XLM/USD - Attempting to break above $0.40! Break it and it runs!
Stellar had a protocol update in early November bringing Automated Market Makers and liquidity providers on the XLM ecosystem...
Have you heard of Uniswap and Sushiswap decentralized exchanges on ETH network? This is the same, only better.
XLM network is faster (almost instant) and much cheaper to swap/transact (almost free) which will attract a lot of liquidity providers... why swap ETH/BTC and other coins on Uniswap and pay $100-$200 to do so per swap when you can do it on XLM using StellarX decentralized exchange for 1 cent?
This is even better than BNB based decentralized exchanges...
In any event, this fundamental news is bullish for XLM because... any new liquidity/volume on XLM network will put buying pressure on Stellar. If it can capture market share from UNI, SUSHI and BNB/ETH decentralized exchanges... it's gonna rocket.
Plus, the technical indicators are very bullish. I totally see XLM hitting $1 once we break above $0.40 resistance.
Not a bad entry to get in during a breakout above the ascending triangle or to buy support.
Bias, mega bullish...
Like and follow if you liked my idea!
Have you heard of Uniswap and Sushiswap decentralized exchanges on ETH network? This is the same, only better.
XLM network is faster (almost instant) and much cheaper to swap/transact (almost free) which will attract a lot of liquidity providers... why swap ETH/BTC and other coins on Uniswap and pay $100-$200 to do so per swap when you can do it on XLM using StellarX decentralized exchange for 1 cent?
This is even better than BNB based decentralized exchanges...
In any event, this fundamental news is bullish for XLM because... any new liquidity/volume on XLM network will put buying pressure on Stellar. If it can capture market share from UNI, SUSHI and BNB/ETH decentralized exchanges... it's gonna rocket.
Plus, the technical indicators are very bullish. I totally see XLM hitting $1 once we break above $0.40 resistance.
Not a bad entry to get in during a breakout above the ascending triangle or to buy support.
Bias, mega bullish...
Like and follow if you liked my idea!
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