Stellar Lumens [XLM] surges following Coinsuper listing

Coinsuper, a Hong Kong-based fiat-to-crypto exchange, had announced earlier in the week that it would list Stellar Lumens [XLM], the world’s 6^th largest cryptocurrency, on its platform. Following the announcement, the coin posted solid gains in an otherwise dull week for the crypto market.

Stellar Lumens (XLM) is now listed on Coinsuper!!

-Stellar is a platform that connects banks, payments systems, & everyday people. -#6 (Coinmarketcap), deep alliance w/ @IBM https://t.co/TOFQVBUVu5 , @StellarOrg https://t.co/dFt54bY8lj#StellarLumens #XLM $xlm #Coinsuper pic.twitter.com/errroJ9wvq — Coinsuper (@Coinsuper_OFCL) October 15, 2018

This week started off with major coins covering lost ground after last week’s debacle, which saw the collective market shave off $20 billion in total value in a matter of days. The top three coins surged past weekly lows at the start of the week and began to stabilize by Wednesday. Currently, only two coins in the top ten are trading in the green - Ripple’s XRP and Stellar Lumens. The latter is making significant strides since Coinsuper’s listing, rising in excess of 5% with the bullish momentum likely to continue. Coinsuper announced that Stellar Lumens can be traded in two pairs - XLM/BTC and XLM/ETH - with the trades commencing from Tuesday.

XLM/USD

The key support level for the coin was traced at $0.2189, which it last touched on Monday. The key resistance level of XLM was noted at $0.2411 and the altcoin is currently trading 3.7% above this level. The MACD shows that the digital asset is in a bullish swing, while the 100 EMA line indicates a mild upswing. The hourly RSI indicator stands at 61.55, which suggests that the virtual currency is nearing overbought levels. The trading range of XLM is noted at $0.2488-$0.509, with the coin hovering slightly closer to the higher extreme. At press time, the coin had surged by 5.1% against the U.S. dollar and was valued at $0.2507.

XLM/BTC

At the time of writing, the digital currency had edged up close to 6% against Bitcoin [BTC] and currently, one XLM is equivalent to 0.00003702 BTC.

Market Capitalization

At 0500 UTC on Monday, the total market capitalization of the crypto stood at $3.95 billion and in just two hours, the coin surged 8.7% past the $4 billion mark. Since then, the market cap has risen by 6.1% and currently stands at $4.56 billion.

Stellar Lumens [XLM] Price Prediction 2018

• According to WalletInvestor, in the space of 1-year, the price of XLM will rise to $0.4073 and in a span of five years, the price will surge by 364% to $1.21.
• Investing Haven adopts a very optimistic outlook when it comes to Stellar Lumens; it predicts that the coin will be as high as $4 this year.
• The Economy Forecast Agency, which has a more conservative forecast, has predicted that the digital currency will drop to $0.15 this year.

Stellar Lumens [XLM] Latest Updates

• Stellar Lumens and Dash were given the green signal by BitGo, a California-based cryptocurrency custodian that helps investors store cryptocurrency holdings.
• StellarX, the Robinhood-like free trading platform based on Stellar, has begun trading operations and is now fully functional.
• Circle Invest app recently added XLM to its portfolio along with EOS [EOS], Qtum [QTUM] and 0x.

See also: Crypto asset custodian BitGo adds support for Dash, Stellar to follow soon See also: Stellar to get their first full-featured trading app, know all about StellarX See also: Stellar Lumens, EOS, Qtum & 0x now available on Circle Invest app Image via Shutterstock Join our Telegram group