CNBC Fast Money Trader giving 35% rise to Stellar

Brian Kelly, a Bitcoin “televangelist” from CNBC business channel, released a TV report about Stellar cryptocurrency having said that it was worth buying, which gave rise to Stellar price
12 January 2018   630

Brian Kelly, CNBC Fast Money Trader, the founder and CEO of BKCM LLC, an investment firm focused on digital currencies, and the author of “The Bitcoin Big Bang – How Alternative Currencies Are About to Change the World”, is promoting cryptocurrency again.

Following the December episode about Litecoin, Brian Kelly said that he had bought Stellar in CNBC’s Fast Money program January episode entitled "The next coin to surge". The price of Stellar currency jumped immediately after the episode was released.

The main advantages of Stellar according to Brian Kelly:

  • Created by founder of Ripple
  • Working with IBM on cross border payments
  • Faster and cheaper than Bitcoin

So now who do I look for? Someone who is very similar to Ripple, that has a deal with IBM, and I can make more money like Moneygram wants to do. Partnership with IBM, I think, is very important, as IBM doesn't get enough credit for what they are doing. I think that it [Stellar] is going to have another jump right there, as more news start to come out and people start to look to use this technology.

Brian Kelly

CNBC Fast Money Trader

Brian Kelly stated that Stellar is worth buying because the Moneygram deal with Ripple is a "watershed event" for the industry, and it is difficult to compete against Moneygram, as they are going to get their margins lower.

The price of Stellar started growing following the release of CNBC episode, having shown the increase of 35% within past 24 hours and currently continues to grow. Cryptocoin rose from $0,43 to $0,69 within one day, and the market capitalization of the coin increased from $7,8 billion to $12,3 during the same amount of time.

Stellar charts january 2018Stellar Charts

At the moment of press, these are main market parameters of Stellar:

  • Average price: $0,66
  • Marketcap: $11 898 593 050
  • 24h volume: $413 712 000

Asian Cryptotrading: Top Altcoin is Stellar Lumens (XLM)

During the morning’s Asian trading session Stellar Lumens has become leading-the-way altcoin at present
18 April 2018   256

It has begun the market correction. Morning’s Asian trading session is led once again by Bitcoin which has lost 1% on the day dropping back under $8,000 once again. This fact has trailed most of the altcoins down with it, albeit marginally. One seem to be doing much better than the rest this morning and leading the way at the moment is Stellar Lumens.

According to Coinmarketcap`s report, an 11% gains for XLM during the morning’s trading in Asia. Other altcoins are mostly marginally up or down but very few are showing double numeric gains. Stellar is currently trading at $0.31 up from $0.28 this time yesterday, over the week it has gained 55% from $0.20 the same time last Wednesday. The monthly illustration is even more colorful with Stellar rising over 85% from its low of $0.167 on March 18. In a difference from Bitcoin, XLM is up 12% on the day to 3920 satoshis from 3500 sats this time yesterday. During the past week Stellar has earned 34% against BTC from 2925 satoshis the same time last week.

Stellar charts
Stellar Lumens charts

Momentum has been largely operated by general positive market mood for all cryptocurrencies over the past week as well. Those that had the substantial losses such as Lumens and Cardano seem to have rebounded faster as traders and investors shared up on them at low prices. Many build problems and hackathons announced on their Twitter have kept the community busy and recently the altcoin was listed on Coindirect and Buybit. 

This morning the most of trade in Asia has been on Binance which commands 30% of the total volume. South Korean’s have been involved in it also as Upbit and Gopax are second and third with trade in KRW. General XLM volume has grown over the past 24 hours by over 60% to $121 million. Stellar has continued to be steady in the top ten for some time now and is currently 8th position with a market cap of $5.7 billion. 

Total crypto market cap has kept stable over the past day and at present sits at about  $326 billion. Other Asian trading`s solid altcoins include Nem, Bytecoin and Steem.

Stellar Lumens price at the moment of press: $0,318381
24h volume: $116 864 000
Market cap: $5 911 936 081