Bitcoin Forum

Recently, the markets have made a good high and BTC was able to assert it dominance on the market with a 60%+ holding in the entire marketcap. I have also been a believer in the tech behind Stellar and hold a considerable number of Stellar Lumens (XLM) and other products built on the Lumens protocol. But XLM has not taken part in the recent rally. Also, it was badly hammered in the correction that has been going on for the past 24+ hours. Can anyone point to me the reasons behind the fall in XLM. Are the developers abandoning the project? What is going on in Stellar?

You're not alone my friend, I heavily invested with XLM too and holding since its ATH and as of now I don't see any reason for it to go this low, it's out of the top 10 altcoins. The price of it goes stagnant when Bitcoin's price are increasing.

When I'm looking to the Stellar community it seems that they are very much active to more projects but it didn't justified its current price and to think that XRP are still on the top 3 makes me more wonder.

What has caused price fall of stellar coin. Stellar is one of my favourite coins and to be exact I have invested in the coin. So it is obviously that my attention will be drawn to the performance of the coin. Concerning its price, sometimes price of a coin may go up or down without any reasons. I think there may not be any concrete reasons behind fall of the coin.

I also haven't seen a clear reason so far why Stellar is stuck and doesn't rise when BTC rises. I am still holding some XLM here and waiting for him to surprise me.
It's better to be patient with friends when it's time for the altcoin season to come, even though it's a bit stellar now. I walked in several Stellar forums and still haven't found clarity why Stellar is stuck.

Stellar Lumens (XLM) is indeed a good Blockchain project. And it was altready prove its existence and place in the crypto-space wayback 2017-2018 Bullrun. So no need to question about Stellar Lumens capability. Its true that Bitcoin price rally has a significant effect in the market. But its not yet strong enough to drive all Alts to the top patience is a virtue so we must wait till it come soon.

Stellar has been in the shadow of Ethereum. It's exchange never got a good traffic as there are not many stellar based tokens to trade with. Single blockchain exchanges would never succeed. Stellar though better than Ethereum in many ways, is still complicated for most of the developers.

A coin that doesn't pump because of btc's dominance doesn't mean that they are abandoning the project. XLM is just one of the many altcoins that has bad market as of bitcoin's rally. Don't think that it's the only coin that suffers during the pump and bitcoin's time of shining. While XLM is on no movement mode, aren't you considering of buying it right now at cheaper rates? I think it's a bargain for those people that are looking up to this coin.

Because There Are Some Bad Rumour About It.
First, Libra Is Announced,And Some Rumoured It'll Be XRP And XLM Competitor.
Second, There's A Rumour That IBM And Stellar Relationship Is Souring(https://t.me/StellarLumens/325632).
Third, Jed McCaleb Is No Longer SDF CEO. :(

If You Complaining Abot XLM Price Now, Don't Worry Other Altcoin Experiences That Too.  :)

Yes this is well appropriate.
But you need to understand how the price of XLM affects.
This happenes due to the trading volume.
It is only the trading volume for which the price of a particular coin increases or decreases.
So i guess now you can understand.
For this XLM you can say out of flavor.
Good luck.

I'm also a holder of XLM and its really sad too see this altcoin now follow the price flow of Bitcoin but not only XLM most altcoin are being experienced a hard down after Bitcoin dominance and suddenly make a falling down. Maybe because we are not on altcoin season stage.

Maybe it was just overpriced before and it is now coming back to its real value? What has made it pump previously? When people lose trust or when the hype on certain announcements dies down, a price decline is to be expected.

I have no idea, but this is happening not only with Stellar. It is one of the greatest altcoins and stands in one raw with ETH, LTC, BCH and so on. But none of those altcoins have shown a great price increase, so I hope great times are coming in the future.

XLM is a good investment for me, but what matters to me is the number of supply out in the market, XLM has the large number of coins in the market, and in fact some of the exchanges has doing some airdrops up until this very moment like blockchain and coinbase and some others too, for now, the supply is not controlled, maybe this is the reason why many are selling their holdings, and it affects the price value.

the exchange is much better than any eth dex, unfortunatelly most people are holding / trading tokens on centralized exchanges and dont even try to use the coins...

Well XLM pump are usually kinda off tick from the usual market pump

When most alts pump, XLM doesn't really pump until a specific season
It is just like XRP in the current market
Despite i could classified XRP as a tier 1 major alts like Ethereum, EOS, LTC
But look at it, it is not pump yet

However, when XLM/XRP pump, it pumps alot especially comes to XLM
I didn't really follow on the development of XLM but there's a cycle that its price will get appreciated

As far as I know,there is some inflation of Stellar: Staking.If I remmeber well there's a 1% APR if you stake your Stellar in your wallet and considering that there's a lot of people who are Staking coins nowadays this can be a reason why XLM isn't getting pumped much during the bull market,that's why I don't like much Masternode/Stake-able coins to be honest.

