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Stellar Lumens (XLM) Making it More Difficult for Ripple’s XRP to Keep Up: Huobi

Finally Bitcoin (BTC) made it past the major $8,000. Very different from previous events, altcoins failed to follow the leader and were unable to break important resistance. For example Ethereum‘s ETH still struggling to go over the $500.00. However, one game changer is on the right path to push other altcoins as it seems as well.

Stellar Lumens XLM

The 6th largest cryptocoin by market capitalization is welcoming a very beautiful day on the 26th of July. The pair XLM/USD is changing hands at $0.3369 with 12.27% increase in the last 24h. The token has almost doubled its price since July 12 when it was trading at $0.18. 70% in two weeks.

The recent hoist could be caused by Huobi – the 3rd largest crypto-exchange. The platform has listed Stellar Lumens token XLM as a trading option. It was let known by a press-release on July 25. XLM can be paired with ETH and BTC on the platform.

“Stellar (XLM) will be launched on Huobi Global on July 25, 2018 (GMT+8). Deposits will be available from 16:30, July 25, 2018 (GMT+8). XLM/BTC and XLM/ETH trading will be available at New Zone from 16:00, July 26, 2018 (GMT+8). Withdrawals will be available from 16:30, July 28, 2018 (GMT+8),” the official announcement reads.

XLM – XRP – Coinbase

Very similar to how things are looking really good for XLM price-wise, it experienced positive development in other sectors recently. With Coinbase announcing that it will explore XLM and other coins as options to be added, the first-row competitor against Stellar – XRP did not take it that well.

Additionally, TransferTo, an international money transfer with presence and outstanding performance in more than 70 countries has aired that it partnered with Stellar (XLM), a significant competitor to Ripple in cross-border money transfer.

The partnership, in a statement by TransferTo, is purposely to brighten the way money is remitted across borders in the world.

“We always aim to be at the forefront of the payments industry, and by partnering with Stellar, our goal is to trial the blockchain technology and scale our cross-border payment service to better serve our partners and reduce costs. This can enable our partners to better serve both the migrant workers sending money home and their families receiving it.” – Aik-Boon Tan, Chief Customer Officer at TransferTo.

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