Bears push bulls down over the week

Being a hotbed for volatility like it is often, the market is flickering extremely and very often in the last few weeks. Most of the coins are dipping to their lowest values creating a depressing scenario with multiple factors across the globe affecting all of this.

Even as the major coins drop in price, collaborations, new listings, new technologies emerging and all other aspects have been witnessed to be on the brim. Most of the projects are competing with each other for who gets the maximum deals or who gets the biggest ones.

On the other hand, a lot of projects are moving towards promising innovation and betterment of the society through the blockchain technology-based cryptocurrencies. Stellar is also one such currency from that list which is in the limelight for a long time as a prospective partner for IBM, Kin foundation, and many others.

Together they look forward to building better systems and make it convenient for society. Over the weeks, the team has witnessed a wave of interest from crypto-enthusiasts and investors.

Stellar is currently participating in the Dubai meetup and has a lot more such conferences and meet-ups scheduled including:

  • May 7-9 Kigali – Tunde Ladipo
  • May 14 – Jed McCaleb, Consensus
  • June 4 – Lisa Nestor, Money2020 Europe
  • Stellar Meetup in Amsterdam (Early June – TBD)

Stellar Lumens [XLM], is currently trading at $0.33 which is a considerably low value and the market cap stands at $6.2 billion after a major fall of almost 10% since yesterday. The prices have not been very stable going with the market trend and XLM had also seen highs, being the very few to stay in green when the market was crashing past few days. The Korean based exchange, OKEx was the latest addition to XLM’s pocket as they announced the listing earlier this week.

Lumener, a Twitterati says:

“Well done. It’s about time!”

Jacob Marley, an XLM holder tweeted:

“Stellar is such a visionary and genuine project. The prices falling and all is not a surprise after so many years. I am gonna HODL and stick to it and see my fortunes favouring me. Well done team such a great project and such a good token.”