8/3/2021 5:00:33 AM GMT
XLM price takes a breather as it prepares for a 15% upswing to $0.303.
Stellar plans to introduce Automated Market Makers on its blockchain via Protocol 18 proposal.
A breakdown of the $0.228 support level will invalidate the bullish outlook.
XLM price is consolidating in an uptrend after a sharp upswing ended on July 23. A pullback seems likely before the new leg-up begins. Therefore, investors can expect Stellar to retrace to crucial support levels.
Automated Market Maker on Stellar
Stellar announced on July 1 the introduction of Automated Market Makers (AMMs) as part of its 2021 roadmap. The main focus of this roadmap, especially in 2021, is to improve liquidity. Doing so will allow users on the Stellar network to access this liquidity to convert assets seamlessly and efficiently.
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Unicly Floats Its First Fractionalized Non-Fungible Tokens (NFTs)
5 hours ago by Benjamin Godfrey · 3 min read
Photo: Depositphotos
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Unicly functions as a fractionalization platform for NFTs. This means that NFT collections can be broken down into bits for easy sell-offs.
Unicly, a new multi-protocol Non-Fungible Token (NFT) focused platform has launched its first fractionalized collections, ushering in a whole new way to engage with NFTs. As contained in a press release shared with Coinspeaker, the Unicly protocol is also publicizing its growing network of stakeholders, all working to get the platform on the right path for its disruptive innovation.