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Week 34: August 12 - August 19, 2019

Stellar price this past week has performed in line with that of Bitcoin (-5.9%) and Ethereum (-6.7%). Stellar however has significantly outperformed Litecoin (-14%). We issue a BUY of XLM this week because:

New material prepared by IBM reduces concern over the institutional partnership ending

Technical analysis shows price is highly oversold and due for a bounce

Sentiment analysis has bottomed out, as speculators will soon enter the market

New developments by Stellar and Stellar Developers are enticing new users on the blockchain

Rating: BUY

Stellar Market Cap: $1.39B

Stellar Price: -5.9% ($0.075415 to $0.070989)

XLM Active Addresses: -45.2% (41.93k to 22.96k)

XLM On-chain Transactions: -15% (243.23k to 206.83k)

Technical & Sentiment:

Price analysis suggests XLM is to increase in the short term before continuing a larger decline

Sentiment analysis suggests speculators will begin creating market demand for XLM as price bottoms out

Positive Price Drivers:

New third party developers are introducing a younger user base to Stellar protocol, establishing a generational familiarity of the blockchain

After months of concern, recent documents by IBM suggest the Stellar partnership is still ongoing

Stellar.org added new functionalities to make development and use of XLM easier than ever

Negative Price Drivers:

The high inflation rate of Stellar, on-top of concentrated ownership by SDF worries the community about centralization concern

Stellar has been around since 2014 and failed to develop any meaningful results

XLM Price Analysis: XLM price to increase to $0.07725 before declining to new yearly lows.

Learn more about this trade: http://bit.ly/Aug19XLMTrade

On a macro level:

IF this happens, then we buy:

IBM World Wire spreads XLM SlingShot protocol to more global banks

New XLM developers bring a unique utility on-chain to Stellar only

IF this happens, then we sell:

Interstellar, the for-profit arm of Stellar, closes down (rumor on the street)

Ripple xRapid technology gets implemented globally as the go-to remittance payment system

XLM Sentiment: Sentiment to increase with price.

Expect an increase in speculative traders creating market demand for XLM

The price and sentiment are both at yearly lows, the trend, therefore, is more likely to rapidly change upwards, than downwards, with a rapid change in sentiment

Price Drivers This Week

XLM for the kids

New developments by physical-digital asset wallet Pigzbe aim to teach financial responsibility and personal management to children on the Stellar Protocol. Pigzbe will reward kids with Wollo tokens for chores and allowance, so they will learn the value of both hard work and digital currencies. This project is especially beneficial to the long term health of the protocol, if it gains attraction, as younger generations may grow up and become familiar with the Stellar platform and its operability, thus continue to use it. This could help cement Stellar as a top digital asset for years to come. The issue behind this project is retaining value in the Wallo token, which is what is distributed to the children. This project will flop any other ICO should Wallo lose its market value, especially compared to XLM.

Cross Border Payments in Africa

DéMars has launched an instant cross border payment system for African migrants. Using the Stellar Protocol, DéMars is effectively using XLM as the rapid low fee payment blockchain it was designed to be. By reducing the friction in peer to peer payments, individuals are empowered with financial power. In nations where many are unbanked, peer to peer blockchain solutions offers rapid settlements, without the need for third parties to authenticate the transactions. We will keep our eyes out for additional services like this on the XLM blockchain, as they will build grassroots value to the longevity of the network.

IBM Reaffirms XLM Use

A presentation posted August 16th by the IBM Blockchain Youtube page suggests the continued use of Stellar in their World Wire interbank settlement system. After months of no press, and the departure of a key executive, investors were curious as to what was next for XLM. It seems that developments on the institutional front are continuing forward in silence, leading us to wonder when we will hear an official press release. If IBM has been quiet about this partnership because they are finding the technology to be costly and less efficient than existing protocols, this can have major effects on XLM price.

XLM Gets An Upgrade

Stellar.Org this past week has given themselves a facelift. In line with the 2019 roadmap, they are finally updating their appearance, finally changing looks from their initial 2015 form. The most exciting new development is the addition of a new “Asset Issuance Wizard” which will assist in the creation of third-party XLM tokens for anyone to use. This increased ease of use seeks to drive adoption and increase the market share of XLM, in a time when the XRP army is only growing stronger (even as the price declines).

What the top personalities on Twitter are saying:

@cryptodude999 with 5,905 followers believes XLM is to decline to near zero (sarcastically)

@TheCryptoCactus with 7,482 followers believes this is the near end for XLM

@ElCryptoChief with 682 followers thinks XLM is going to increase by 50% along with XRP.

That’s it for the Stellar weekly report from Aug 12 - August 19, 2019. Make sure to stay tuned to get Tuesdays EOS report.