The stellar price got to a two-month high on Wednesday night. It soared by over 12%, inning accordance with coinmarketcap. The possible reasons for the spike could be Coinbase speculation as well as current Huobi listing.
China’s largest cryptocurrency exchange platform, Huobi, introduced that it will permit trading of Stellar Lumens [XLM] from July 26. The down payments are provided from July 25 as well as withdrawals will certainly permitted from July 28, the firm pointed out. In fact, after the Coinbase’s current action, a wave of positive cost gratitude for the currencies was kept in mind, with a gain of 22% since the news was first broke. It was a moment of happiness for XLM fans considering that the coin fell nearly 85% in worth because the beginning of the year.
A mechanical engineer turned journalist, Shekar takes a keen interest in the study and analysis of cryptocurrencies and blockchain strategy. With the cryptocurrency world blooming in the recent days, he finds great interest in monitoring their growth and gathering every possible piece of information about them. He works as a crypto-journalist for the website Cryptodailydose.