Here we see stellar with a simple corrective triangle pattern (ABCDE) with bullish output going in standard elliot wave. Recently Satoshi PAy recently announced tht Stellar will be the infrastructure of their mainstream payment processing app.
"We are happy to announce our partnership with the Stellar Development Foundation (SDF). Starting with our next major release, we will use Stellar as the underlying cryptocurrency ledger of our nanopayment system. "
So whats the deal ?
For comparison, XRP have seen his price boosted from 0.03 to 0.40 in few days by annoucement like dat. In XRP case, it was an other kind of annoucement has we know now that XRP still in pending with official bank partners.
What i found huge here is that Satoshi Pay is aimed toward mainstream people as a payment solution for consumers. This adoption could lead to a huge price increase while the XLM market cap still remain as low as 0.5bil while XRP is 7 billion. Do the maths..
By this im not bashing XRP, it is just to illustrate the potential of what we have here
"How SatoshiPay uses Stellar Starting in 2018, all of our cryptocurrency transactions will be made via the Stellar network."
In the past, it seems that Stellar have been introduce with IBM which is a big company to be partners with..
At this point even TA cant predict whre it will stop
"To celebrate our launch we will organise events on 7 December in Berlin and 12 December in London. We will release more details about these events shortly! Follow us on Twitter to stay up-to-date. Meinhard Benn, CEO at SatoshiPay"