Stellar Lumens (XLM) Down 50% Since IBM Parted Ways With Jesse Lund
- Stellar Lumens (XLM) battered, slides 14.5 percent
- Even with IBM, bears are relentless
Coinciding with Jesse Lund and CTO Yang exit, XLM prices are in a downtrend. Presently, XLM is at a precipice with traders aware that losses below 7 cents could see bears aim for new lows. Meanwhile, the coin is down 14.5 percent from last week’s close.
Stellar Lumens Price Analysis
Despite seamless communication, appears to be lagging. However, the introduction of a new layer, a web built on top of the internet is where future generations will flourish on. Blockchain is the anchor block for a distributed and free .
Good news is, Stellar is right in the middle, carving out market share at this definitive juncture. Support from heavyweights as IBM is also significant. Understandably, the clamor is for good reasons.
The global remittance is on the rise. For example, statistics from the show that by close of the financial year 2018, outflows to developing countries surged to , an increase of 9.6 percent from $483 billion of 2017.