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XLM has lost more than 3% of its value in the last 24 hours.
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MoneyGram has announced support for the Stellar Aid Assist
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The total crypto market cap could fall below $800 billion soon.
MoneyGram announces support for Stellar Aid Assist
Payment service provider MoneyGram announced on Thursday that it now supports the Stellar Foundation’s Stellar Aid Assist. MoneyGram said it is the first-of-its-kind blockchain-powered aid disbursement system that delivers relief funds quickly, affordably and efficiently to individuals in crisis.
MoneyGram is proud to support our partners at the @StellarOrg (SDF) on the launch of Stellar Aid Assist, a first-of-its-kind blockchain-powered aid disbursement system that delivers relief funds quickly, affordably and efficiently to individuals in crisis.https://t.co/WwtGR2K3dK
— MoneyGram (@MoneyGram) December 15, 2022
Despite this latest cryptocurrency news, XLM, the native token of the Stellar blockchain, has been underperforming. The price of Stellar Lumens now stands at $0.0793, down by 3.5% in the last 24 hours.
The broader cryptocurrency market has also been underperforming over the past 24 hours. The total crypto market cap stands at $827, down by more than 3% so far today. The market cap could decline below $800 billion if the bearish trend continues.
Bitcoin is also underperforming today and could drop below the $17k support level before the end of the day.
Key levels to watch
The XLM/USD 4-hour chart is bearish, as Stellar Lumen has been underperforming over the past few days. The technical indicators show that XLM could dip lower soon.
The MACD line is below the neutral zone, indicating that the bears are currently in charge of the XLM market. The 14-day relative strength index of 34 shows that XLM could enter the oversold region soon.
If the bearish trend continues, XLM could drop below the first major support level at $0.07300 before the end of the day. With the bears still in charge, XLM could drop below the $0.0700 psychological level over the next few days.
However, the MoneyGram news could push XLM’s price higher in the near term. If that happens, XLM could push past the $0.08566 resistance level.
Where to buy Stellar Lumen now
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in.
It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest.
eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
Buy XLM with eToro today
OKX
OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in.
OKX takes customer security very seriously, they store almost all of their clients’ funds in cold storage, and the exchange is yet to be hacked.
On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.
Buy XLM with OKX today
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