Stellar Lumens (XLM) Forum with for newcomers and contributor's rewarded Check here




Stellar Price Spikes 50% on News of Korean Partnership
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5

#1
[Image: hurdle-jump.jpg]
The stellar price soared more than 50 percent on Wednesday in response to news that the blockchain project had formed a partnership with recently-launched Korean cryptocurrency exchange GOPAX.

Earlier today, Stellar announced that it had formed a partnership with GOPAX, an exchange that launched in November under the banner of Streami, one of the Digital Currency Group’s portfolio companies.

View image on Twitter
[Image: DQVyH0gXUAA0V9W.jpg]


Quote:[/url]


[Image: gcEn0VEI_normal.png]Stellar

@StellarOrg

Celebrating with our new @StellarOrg partner @GOPAX_kr in Seoul, Korea #blockchain #fintech #cryptocurrency http://bit.ly/2korR0N 
12:38 PM - Dec 6, 2017



The announcement was thin on details, but it immediately caused the stellar price to begin rocketing up the charts. The reason for this is that although South Korea has emerged as one of the world’s largest cryptocurrency markets, many cryptocurrencies — including stellar — have yet to penetrate it. Even if the stellar “partnership” turned out to be something as relatively mundane as being listed on the GOPAX exchange — although this appears unlikely given the tweet’s wording — that would still provide XLM with its first KRW trading pair, making it available to a host of new investors.
[Image: stellar-price-dec6.png]Source: CoinMarketCap
In the past day, the stellar price has risen more than 53 percent, bringing XLM to a present value of $0.16. Stellar had already been a bull run, thanks largely to the October announcement that IBM had tapped the Stellar platform for a cross-border blockchain payments solution. Thanks to this quarter-long rally, stellar’s market cap leaped to $2.9 billion, which is 12th-largest among all cryptocurrencies. Stellar has accumulated more than $360 million in daily trading volume, with nearly all of that concentrated in BTC pairs on Bittrex and Poloniex.
[Image: stellar-price-trading-volume-dec6.png]Source: CoinMarketCap
It is likely that more details about the partnership will be revealed on Friday at a joint meetup between Stellar and GOPAX, but many investors are looking forward to the weekend with even more anticipation.
On Saturday, Stellar will be holding a joint meetup with Coinone — the second-largest cryptocurrency exchange in Korea and a top 10 exchange overall. The topic for the meetup is “Roadmap to a Stellar Future,” and bullish investors are already speculating that Coinone will add trading pairs for stellar, further empowering XLM to penetrate the Korean market.
Reply


Possibly Related Threads...
Thread Author Replies Views Last Post
  Hot NEWS Jed McCaleb stellar cto interview in Seoul wass1111 1 46 7 hours ago
Last Post: pieter
08 search Announcements ★ DON'T MISS!!! Giveaway From Stellar Lumens For End Of Years ★ StellarLumensFoundation 0 26 9 hours ago
Last Post: StellarLumensFoundation
  Stellar Lumens (XLM) – Visa to Ripple (XRP) American Express san2ok 8 220 11 hours ago
Last Post: hongvanxanh
  LIVE Stellar (XLM) Chart Mike1337 2 73 Today, 03:39 AM
Last Post: Edisutandi
01 information Announcements 5 bank besar indonesia bakal bekerjasama dengan stellar.org yep_ftr 12 220 Yesterday, 06:25 AM
Last Post: rozanfikri.ggwp
  Sticky:  STELLAR!! Get invitation mail!!! and Claim 500 XLM for FREE san2ok 156 15,542 13-12-2017, 11:18 PM
Last Post: ADAL111
  Hot NEWS What Do You Think About Bitcoin Price? faishal77 2 50 13-12-2017, 04:55 PM
Last Post: EdySetiawan
  Cryptocurrency Meetup: Stellar X GOPAX faishal77 1 45 12-12-2017, 11:41 AM
Last Post: pieter
07 nonono Hot NEWS Stellar lunch sequence has begun! Brezo 2 141 11-12-2017, 02:53 PM
Last Post: ahsan07
  BOUNTY (Rewarded $$) ->  Stellar.org Bug Bounty Program briangale 23 2,843 11-12-2017, 02:43 PM
Last Post: faridhawami



Users browsing this thread: 3 Guest(s)