- Stellar’s XLM was trading up in positive territory by around 1.7% in the second half of Friday.
- Canadian cryptocurrency exchange Coinsquare acquired StellarX, decentralized exchange.
Stellar’s XLM price was seen up around 1.7% well into the second half of the session on Friday. XLM/USD was forced to give much of its early session gains back, it was initially seen up a chunky 8% at one point, before losing upside momentum.
It was recently reported that Stellar’s ‘StellarX’ decentralized platform was acquired by Canadian cryptocurrency exchange, Coinsquare. This followed on from Coinsquare’s recent acquisition of private Stellar wallet BlockEQ back in December 2018.
XLM/USD ran into resistance within the 0.08000 price territory, up at the session highs. The price has faltered here several times already this month. XLM has managed to stabilize after consistent downside pressure throughout 2018, which carrier through into 2019. On 6th February, XLM/USD hit an all-time-low down at $0.0665
XLM/USD 4-hour chart
Share
