John McAfee, a British-American computer programmer and businessman who founded the software company McAfee Associates, is making cryptocurrencies rise again.
Some time ago John McAfee in his Twitter opened the column “Coin of the Day”, in which every day recommended a new crypto currency. Later McAfee decided to change "Coin of the day" to "Coin of the week", which he is posting every Monday morning.
Coin of the week: Lumen (XLM) - called Stellar by some - though Stellar is the name of the network that created the coins. One of the fastest and cheapest crypto transactions. Lumens facilitate the financing of Third World projects and is called by some “The next Bitcoin”.
— John McAfee (@officialmcafee) 15 January 2018
In his recent post he made Stellar coin of the day stating that Stellar was the name of the network that had created the coins, and, in addition, that it had very fast and cheap crypto transactions. Moreover, John McAfee claimed that Lumens facilitated the financing of Third World projects and was called by some “The next Bitcoin”.
Mostly critics argue that the recommendations of McAfee attract only speculators. Tweets of John McAfee do not really stimulate cryptocurrencies to have a price increase. Only in 30 minutes after the tweet regarding Stellar was published, the price of the coin rose 4%, which led to the 8,3% rise during past 24 hours.
But later, the price of Stellar starting falling down again, and fell down 2,5 % within past hour, and it continues to decrease.
Stellar charts on Bittrex
Previously, we have reported that Stellar lowered base reserve for creating accounts to 0.5 XLM, and that hackers had hijacked the DNS server for BlackWallet, an online wallet for Stellar Lumens (XLM), and had stolen about 669,920 Lumens.