Thanks for the information, look like there are too much bad rumour around Stellar, no wonder bitcoin price rapid grow but Stellar price drop. Altcoins will not feel the benefits in current market grow, we're not alone but I still believe that Stellar is one of the top potential altcoin.

What the f**k actuallly you wrote. I don't understand it all

Yes it was overpriced. As you can see the price keep stable since 2018 until now, there should be at  least some good news since then, but it doesn't affect with stellar price

Stellar is pure shitcoin, as I remember, Stellar(XLM) is the fork of XRP before right? Since I don't like XRP and I believe that XRP is also a shitcoin.
There's a lot of shitcoin now that has still huge market cap, most of them are just pumps and dumps, manipulation at its finest, even XRP and Stellar.
Becareful holding these kind of coins, especially Steller(XLM).

XLM is one of many altcoins. I think it's market effect that the price of XLM hasn't risen. Most of the money in the encryption market has gone to buy BTC. That lowered the prices of other altcoins. The XLM community has been very active. I believe that when most altcoins prices go up, they will go up. So we need to wait patiently.

I don't think the reason is anything to do with the worth of the project. The same is true for other top alts that have fallen just as far. It's just that bitcoin is outpacing all the alts in this recovery, and has been since it started.

It is not just about xlm, almost all altcoins went down, if you checked the market the price of many altcoins went down in bitcoin price and some of them even dropped in dollars so it was common. Plus that 25 dollars per address type of deal in blockchain.com didn't help at all, there was thousands of dollars just flying around for free without a charge and nobody could have given XLM a better reason to fall.

When prices of other things went up people just spent that 25 bucks on their accounts to buy more stuff or do whatever and right now XLM is basically dumped because all those free coins were sold at around the same time period. I am sure all of them will be recovered soon, eventually bitcoin rally will end and XLM will worth more once again but meantime, try to be patient about it for a while.

Does Stellar (XLM) still make airdrop like a few months ago? What is the real purpose of stellar airdrop? I think giving coins for free is very influential on prices. Because getting coins for free will not save the coin too long and of course it will be sold immediately. :(

Yeah, XRP, And XLM System Are Still Trust-Reliance, And Its Kinda Centralized.
And Yeah, XRP Price Can Be Heavily Manipulated By Ripple Labs, Since Ripple Labs Hold And OWN ~60% Of Total Supply.
Unreleased XLM Was Held By SDF (~70% Of Total Supply) And Most Of It Was Intended To Be Spread To As Much People As Possible. They Can Still Manipulate Price Though.
XLM Is Pretty Good At Transferring Little Amount Between Exchange, Since Fast+Low Fee Transaction.

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Edit :
Yes.
Most Of XLM That Reserved By SDF(Stellar Development Foundation) Are Purposed For Airdrop.
The Mission Of Stellar Is To Reach As Much People As It Can. So They Airdrop it.

Not only XLM, even XRP compared to the beginning of this year only grew 2%. A small number compared to the current bull market and don't worry, invest in these altcoin and be patient. Success will come to you soon

Don’t worry, it’s time has not come yet, the fact it is not following this rally is not enough to judge that it is not being favored, bitcoin is still the main dominance, and not all the altcoins that we see are following bitcoin in the rally, is  stellar still not performing good for retaining its top position amongst thousands of projects that we have, other coins you see jumping along with bitcoin now are just being pumped artificially, and it won’t be long that they will get dumped too.

Just keep holding on to stealer, and as you grow with it overtime, you will not regret you stay with them, now that their price is even still very low, best time to buy more of it, because these type will definitely moon so high in the next altcoins bull run that will be coming in between bitcoin bull.

Maybe what happened to Stellar at this time was because of the depressed bitcoin strength. If the strengthening of bitcoin is held up or the price starts to stabilize, I think the price of Stellar will rise following the movement of the price of bitcoin.

Stellar network is still growing with many new developments.  For example, in March 2019 Germany's first Bafin approved security token called Bitbond will make quarterly  payouts to its security token  investors holding its BB1 token in Stellar Lumens.  The Bitbond cryptobond has huge growth potential and this will increase awareness and demand for XLM tokens.  Its the ongoing growth of the Stellar network that will eventually be realized by smart crypto investors.

