A Stellar Lift-off? (XLM)

A Stellar Lift-off? (XLM)

 

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Those that have been closely following the rocket-logo’d cryptocurrency will not be surprised by recent XLM price action (10% at the time of writing). With Money 20/20 Asia just around the corner and promise of an exclusive conference announcement, current historic lows will seem too tempting a proposition for many.

T-minus 8 (days)

Providing a tantalizing insight into what the Stellar-IBM announcement might reveal, the agenda on March 19th is described as:

‘Joined by Stellar’s partner [Jed McCaleb], Jesse Lund from IBM will share his vision for how digital currency and other digital assets will transform the payments value chain. IBM will also be making an exclusive product announcement. Together this pioneering duo has grand plans for disrupting and transforming payments and ambitions to establish a truly global footprint in cross-border payments.’

And if this synopsis wasn’t enough for speculators and long-term hodlers, Jesse Lund (Head of Blockchain & Digital Currencies, IBM) even Tweeted the following:

‘Yes, it’s true, we are hiring, because we believe in this business, in digital assets, tokenomics, and in XLM too (did you really doubt?!)… btw, big news coming very soon!’

Read also: A Stellar Month for XLM and IBM? 

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World Wire Domination

Those in the know will recognize that the Stellar/IBM public following have been waiting on official news regarding commercial use of World Wire; IBM’s cross-border payments network utilizing Stellar’s public blockchain protocol. Since its inaugural soft-launch just 6 months ago, little has been revealed regarding real-world usage and banking fiat on/off ramps.

Incredibly, the public may already have a crucial piece of the puzzle before the official Money 20/20 announcement.

‘We’ve got a launch announcement coming out soon … let’s just say we’re gonna be supporting more than 50 countries out of the gate, 30-40 currencies, and enough market makers to drag along 30 or 40 banks, so we’ll have a significant portion of the world covered and our goal is to continue to expand that network and to provide global coverage within 3-5 year’ – Jesse Lund CryptoFinder interview (February 20th)

Conclusion

Following recent 900%+ pumps by the likes of Enjin (rumored Samsung S10 crypto-wallet adoption) traders are certainly in a bullish mood and on the lookout for the next parabolic coin. With Stellar reaching yearly lows only weeks ago, expect volatile anticipatory price action before the big day.