Stellar Lumens [XLM] turns green after last week’s bottom and the new wallet update!
Stellar Lumens [XLM] has seen a strong market focus over the past few days and has seen XLM’s value going up over the past 7 days. XLM was priced at $0.3909 as seen at press time and is ranked 8th on coinmarketcap.
Binance, Upbit, and Poloniex are the top-ranked exchanges where XLM is traded with a market capitalization of $7.1 billion currently.
The stellar network is the native asset of Lumens, more specifically; Lumens are built into the stellar network. This makes up a unit of digital currency. Users can only exert digital ownership of these assets with a private key and they cannot be held physically.
The biggest confusion is between the networks and token itself as it was called STR before being renamed to XLM. Another myth is that this network needs no native asset. This myth is busted because Lumens are designed to prevent transaction spam on the network and additionally all accounts must have a minimum of 20 XLM’s in their balance at every point in time.
Anthony Barker, XLM tokens holder tweeted:
“My favorite zero fee way to get money while traveling in Philippines. Funded my account using tempo and the Stellar Blockchain and then card less withdrawal at an ATM.”
Charlton Henry a Twitter user and a market analyst quoted:
“It is heartwarming to see XLM in the green zone today. Amazing things are on the horizon for Stellar XLM.”
Michael Kenny, an attendee of the Tel Aviv Conference stated:
“XLM has started to move up; whales are accumulating after pushing down the price in the past few days.”
Eduardo Lima, a Twitterati says,
“Don’t really care if the price goes up. Just want to create more liquidity in my favorite cryptos (remember ladies and gents, your crypto ain’t worth jack if people don’t use it)”
Stellar’s new wallet update and the “confirmation” of a bottom have some market investors believe that this is the time that Stellar might strike back especially after the links to download their Pre-Release Wallet was given to the investors.
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