Why is XLM so out of flavour? - page 2.

g.m.tyshenk

member

Activity: 392

Merit: 13

Quote from: amicrypto on June 28, 2019, 12:26:40 AM

Recently, the markets have made a good high and BTC was able to assert it dominance on the market with a 60%+ holding in the entire marketcap. I have also been a believer in the tech behind Stellar and hold a considerable number of Stellar Lumens (XLM) and other products built on the Lumens protocol. But XLM has not taken part in the recent rally. Also, it was badly hammered in the correction that has been going on for the past 24+ hours. Can anyone point to me the reasons behind the fall in XLM. Are the developers abandoning the project? What is going on in Stellar?

Stellar network is still growing with many new developments. For example, in March 2019 Germany's first Bafin approved security token called Bitbond will make quarterly payouts to its security token investors holding its BB1 token in Stellar Lumens. The Bitbond cryptobond has huge growth potential and this will increase awareness and demand for XLM tokens. Its the ongoing growth of the Stellar network that will eventually be realized by smart crypto investors.

TheClownSong

sr. member

Activity: 1428

Merit: 251

Quote from: amicrypto on June 28, 2019, 12:26:40 AM

Recently, the markets have made a good high and BTC was able to assert it dominance on the market with a 60%+ holding in the entire marketcap. I have also been a believer in the tech behind Stellar and hold a considerable number of Stellar Lumens (XLM) and other products built on the Lumens protocol. But XLM has not taken part in the recent rally. Also, it was badly hammered in the correction that has been going on for the past 24+ hours. Can anyone point to me the reasons behind the fall in XLM. Are the developers abandoning the project? What is going on in Stellar?

Maybe what happened to Stellar at this time was because of the depressed bitcoin strength. If the strengthening of bitcoin is held up or the price starts to stabilize, I think the price of Stellar will rise following the movement of the price of bitcoin.

bitgolden

legendary

Activity: 2996

Merit: 1132

Leading Crypto Sports Betting & Casino Platform

Quote from: amicrypto on June 28, 2019, 12:26:40 AM

Recently, the markets have made a good high and BTC was able to assert it dominance on the market with a 60%+ holding in the entire marketcap. I have also been a believer in the tech behind Stellar and hold a considerable number of Stellar Lumens (XLM) and other products built on the Lumens protocol. But XLM has not taken part in the recent rally. Also, it was badly hammered in the correction that has been going on for the past 24+ hours. Can anyone point to me the reasons behind the fall in XLM. Are the developers abandoning the project? What is going on in Stellar?

Don’t worry, it’s time has not come yet, the fact it is not following this rally is not enough to judge that it is not being favored, bitcoin is still the main dominance, and not all the altcoins that we see are following bitcoin in the rally, is stellar still not performing good for retaining its top position amongst thousands of projects that we have, other coins you see jumping along with bitcoin now are just being pumped artificially, and it won’t be long that they will get dumped too.

Just keep holding on to stealer, and as you grow with it overtime, you will not regret you stay with them, now that their price is even still very low, best time to buy more of it, because these type will definitely moon so high in the next altcoins bull run that will be coming in between bitcoin bull.

Mikcik

sr. member

Activity: 742

Merit: 250

Not only XLM, even XRP compared to the beginning of this year only grew 2%. A small number compared to the current bull market and don't worry, invest in these altcoin and be patient. Success will come to you soon

Farul

sr. member

Activity: 270

Merit: 309

Shinji bgt gwh

Quote from: GreatArkansas on June 29, 2019, 07:36:35 PM

Stellar is pure shitcoin, as I remember, Stellar(XLM) is the fork of XRP before right? Since I don't like XRP and I believe that XRP is also a shitcoin.
There's a lot of shitcoin now that has still huge market cap, most of them are just pumps and dumps, manipulation at its finest, even XRP and Stellar.
Becareful holding these kind of coins, especially Steller(XLM).

