The last hours have been entered for the screenshot process, which was announced to be held on January 16 at 03:00 for the Stellar AQUA Airdrop. XLM, which investors did not sell for airdrop despite the drop in Bitcoin, may experience a sharp pullback after the screenshots.

AAX Exchange, Bithumb and MEXC Global exchanges attracted attention in the event, which was supported by a small number of exchanges. For a while, there have been loads of XLM exits from exchanges such as Binance and Coinbase. It is expected to return to sale after taking screenshots with these loaded outlets.

XLM Major Could Retreat To Support Levels!

According to CoinMarketCap data, XLM, which is in the 29th place with a market value of $ 6.5 billion, continues to be traded at $ 0.2607 at the time of publication.

XLM, which has been trying to break its falling trend for days, cannot provide money because Bitcoin does not trust the market. XLM, which can break down with Bitcoin's confidence in the market, may experience sharp rises.

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XLM, which is expected to sell after the airdrop screenshot is taken, may experience a pullback towards major support levels. XLM, which is expected to drop to the $0.2280 levels, will decline to the lower 0.1988 support if BTC also declines.

XLM, which is expected to hold on as long as there is no major market crash at this support level, is expected to experience good rises if it manages to break its falling trend.

What is Stellar?

The Stellar network is an open-source, distributed, and community-owned blockchain network that enables the transfer of value between different entities. Stellar aims to make these transfers for less than a penny. In doing so, it aims to be an open financial system that aims to provide access to low-cost financial services to people of all income levels. The Stellar network's own digital currency is called Lumens (XLM). Each Stellar account is required to keep a small amount of Lumens to prevent unintentional spamming of the Stellar payment system. Thanks to the Lumens, a user can send any currency he has to the other user in a different currency. Stellar also supports smart contracts.

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Stellar was founded in 2014 by former lawyers Joyce Kim and Jed McCaleb. Jed McCaleb is also the owner of the defunct Mt. He is known as the founder of the Gox exchange and one of the co-founders of Ripple. In fact, at first both payment networks used the same protocol. Like Ripple, Stellar works as a payment technology that aims to unify financial institutions and significantly reduce the cost and time required for cross-border transfers. While Ripple focuses on banks, Stellar aims to bring banking services to unbanked workers. As one of Stellar's largest partnerships, the partnership signed with IBM in October 2017 aims to open a multi-currency corridor to facilitate payments across the South Pacific.

Stellar is supported by the Stellar Development Foundation, a nonprofit that helps maintain Stellar's codebase while supporting the Stellar community.