One of the highly-regarded open-source projects today in the financial market is Stellar Lumens. This project is a distributed payment structure that helps to facilitate asset transactions efficiently and consistently, with just little charges by making use of a crypto-asset called Lumens (XLM). It is essential to keep in mind that this project has gotten immense support from financial institutions and Bitfinex already.
The way Stellar Lumens (XLM) operates is much alike with other decentralized payment systems. It includes a network of decentralized servers which are always renewed within two to five seconds. Another important feature of Stellar Lumens (XLM) which makes it different from other cryptocurrencies like Bitcoin is its consensus protocol.
Nevertheless, if you are looking for a bridge to give you solutions concerning the issues with traditional bank services such as the fees and quick access to other banking systems in the third world, then this platform is the right choice.
That is due to the fact that it also allows users to send their money to anywhere in the world with just a little penny as charge and this can be done within few seconds.
With these advantages, lots of investors and users are choosing this platform. As a result of increased patronage, XLM recorded an upsurge on its users all over the world last year.
The increase in the use of Stellar Lumens (XLM) has been as a result of its adoption from big financial institutions. Recently, Stellar got an excellent business collaboration with IBM, which is one of the biggest computer technology companies in the world today.
IBM has also been one of the major technology suppliers in the financial sector. Undoubtedly, this recent adoption by IBM will surely boost the future of XLM. Other companies that have adopted XLM are SatoshiPay, Kin Foundation, and BloomX.
Furthermore, another breakthrough of Stellar Lumens (XLM) is the support from NASDAQ, one of the prominent US stock markets. NASDAQ publically declared to the world that XLM is one of the twenty new cryptos to have the most significant potential growth.
That is exciting news for XLM, and it is undoubtedly going to boost the interest of investors especially when NASDAQ lists it as one of the digital currencies in its forthcoming cryptocurrency exchange.
There are also other major players that offer the same services as XLM, and XRP is probably its biggest rival. Both platforms are aiming to reach the USD 20 trillion annually in the market. Although XLM has a market cap of $5,348,989,965 (as of writing this article), there seems to be a potential growth of this cryptocurrency in the coming years.
In addition, XLM on its own is more decentralized than its rival. A good number of investors are taking their attention away from XRP due to the fact that XRP Foundation itself controls almost 60 percent of the digital coins.
When it comes to the price of Stellar, it has almost reached the bottom. In the market today, you will observe that it has been resilient in the XLM/BTC charts. Nevertheless, buying XLM right now may be really suitable, and it is currently traded at $0.28 (good chance to buy in bulk). Indeed, Stellar (XLM) has what it takes to break out from its current situation soonest.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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3 Coins with the Largest Potential in 2019
2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
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Do or Die: 3 Crypto Projects that Really Need to Deliver Soon
Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
1) Ethereum (ETH)
Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…
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It has been an entire year since the last real bull run in cryptos and most traders and investors are ready to experience the excitement of their favorite coins blowing up once again. Ever since January 2018, all that the crypto market was experiencing were price drops, with minor attempts at recovery, which would only lead to another decline in prices.
However, there are several reasons to believe that this situation might change in 2019. Naturally, many are hoping to see it happen sooner, rather than later. One such reason is the natural progress of the crypto market. According to analysts, the market moves in cycles, which include bearish and bullish behavior alike. With the last bearish trend taking up the entire year of 2018, it is now time for the more positive development to take place.
Another reason includes large projects that have a goal to deal with problems that the crypto market has been facing, such as high volatility, scalability, and alike. If developers were to find solutions to problems like these or at least provide a better alternative to the current situation, this could encourage investors to become even more active within the crypto space, which can lead to a lot of positive development.
Finally, there are projects that aim to bring institutional investors to the crypto market, by solving issues that institutions are most…
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