- The foundation requires the new logo to be versatile.
- XLM/USD is back above $0.1 amid a growing bullish momentum.
Stellar will now ditch the rocket ship logo it has been using according to the announcement by the Stellar Development Foundation. The new development will see the network design a logo that is more appealing to the financial institutions.
The new logo has been designed by a firm referred to as Kurppa Hosk. The network had already come up with the core principles that will influence its new visual representation. The foundation requires the new logo to be versatile and appeal to a wider scope and not just the financial service. Moreover, it should be more ‘friendly and inclusive’ while at the same time, should not abandon the space theme.
Stellar price overview
Stellar is among the few coins that are in the green at the time of writing. Recently, XLM value crossed above $0.1 market and formed a high at $0.1095. However, the price corrected lower past the 50 SMA on Monday. The trendline support has come to the rescue of the bulls preventing a drop below the short-term support at $0.0950. XLM/USD is back above $0.1 amid a growing bullish momentum.
XLM/USD 60-minutes chart
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