Stellar Lumens [XLM] might have hit bottom, their new wallet update to turn markets green?

Stellar Lumens recently retweeted a Crypto-Central’s Twitter post to confirm and provide the links to their Pre Release Wallet.

Stellar Lumens [XLM] Tweeted:

“Pre Release Wallet v9.2.0rc1
https://goo.gl/6ZHZeo

Stellar has been on the back end of the crypto-market and their prices have been drastically going down. XLM is currently trading at $0.31 down 10% since the past week with a market cap of $5 billion.

Crypto enthusiast Reddit user workingishard posted:

“…Stellar is downward trending for quite a while, being almost -40% in the last month alone”

In fact, the crypto-market is going through a bearish time right now, with Stellar at the bottom among the top coins. The retweet and links to download their Pre-Release Wallet give crypto investors and enthusiasts some optimism that Stellar might strike back.

Replying to Stellar Lumen tweet, Twitter user RichardvV commented:

“Will this end the downtrend”

Cryptocurrency wallets are nothing but a software program that stores both private and public credentials in diverse blockchains. To use any cryptocurrency like BTC, ETH, the user must have a crypto-wallet. 

When a transaction is initiated in a cryptocurrency wallet, the receiver is essentially signing off their ownership of the coins to the sender’s wallet address. To unlock the funds and spend the coins, the private wallet key of the receiver must match with the public addressed the currency is allotted to. 

When the private and the public key matches the balance, the reliever’s crypto-wallet increases while the senders’ decreases accordingly. There is no real transfer of coins, the transaction just records on the blockchains and changes the balance in the cryptocurrency wallet.

Stellar has incorporated a customizable payment infrastructure that reduces transaction costs to almost nothing.

Robbie Johnathon, a portfolio manager at Boston N Financials spoke to AMBCrypto and says,

“Stellar’s rise has been stellar so far, they are currently the most underappreciated and undervalued token. The markets are waiting for Bitcoin to break resistance at 11,800, post that I think Stellar is going to be one of the biggest gainers”

The post Stellar Lumens [XLM] might have hit bottom, their new wallet update to turn markets green? appeared first on AMBCrypto.

Source: New feed