Stellar (XLM) in on the verge of seeing a big move to the upside should the price succeed in triggering the most anticipated golden cross. Traders and investors became more interested in this cross after Stellar (XLM) got listed on Coinbase. The daily Stochastic RSI forr XLM/USD shows that the price has ample for a rally towards the 200 day EMA. However, it is not likely to break above it in the near future. That being said, we have seen the 200 day and 50 day moving averages draw closer over the past few months. If the price continues to consolidate, we could see this cross over happen in the months ahead. This will be very helpful for the future of Stellar (XLM) as it will put it on the spotlight. Most people in this market couldn’t care less about the underlying technology; all they care about is a way to make money.
If Stellar (XLM) is a high achiever during the next bullish cycle, it is going to have a very high rate of success and it could see the same kind of growth that Ripple (XRP) saw during the last hype cycle. Stellar (XLM) also has a far better chance of adoption and acceptance compared to Ripple (XRP). The recent Coinbase lisitng will definitely help a lot long term. Its strategic partnership with IBM is going to help even more and as time goes by, we could see Stellar (XLM) be used as a payment gateway for different online services and ecommerce stores. Let’s face it, Bitcoin (BTC) could one day be digital Gold but it was never meant to be digital money. We do not use Gold to pay for bills or services; we use paper money. That paper money will eventually be replaced by crytptocurrenceis like Stellar (XLM) that are faster, cheaper, easily storable and transferrable.