varies from; their own decentralised exchange, stellar-based stable coins, layer 2 scaling solutions similar to the Lightning Network, increased fiat exposure through its presence on almost every major exchange and major connections & partnerships to big companies world-wide.

When taking all of this into consideration, XLM is arguably one of the strongest and stable alt coins going around at the moment. Given the fact that it is getting this kind recognition is testament to their project and what they’re building.

Bitcoin: Heading for $8,000 USD

In line with updating all of our PremiumProgram Members two days ago, we wanted to provide a public update: Bitcoin is going to hit around $8,000.00 USD over the next few days, possibly a week or so.

The signals are there and will show more strongly over the next three days as the market retracts.

This is nothing to worry about if you are not day trading. Markets dip and spike, so stay calm.

What we will be doing:

Buying on the dip Bitcoin, Ehtereum, Stellar and more Alt coins.

Market Update: The State

Bitcoin corrects its uptrend sharply trading against FIAT. In contrast to the recent significant correction from the end of May, this time the Altcoins do not lose too much of their BTC value. Last week began with a new BTC all-time high close to $3000, following the uptrend from our previous weekly update. But during last days we are experiencing a deep correction that reached its low at $2118, almost loosing third in two days. Support around 2000$ seems to hold and we see stabilisation between $2300-2500 area. The correction was expected after a long way rally. Corrections are signs for a healthy rising market.

The trigger this time is continues discussions over the expected events in Bitcoin in early August. Please note that if there will be fork, all Bitcoins must be transferred from exchanges to a secure wallet. Further estimates and possible impacts – too be updated soon.

Crypto mining is at its peak: designated graphic cards are selling on Amazon at a record price high of 2-3 times their recent price ($600). The world’s inventory is currently sold out, which teaches us about the ongoing hype in the mining market.

What we will be doing:

Stocking up on all of our alt coins today, in most cases doubling our current holdings - especially across coins like Ripple, Waves and Bitcoin.