Yeah, XRP, And XLM System Are Still Trust-Reliance, And Its Kinda Centralized.
And Yeah, XRP Price Can Be Heavily Manipulated By Ripple Labs, Since Ripple Labs Hold And OWN ~60% Of Total Supply.
Unreleased XLM Was Held By SDF (~70% Of Total Supply) And Most Of It Was Intended To Be Spread To As Much People As Possible. They Can Still Manipulate Price Though.
XLM Is Pretty Good At Transferring Little Amount Between Exchange, Since Fast+Low Fee Transaction.

Edit :

Quote from: sri.bima on June 30, 2019, 03:04:31 AM

Does Stellar (XLM) still make airdrop like a few months ago? What is the real purpose of stellar airdrop? I think giving coins for free is very influential on prices. Because getting coins for free will not save the coin too long and of course it will be sold immediately. Sad

Yes.
Most Of XLM That Reserved By SDF(Stellar Development Foundation) Are Purposed For Airdrop.
The Mission Of Stellar Is To Reach As Much People As It Can. So They Airdrop it.

sri.bima

sr. member

Activity: 602

Merit: 250

Does Stellar (XLM) still make airdrop like a few months ago? What is the real purpose of stellar airdrop? I think giving coins for free is very influential on prices. Because getting coins for free will not save the coin too long and of course it will be sold immediately. Sad

beerlover

legendary

Activity: 3052

Merit: 1188

It is not just about xlm, almost all altcoins went down, if you checked the market the price of many altcoins went down in bitcoin price and some of them even dropped in dollars so it was common. Plus that 25 dollars per address type of deal in blockchain.com didn't help at all, there was thousands of dollars just flying around for free without a charge and nobody could have given XLM a better reason to fall.

When prices of other things went up people just spent that 25 bucks on their accounts to buy more stuff or do whatever and right now XLM is basically dumped because all those free coins were sold at around the same time period. I am sure all of them will be recovered soon, eventually bitcoin rally will end and XLM will worth more once again but meantime, try to be patient about it for a while.

styca

sr. member

Activity: 1078

Merit: 354

I don't think the reason is anything to do with the worth of the project. The same is true for other top alts that have fallen just as far. It's just that bitcoin is outpacing all the alts in this recovery, and has been since it started.

Airelves09

member

Activity: 298

Merit: 10

XLM is one of many altcoins. I think it's market effect that the price of XLM hasn't risen. Most of the money in the encryption market has gone to buy BTC. That lowered the prices of other altcoins. The XLM community has been very active. I believe that when most altcoins prices go up, they will go up. So we need to wait patiently.

GreatArkansas

legendary

Activity: 2506

Merit: 1394

Stellar is pure shitcoin, as I remember, Stellar(XLM) is the fork of XRP before right? Since I don't like XRP and I believe that XRP is also a shitcoin.
There's a lot of shitcoin now that has still huge market cap, most of them are just pumps and dumps, manipulation at its finest, even XRP and Stellar.
Becareful holding these kind of coins, especially Steller(XLM).

RBF

full member

Activity: 212

Merit: 114

I like Stellar coin, but I never like projects who made based on Stellar blockchain! Because those coins are not for holding or profit. Stellar, Cardano is very slow coins according to others top coins. I would suggest you move on to Bitcoin because only Bitcoin investment is real. I know many people who don't care about the altcoins, they used to call these are shit. Only Bitcoin is the real investment, and look now they are in a very profit zone. So, to make a profit from an investment, Stellar is not a good coin!

torry28

legendary

Activity: 1680

Merit: 1001

Quote from: LimLims on June 28, 2019, 09:30:12 AM

Yes this is well appropriate.
But you need to understand how the price of XLM affects.
This happenes due to the trading volume.
It is only the trading volume for which the price of a particular coin increases or decreases.
So i guess now you can understand.
For this XLM you can say out of flavor.
Good luck.

What the f**k actuallly you wrote. I don't understand it all

Quote from: rosezionjohn on June 28, 2019, 09:44:03 AM

Maybe it was just overpriced before and it is now coming back to its real value? What has made it pump previously? When people lose trust or when the hype on certain announcements dies down, a price decline is to be expected.

