Stellar Continues To Shine With 6.12 % Growth

According to coinmarketcap, we can analyze that Stellar Lumens [XLM] is enjoying Green days. At the time of writing, the coin is trading at$0.109339 with a major push of 6.12%. Moreover, in terms of market cap and positioning, XLM is now at 8th position with marketcap $2,101,007,950.

Stellar Price chart

What Enhanced XLM Growth?

Recently, the popular US based crypto exchange and wallet, Coinbase announced its partnership with Stellar.

At present, Coinbase Pro will accept deposits of XLM for nearly 12 hours prior offering full trading. Coinbase notes that after implementing enough supply of XLM, it will open trading pairs in U.S. dollars, euro and Bitcoin (BTC) in phases.

According to Coinbase’s blog post,

Since its launch in 2014, its vision has been to unite the world’s financial infrastructure so that money can flow quickly and cheaply between banks, businesses, and people. The Internet connected the world’s computers so that information could be shared globally. Stellar aims to do the same for money.

[bctt tweet=”What is the reason for this sudden growth?”]

Basically, XLM trading will go through three stages before enabling full trading, including limit, market and stop orders. The stages involve:

  • transfer-only
  • post-only
  • limit-only

The initial 2 stages provide users to transfer XLM to Coinbase Pro accounts and post limit orders. On the other hand, the limit-only phase will see Coinbase’s trading engine matching limit orders, but not market orders.

Initially, XLM trading will be available for users in Coinbase’s supported jurisdictions, except the state of New York.

What is your opinion on this sudden growth in Stellar? Share your thoughts on our Twitter and Facebook pages.

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Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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