In the world of cryptocurrencies and digital assets, things are looking a bit bleak once again. Weekends are hardly known for positive trading momentum, and this time around is not all that different. The Stellar price is on the rise a bit, although the value may struggle a bit to reach $0.3 again. Some recent ecosystem developments also have people on edge, for obvious reasons.
Stellar Price Momentum Looks Intriguing
It is always difficult to determine where the markets are headed over the weekend.
It does not happen all that often popular cryptocurrency wallet providers airdrop a boatload of tokens. In the case of Blockchain, one of the world’s leading cryptocurrency wallets, the airdrop makes a lot of sense. Their upcoming support for Stellar’s XLM allows the company to give away $125m worth of this asset to users.
Free Money Comes to Blockchain Wallet Users
It is quite interesting to see how Blockchain will be given away millions worth of XLM tokens to wallet users.
Hardware wallets play an integral role in the world of cryptocurrencies and it seems rather unlikely that situation will change in the near future. However, these providers will undeniably need to support additional currencies over time. A new beta update of the Trezor wallet confirms Stellar support will be integrated fairly soon. A somewhat surprising, but welcomed development.
Trezor Prepares for XLM Support
The world of cryptocurrency consists of so many more elements than just Bitcoin or Ethereum.
As all cryptocurrencies try to find their own pace once again, it appears Stellar may be one of the first in the top 10 to rebound. Its deficit over Bitcoin has almost been negated, which can easily turn into a net USD gain over the coming hours. How the Stellar price will evolve exactly, is always difficult to predict given these circumstances.
Stellar Price Momentum is Brewing
Although it seems yesterday evening’s market setback will not keep most top cryptocurrencies down for very long, the big question is which coin will recover first.