Stellar XLM/USD Above $0.1130: Latest Updates Regarding XRP’s Competitor
The 8th largest cryptocoin by market capitalization [current – $2.1 bln] is one of the only in the green as today’s market performance with 3.65% in the green leading the BTC market by 4.00%.
The aforementioned value movement marks out a monthly [30 days of trading] gain of 36.144 percent with the positive April crypto trending tending to go higher. Breaking above the monthly declining trend-line opened gates for further increase at least for the days ahead.
Jed McCaleb [after selling the famous exchange Mt. Gox] put his efforts and sought to develop a cryptocurrency which would have the main focus value transactionary. The move led to the creation of Ripple lab and that to the crypto XRP [third largest coin by market cap]. In 2013 he left his position in the firm and one year after Mr. McCaleb initiated Stellar Development Foundation.
Mainly focusing on money remittance – the team behind Stellar XLM are trying to develop the most advanced infrastructure for money transferring to that of cross-border level.
In an official blog post published on March 13, the Coinbase team explained that although they are genuinely passionate about the idea (which had a lot of support from the community), XLM trading will be available in all states except New York and other very specific places. The popular american exchange also said that most of its efforts to list more tokens happened because its users actively requested an expansion of said services, something they took quite seriously.
To continue its fruitful path, the Stellar Development Foundation recently announced the revitalization of its executive staff, starting with a new CEO. The Stellar Development Foundation team agreed to hire Denelle Dixon to be the new commander of the project. Former CEO Jed McCaleb was quite enthusiastic about this change and was positive that Ms. Dixon would play a crucial role in consolidating Stellar’s vision, just as she did during her presence in Mozilla.
Featured Image: descryptive.com/