Stellar 2 billion XLM massive airdrop could steer vast gains

  • Keybase users to get an equal share of the 2 billion XLM over the next 20 months.
  • The airdrop will kick off on October 15, 2019.
  • Stellar price is limited under both the 100 SMA and the 200 SMA.

The Stellar Development Foundation according to Keybase’s blog, is giving away 100 million Lumens every month for the next 20 months. This translates to 2 billion Lumens worth roughly $119 million. Stellar is handling the airdrop in partnership with Keybase, a messaging platform like Slack, WhatsApp and Telegram.

The airdrop will kick off on October 15, 2019 and will see all the users receive an equal share of the funds. The users joining Keybase now are eligible to receive the funds for all the 20 months. The requirements for the airdrop is a Keybase account which should be connected to either GitHub or HackerNews

At the time of writing, Stellar is trading at $0.0606 following a minor recovery from $0.0575 (September low). The price is below the simple moving averages in the 4-hour timeframe. The 100 SMA will limit gains at $0.0635 while the 200 SMA at $0.0675. The first support is seen at $0.0600 but the previous low will offer more support.

XLM/USD 4-hour chart 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Top 3 price prediction Bitcoin, Ripple, Ethereum: Cryptos seeing multiple launches into the universe

The BTC/USD pair is currently trading at the $10.187 price level, the same price level as in recent weeks. The most serious difficulty for Bitcoin is the low volatility, after many days in the same price range, strength and speed indicators are at minimum levels. It will not be easy to start again.

More Bitcoin News

Litecoin price analysis: LTC/USD bullish frenzy is unstoppable

Litecoin like other major altcoins has been performing relatively well since the beginning of the week. The bullish action continued on Wednesday with Litecoin rising to an intraday high of $76.2644. 

More Litecoin News

NEO price analysis: NEO/USD retreats from intraday high, upside momentum recedes

NEO is performing strongly on Wednesday. The 20th largest digital asset with the current market value of $69 million gained over 7% both on a day-on-day basis and moved nearly 3% higher since the beginning of the day.  At the time of writing, NEO/USD is changing hands at $9.80, off the intraday high of $9.87. 

More NEO News

TRON market update: TRX/USD tests DMA50 for the first time since July

TRON (TRX) is one of the best performing coins on Wednesday. TRX/USD has gained over 10% of its value to trade at $0.0178 by press time. While the coin has retreated from the intraday high ($0.0178), the upside momentum is still strong as TRX is moving in sync with the rest of the market. 

More Tron News


Bitcoin Weekly Forecast: Rangebound trading and September blues come upon the crypto market

Bitcoin finishes the week with marginal losses. The first digital currency recovered from the recent low of $9,886 but stayed in the red zone as of the end of the week.

Read the weekly forecast