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   1263

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

Coinbase to List Stellar

As reported, at first, the coin will not be available to residents of the UK and the state of New York
19 March 2019   192

Wallet and mobile applications (for iOS and Android) from leading American cryptocurrency company Coinbase now support Stellar Lumens digital asset (XLM).

Stellar’s cryptocurrency, the Stellar Lumen (XLM), powers the Stellar payment network. Stellar aims to connect banks, payment systems and individuals quickly and reliably. Since its launch in 2014, its vision has been to unite the world’s financial infrastructure so that money can flow quickly and cheaply between banks, businesses, and people. The Internet connected the world’s computers so that information could be shared globally. Stellar aims to do the same for money.

Coinbase Team

The new asset is available to users from most jurisdictions. However, at first, the coin will not be available to residents of the UK and the state of New York.