The market is running heavily red but not everything has come to a standstill. The world-rsquo;s 7th largest cryptocurrency is making a lot of headlines in the market with its continuous listings, partnerships and maintaining somewhat of a controlled price movement. - -

Red but still in green?

The entire cryptocurrency market is running deep red. However, this one cryptocurrency is making a lot of headlines with various developments and partnerships. The world’s 7th largest cryptocurrency is also registering loses but it is certainly covering it up by adding value for long-term success.

Stellar (XLM) is currently trading at $0.209 with a $5.20 percent loss while running in the green by 0.50 percent in the BTC market. With a market cap of $3.9 billion, it is managing the trading volume of $115 million. Though it also in the red, Stellar registered some of the least losses among the cryptos.


Stellar global adoption: Support from SHIFT markets -amp; Bitpanda

Moving onto the important facets, Stellar joined hands with SHIFT Markets along with Lightyear as stated by SHIFT CEO and Founder, Ian McAfee:

-ldquo;This is an exciting partnership for us as many of our exchange clients would like to offer Lumens trading on their exchange. Their commitment to providing low-cost financial technologies in developing nations makes them a good fit for our market. We aim to increase Lumen liquidity and usage for both major and exotic fiats.-rdquo;

Paul Arnautoff, the Director of Sales and Partnerships at Lightyear also shared:

-ldquo;We are very excited to partner with Shift Markets to help expand the utility and reach of the Stellar blockchain network. With Shift Market-rsquo;s technology platform and the customers, they work with, Stellar users will now have access to a growing network of liquidity providers in new and emerging markets. With new on-ramps and off-ramps for fiat to virtual currency, the Stellar network continues to expand its mission of financial inclusion and reducing friction in cross-border payments.-rdquo;

Also, this week only Europe-rsquo;s leading exchange, Bitpanda added Stellar on its exchange which combined with SHIFT Markets addition, would boost its global adoption.

Also, read:- Sentimental Analysis for- Bitcoin,- Ethereum,Ripple, EOS, Stellar

Stellar gets the bronze from Bitcoin IRA

When it comes to cryptocurrency preferences, Stellar Lumens (XLM) is ranked third by the Bitcoin IRA which is a platform that enables people to buy bitcoin and then store them in the retirement accounts.

Chris Kline, the COO of Bitcoin IRA shared,

-ldquo;We just launched Stellar Lumens and Zcash this past June, and it-rsquo;s exciting to see both coins take off so quickly.-rdquo;

With low-cost cryptos like Stellar Lumens used in IRA accounts, it has been further expected to drive their adoption given their ease of access. -

For quite some time, Stellar has been making a lot of buzz in the market. Stellar trialing blockchain for B2B payment for cross-border in partnership with TransferTo has been a big step for this cryptocurrency. Last month, Coinbase announced that is looking into adding XLM among other coins. Also, recently IBM utilized Stellar blockchain to launch a stable coin. All these factors foster the growth of Stellar while adding value to it.

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