At present, Stellar Lumens has come to the 8th spot on the crypto market with a value of $0.202. The status of the coin seems to be quite good in the market as it was recently made available on crypto exchange platform CEX.IO.
They have even made it quite user-friendly by allowing their users to pick the currency of their choice, which is EUR, USD, or BTC. The user-friendly cryptocurrency also offers instant buy for Stellar XLM directly with VISA or Mastercard now. Android and iOS have also made it feasible for withdrawals. Although the digital coin went through a dip, these are promising adoptions that could help the value go up.
In terms of cross-border payments, these are innovations that can boost its value to an extent where one of the major cryptocurrency Ripple could get affected. Sometime in 2017, stellar was reported to be one of the potential coins to make it big in the market.
That speculation was made because of the coin’s partnership between IBM, and this was opening doors to cryptocurrency’s network to facilitate cross-border payment.
Stellar is working towards clearing the disputes that go on between the blockchain technology and traditional finance companies. They are making it possible to build affordable financial products for their company, thus making it familiar and efficient.
Subsequently, the CEX platform has made sales smooth and really quick as the transactions are based on FOK (Fill or Kill) orders. This makes all orders to take place immediately, and they also assure successful transactions. The CEX site calculates exchange rates within 2 minutes after which it gets frozen.
The company is also trying to make it risk-free for its customers. To avoid the on and off-price variations in the cryptocurrencies, the rates are adjusted and kept in advance. The users are also guaranteed that they will get the very same amount that has been agreed.
Stellar seems to be making an effort that will take them a long way in the crypto market. Although other coins have made similar attempts, stellar appears to be getting into details and making the coin more efficient.
Rather than transforming the financial payment methods now, this digital coin is looking to integrating within the tradition financial structure, thus handcuffing the entire system by keeping the benefits that come with the blockchain technology. This integrated platform in partnership with the various banks and payment gateways makes it trustworthy and customer-friendly.
The coin stood at a value of $0.91 in January. After this hike, stellar saw a dip and had been facing the reputations of the significant fall of the cryptocurrency market last month.
But then this again shot up and the currency, currently, stays at $0.20 as of today (Wednesday 11, 2018) – valued at +6.86% against the US dollar and +2.23% against bitcoin as far as the increment is concerned. Looking at this trend, it looks like Stellar will do really well in the near future and might also be a threat to many other digital currencies.
We will be updating our subscribers as soon as we know more. For the latest on XLM, sign up below!
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.
Image courtesy of barnyz via Flickr