Yes it was overpriced. As you can see the price keep stable since 2018 until now, there should be at least some good news since then, but it doesn't affect with stellar price

ccsang

full member

Activity: 910

Merit: 103

Quote from: Farul on June 28, 2019, 08:59:36 AM

Because There Are Some Bad Rumour About It.
First, Libra Is Announced,And Some Rumoured It'll Be XRP And XLM Competitor.
Second, There's A Rumour That IBM And Stellar Relationship Is Souring(https://t.me/StellarLumens/325632).
Third, Jed McCaleb Is No Longer SDF CEO. Sad

If You Complaining Abot XLM Price Now, Don't Worry Other Altcoin Experiences That Too.

Thanks for the information, look like there are too much bad rumour around Stellar, no wonder bitcoin price rapid grow but Stellar price drop. Altcoins will not feel the benefits in current market grow, we're not alone but I still believe that Stellar is one of the top potential altcoin.

Aveatrex

sr. member

Activity: 840

Merit: 375

Quote from: leonair on June 28, 2019, 01:45:36 AM

You're not alone my friend, I heavily invested with XLM too and holding since its ATH and as of now I don't see any reason for it to go this low, it's out of the top 10 altcoins. The price of it goes stagnant when Bitcoin's price are increasing.

As far as I know,there is some inflation of Stellar: Staking.If I remmeber well there's a 1% APR if you stake your Stellar in your wallet and considering that there's a lot of people who are Staking coins nowadays this can be a reason why XLM isn't getting pumped much during the bull market,that's why I don't like much Masternode/Stake-able coins to be honest.

puremage111

hero member

Activity: 1568

Merit: 511

Well XLM pump are usually kinda off tick from the usual market pump

When most alts pump, XLM doesn't really pump until a specific season
It is just like XRP in the current market
Despite i could classified XRP as a tier 1 major alts like Ethereum, EOS, LTC
But look at it, it is not pump yet

However, when XLM/XRP pump, it pumps alot especially comes to XLM
I didn't really follow on the development of XLM but there's a cycle that its price will get appreciated

vladimirhf

member

Activity: 590

Merit: 39

Quote from: Tipstar on June 28, 2019, 08:10:28 AM

Stellar has been in the shadow of Ethereum. It's exchange never got a good traffic as there are not many stellar based tokens to trade with. Single blockchain exchanges would never succeed. Stellar though better than Ethereum in many ways, is still complicated for most of the developers.

the exchange is much better than any eth dex, unfortunatelly most people are holding / trading tokens on centralized exchanges and dont even try to use the coins...

pinoy.bolanon

member

Activity: 350

Merit: 10

"In CryptoEnergy we trust"

Quote from: amicrypto on June 28, 2019, 12:26:40 AM

Recently, the markets have made a good high and BTC was able to assert it dominance on the market with a 60%+ holding in the entire marketcap. I have also been a believer in the tech behind Stellar and hold a considerable number of Stellar Lumens (XLM) and other products built on the Lumens protocol. But XLM has not taken part in the recent rally. Also, it was badly hammered in the correction that has been going on for the past 24+ hours. Can anyone point to me the reasons behind the fall in XLM. Are the developers abandoning the project? What is going on in Stellar?

XLM is a good investment for me, but what matters to me is the number of supply out in the market, XLM has the large number of coins in the market, and in fact some of the exchanges has doing some airdrops up until this very moment like blockchain and coinbase and some others too, for now, the supply is not controlled, maybe this is the reason why many are selling their holdings, and it affects the price value.

cupruri

copper member

Activity: 196

Merit: 1

I have no idea, but this is happening not only with Stellar. It is one of the greatest altcoins and stands in one raw with ETH, LTC, BCH and so on. But none of those altcoins have shown a great price increase, so I hope great times are coming in the future.

rosezionjohn

sr. member

Activity: 882

Merit: 301

Maybe it was just overpriced before and it is now coming back to its real value? What has made it pump previously? When people lose trust or when the hype on certain announcements dies down, a price decline is to be expected.

dark08

full member

Activity: 798

Merit: 104

I'm also a holder of XLM and its really sad too see this altcoin now follow the price flow of Bitcoin but not only XLM most altcoin are being experienced a hard down after Bitcoin dominance and suddenly make a falling down. Maybe because we are not on altcoin season stage.

Topic: Why is XLM so out of flavour? - page 2. (Read 663 times)