Stellar 9.90% has jumped almost 20% after online payment Stripe says that it may add support for stellar 9.90% in the future. Stripe handles payments of more than 1 lakh business and it would stop processing bitcoin 3.44% using bitcoin 3.44% due to slower transaction rates and fees.
XLM/USD broken major trend line resistance 0.5300 and jumped till 0.6500 level. The major support is around 0.4200 level. So jump of 50% form that level possible.
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The pair taken support near 0.53 resistance turned into support.Any convincing break above 0.65 will take the pair to next level till 0.80/1
BTW, Stripe has long been a Stellar partner and IS building Stellar more intricately into their system. Much more news to come out in the near future and going by the roadmap hints they will be one of many involved in the SDEX cross-platform exchange they will be rolling out in the near future (targeting 1st quarter).
I tend to lean more on those sorts of fundamentals these days, given the appearance that some whales have periodically been slamming the markets with red across the board (like now..:-() and I believe distorting accurate reading of TA chart data. Gotta wonder if they're using bots and why I've seen this ever since the CME and CBOE launch of BTC futures contracts. After all, isn't today when one contract expires? Not to mention lots of fairly negatively spun DAVOS chatter on bitcoin and blockchain, as well as the story that just broke that Coinbase's GDAX is going to add derivatives trading. The last one certainly seems to have played a part. Who knows though... Thus, I fall back on the fundamentals of what Stellar is shooting for and how close they are to getting there.
BTW, Stripe has long been a Stellar partner and IS building Stellar more intricately into their system. Much more news to come out in the near future and going by the roadmap hints they will be one of many involved in the SDEX cross-platform exchange they will be rolling out in the near future (targeting 1st quarter).
I tend to lean more on those sorts of fundamentals these days, given the appearance that some whales have periodically been slamming the markets with red across the board (like now..:-() and I believe distorting accurate reading of TA chart data. Gotta wonder if they're using bots and why I've seen this ever since the CME and CBOE launch of BTC futures contracts. After all, isn't today when one contract expires? Not to mention lots of fairly negatively spun DAVOS chatter on bitcoin and blockchain, as well as the story that just broke that Coinbase's GDAX is going to add derivatives trading. The last one certainly seems to have played a part. Who knows though... Thus, I fall back on the fundamentals of what Stellar is shooting for and how close they are to getting there.