Stellar Lumens XLM Pauses The Bear Run As Switzerland’s Falcon Private Bank Starts Trading XLM

stellar lumens

Stellar Lumens News Today – Stellar Lumens has been underperforming the market for the past few months now. Even while other tokens recorded significant gains, this banker’s token which is meant to be the key that the Stellar Development Foundation will employ in reinventing the traditional cross-border payment sector, hasn’t had things easy. The pressure from the bears have been increasing consistently. Thankfully, the bears paused their rally briefly yesterday when the Falcon Private Bank in Switzerland announced that it now offers support for Stellar Lumens XLM. The price of the token found relative stability and has been in green until now.

Stellar Lumens News Today – Stellar Lumens Gets Listed On Falcon Private Bank

Falcon Private Bank provides a blockchain solution that is secure, regulated and convenient for those who are interested in dealing with blockchain assets. Before now, the platform supported BTC, ETH, BCH, and LTC. It announced yesterday that it now accepts XRP and XLM. The announcement was as follows;

“Proud to introduce trading and custody for XRP and Stellar Lumens. Discover our full range of blockchain solutions.”

The information about the banks blockchain solution which is posted on its official website is as follows;

“Falcon has developed audited processes allowing to execute a broad range of transactions with blockchain assets – in line with regulatory and compliance requirements. Clients can purchase cryptocurrencies via the bank, directly transfer them to and from their segregated Falcon wallets, and convert them into fiat currencies.”

Using this service, individuals can transfer the eligible cryptocurrencies into and out of the segregated Falcon wallets. They also provide custody solutions that allows clients to manage their cryptocurrencies that are stored in the cold storage. The bank also announced that they are considering other small market capital coins and watching them closely. At the same time, they want to attend to the needs of their clients by providing more blockchain offerings.

Stellar Lumens News Today -Stellar Lumens Price Prediction 2019 – Current Price Of Stellar Lumens – Stellar Lumens Price Finds Stability Amid Latest Announcement

The price of Stellar Lumens XLM is currently down year-to-date. In the beginning of the year, the opening price of Stellar Lumens XLM was about $0.1200. Unfortunately, at the time of writing, it was trading at $0.101733. This means that it is up by 0.68% against the USD and down by 1.40% against the price of BTC. The trading volume over a 24 hour period is $329,270,397 and the market capitalization is $1,976,172,310.

Stellar (XLM) Price Today – XLM / USD [ccpw id=”17326″]

Even if BTC is outperforming Stellar Lumens XLM, the fact that it has found relative stability against the USD is a good thing. A few weeks ago, amid the intense bearish pressure, the price of XLM fell below the support at $0.1000 reaching the $0.99 level before the bulls showed up and drove the price above the $0.1000 level again. Things haven’t been looking good for Stellar Lumens XLM. The rumors about the possible dismantling of the partnership between Stellar Lumens and IBM led to a serious reduction in buying interest. There has also been increased competition since Facebook released the white paper for its cryptocurrency Libra.

What do you think about the Stellar Lumens price prediction 2019 in our Stellar Lumens news today. Share your thoughts in the comment section below.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.