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Stellar (XLM) Price Bounce: Correction or Reversal?
The XLM price began a bounce on May 25, but the increase was temporarily halted yesterday.
While the short-term chart supports the validity of the bounce, the long-term one indicates the trend is bearish.
The Stellar (XLM) price began a bounce in May, which could continue to the closest Fib resistance levels.
However, even though the bounce could continue in the short term, the long-term readings still indicate that the trend is bearish.
Stellar Price Might Have Completed Correction
The daily time frame outlook shows that the XLM price has descended since April 1, when it reached its yearly high of $0.11.
The decrease ended an upward movement that started at the beginning of the year. The upward movement resembles an A-B-C corrective structure (white).
Therefore, it is likely that the ensuing decrease is part of a new bearish trend. This is supported by the fact that the decrease looks like a five-wave downward movement (black).
Read More: https://beincrypto.com/xlm-price-bounce-correction-or-reversal/
Stellar (XLM) Price Bounce: Correction or Reversal?
The XLM price began a bounce on May 25, but the increase was temporarily halted yesterday.
While the short-term chart supports the validity of the bounce, the long-term one indicates the trend is bearish....
Stellar Foundation: A new integration in tow, but can it challenge Ethereum, Solana?
Stellar Foundation’s asset tokenization abilities have come to the aid of Franklin Templeton’s OnChain US Government Money Fund. What does this mean?
In a recent development, the Stellar Foundation has announced that a major financial institution is onboarding its platform. The onboarding is meant to be a significant intersection between traditional finance (TradFi) and blockchain technology. Additionally, the Soroban Network, which is part of the Foundation, is stepping up to the plate and challenging established players.
The Frank Templeton Stellar Foundation collaboration
In April, the Stellar Foundation shared some exciting news – Franklin Templeton’s OnChain U.S. Government Money Fund was integrated into the Stellar network via the Benji Investments app. This announcement was noteworthy because Templeton became the first U.S.-registered mutual fund to adopt public blockchain technology for transactions and share ownership via the Stellar blockchain.
The fund’s transfer agent maintains the official record of share ownership by utilizing a proprietary system that integrates blockchain technology and currently leverages the Stellar blockchain network for all transaction activity.
Stellar Foundation: A new integration in tow, but can it challenge Ethereum, Solana?
Stellar Foundation’s asset tokenization abilities have come to the aid of Franklin Templeton’s OnChain US Government Money Fund. What does this mean?
In a recent development, the Stellar Foundation has announced that a major financial institution is onboarding its platform. The onboarding is meant to be a significant intersection between traditional finance (TradFi) and blockchain technology. Additionally, the Soroban Network, which is part of the Foundation, is stepping up to the plate and challenging estab...
Stellar (XLM) Partner MoneyGram Obtains Major Award by Newsweek
The prestigious award is recognition of MoneyGram's stellar reputation and global trust of investors, customers and expert communities. Amid all the "Most Trustworthy Companies" in the Finances category, crypto-friendly MoneyGram was ranked fourth. MoneyGram named Most Trustworthy Company by Newsweek in 2023 According to an official statement shared by the team of MoneyGram, a Texas-based cross-border payments heavyweight, it obtained the "Most Trustworthy Company in 2023" status from Newsweek, an American weekly news magazine.
The experts evaluated global businesses based on a holistic approach to analyze its trust. The research included three main aspects: customer trust, investor trust and employee trust. Alex Holmes, MoneyGram chairman and CEO, is excited by this new status and the opportunities MoneyGram's strategy unlocks for users of digital payment systems across the globe: We are extremely honored to be named one of the most trustworthy companies in America, not only by a media organization as reputable as Newsweek, but also by a core group of stakeholders. This recognition is a testament to how we at MoneyGram set ourselves apart through an unwavering commitment to executing our corporate strategy, empowering our global workforce, and going above and beyond to exceptionally serve communities around the world
Read more on U.Today https://u.today/stellar-xlm-partner-moneygram-obtains-major-award-by-newsweek
Stellar (XLM) Partner MoneyGram Obtains Major Award by NewsweekThe prestigious award is recognition of MoneyGram's stellar reputation and global trust of investors, customers and expert communities. Amid all the "Most Trustworthy Companies" in the Finances category, crypto-friendly MoneyGram was ranked fourth. MoneyGram named Most Trustworthy Company by Newsweek in 2023 According to an official statement shared by the team of MoneyGram, a Texas-based cross-border payments heavyweight, it obtained the "Most Trustworthy Company in 2023" status from Newsweek, an AmericaU....
Stellar Lumens paves the way for seamless cross-chain transactions with newly built bridge linking Polkadot and Kusama Networks – Report
The Spacewalk bridge is already live on Polkadot’s canary network Kusama and will go live on Polkadot’s mainnet in two-three weeks.
This bridge between Stellar and Polkadot seeks to connect fiat currencies and stablecoins.
Stellar, the cryptocurrency payments specialist recently introduced its newly built Spacewalk bridge connecting the blockchain to Polkadot and its sister platform Kusama. This development will connect the two blockchain ecosystems with Stellar’s fiat-on-ramps worldwide.
Pendulum, a recent Polkadot parachain auction winner has built the bridge connecting the forex markets with decentralized finance (DeFi) applications. This will be especially applicable in emerging markets where Stellar has built a strong footprint and joined hands with the likes of cross-border payment companies like MoneyGram.
Stellar Lumens paves the way for seamless cross-chain transactions with newly built bridge linking Polkadot and Kusama Networks – Report
The Spacewalk bridge is already live on Polkadot’s canary network Kusama and will go live on Polkadot’s mainnet in two-three weeks.
This bridge between Stellar and Polkadot seeks to connect fiat currencies and stablecoins....