Really shitcoin? I beg to disagree in your statement Im following stellar developments since  from the start it was announced in this forum the creator of XRP is also the creator of XLM if Im not mistaken Jed Mcleb, stellar has too many big partnerships one is from IBM, Do you know IBM? You think this tech giant company will took partnership with a shitcoin? You can see some other big partners here if you dont know. https://cryptobriefing.com/5-stellar-partnerships-that-explain-xlm-escape-velocity/

Did you know that in 2014 I sold 100000 Stellar for only $ 200, Stellar (xml) has grown to become the leading currency. Don't worry, (xml) has a very good blockchain platform, I believe its value will increase, you need to be patient

XLM mostly missed the shot. Even it's newer competitor are way ahead of it now. EOS and Tron has made rapid progress while NEM is also a popular option.
I don't exactly know where the XLM team went wrong but the hassle in operating their wallet could be one of the reason for it.

XLM is one of my favorite coin. I haven't found any real reason why xlm down so much even in xlm market, all tokens are down. Only BTC and ETH have recovered its price but maximum altcoins remain same. It may be one of the reasons why xlm down too much. I hope xlm will bounce back towards soon.

I don't know, what I like more about stellar is fast speed and low transaction cost. So you can send even small amount and unlike bitcoin you won't pay so much fees.
Frankly speaking I hate when you have to pay high fees and transaction goes for 1-2 days like with bitcoin

Yup. In fact, after March 7 when the media company Börsenmedien AG blew a large amount of shares to stimulate liquidity in payments with XLM then, although the market has greatly improved since the beginning of the month. 4 so far, but XLM has not found a new stimulant. At the same time, XRP also has significant decline. I think whether users feel Libra as a ray of light? or organic demand of XLM or XRP has actually decreased.

Stellar Lumen remains one of my best picks talking about project development.  The drop in price recently doesn't mean the developers are abandoning the project or whatever, probably you may not understand how huge that project is.  Moreover, XLM didn't drop so badly in price, it's a moderate correction.

I think the price of XML will be 0.x something, I know a lot of people where cheering for 5-10-100$ but it's unrealistic, the team that is behind this project is not really concerned with the price of lumens, there main focus is developing tech. Think of it this way, you buy lumens so that you can sponsor there development effort.

So what i understand about this project is that the platform is very solid and the coin doesn't need hype or marketing because the coin is on a secondary or even tertiary place in the grand scheme of things.

This complain has been seen in all the alts groups and communities i think it is just that btc has done so good in recent months that all alts feel that they have left far behins but we see most of alts have grown in usd value as well it is just the btc value where they have suffered, secondly i think with bulls gaining momentum soon alts will also have a good run it is just a matter of patience.

Current market conditions are red even though bitcoin rises and bitcoin is also red, even though bitcoin rises quite high but altcoin is not yet up yet they are still stuck and moving slowly. there seems to be no need to panic while holding on

What is going on all altcoins? Correction!

Many altcoins were overvalued, investors invested too much money in 2017 without any sense. Most of these altcoins are just speculative aseets with possible future use. But for now, they are not useful, so they can´t have a good value.

Because XLM is build by non profit organization and its have too many airdrop program and charity like xlm on coin base and others, thats may be popular way to get so many holder but ithink its not so good for price

Where can I get onboard the airdrops?

I have seen one on Coinbase recently and took advantage. Is there any others ongoing?

XLM does not have to be a profit oriented platform before it token can increase in price, XLM was at point valued at around $ 0.33 but now only $ 0.1 for each stellar lumens, The decrease is bringing hard time to all tokens on the stellar blockchain.

I don't know if it still works but I followed Airdrop on Blockchain.com for a long time, but only a few weeks ago I just got XLM on the dashboard. is it still running or not the airdrop program, please see for yourself

Everyone knows that stellar has a very big and very good blockchain platform, but it is not about how big the platform is.What is the essence of creating a big platform without being pushy about it for people to use it?One thing I have seen about stellar is that they don’t do much when it comes to awareness, we have so many competitors already in the market, which you and I knows that new companies keeps rising on a daily basis, and if any of these older projects are not active to continue showcasing themselves to the public, these news ones are what will take over them.

You said it yourself that you have once gained from stellar, there are so many people too that would have sold theirs and move on to other projects they feel can still give them more money forgetting stellar, so until stellar team becomes extremely active before they can continue to see users that will come on board for their value to appreciate again.

Xlm has a lot of potential and still in developing phase afaik. But someone mentioned above that xlm team should push people to use their platform. Eth did this very well back then.

I am not an emotional investor or trader, I am particularly here for profit as well, no matter how good a project is, the sole aim of every trader or investor is to make profit with it, so far xlm has not been a good investment since this quarter, it is heavily affected by the altcoin stunted growth, etherium is in better position than it, I am expecting it will drop further to its yearly support before another uptrend.

I think every premium coin like eth bch and litecoin always follow bitcoin's rising, but some of good coin not  follow this rally, steller is one of them I think! and every coin will going between pump and dump, it's natural for cryptocurrency!

We can't tell that they out of flavour now as they are not moving good.
I believe that this project is for a long time run before it gets to high in the market.
For me this is a good one to keep for a future proofit.