(Rumour) XLM will be listed at coinbase!
Ever since Coinbase announced their interest in listing Stellar Lumens back in July alongside several more cryptocurrencies, everyone is waiting for the final conclusion – the listing of XLM on Coinbase. Some of the mentioned currencies were already added, so we are wondering could Stellar Lumens (XLM) be next.
The romours that XLM will be listed at coinbase are getting stronger and stronger. Today we have received info from different big telegram groups that listing of XLM on Coinbase will be only a matter of time.
What is the Price effect on Stellar when coinbase listing is approved?
It can be said that Stellar is already doing great in the market having been set a new ranking several months before when it surpassed Litecoin (LTC) by market cap, climbing towards the rank of the 6th top currency.
Since then, XLM appears to be one of the top gainers in the list of top 20 currencies, growing by over 665% in the course of the last year.
XLM is already showing positive returns on weekly and monthly charts with the latest gains of 13% during the last seven days.
However, despite the progressive pace of growth, XLM still has troubles with breaking the resistance of 0.25$.
Many believe that the Coinbase listing could affect XLM in a way that the currency would acquire a bullish return with becoming available on one of the major exchanges, so there are some price targeting involved in this scenario.
For most XLM could touch the value of 1$ that way setting a new all-time high value and surpassing its previous record price of 0.75$ per one unit as recorded in January 2018.
Based on its current performance and the set of gains Stellar had collected on a YTD level, it might as well be possible that the Coinbase listing would be the final piece of the skyrocket puzzle that could send XLM to the moon (and hopefully not back).