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Are there any reasons left to invest in Stellar Lumens (XLM) right now?

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Stellar XLM

So you’re looking for a cryptocurrency that can capture your interest? Well, there’s a minimal set of crypto coins that have been designated by observers and investors as genuinely viable and exciting. Stellar Lumen’s XLM is one of them.

Stellar’s XLM is already being used in the real world (through a partnership with IBM), so it’s proven itself. It has the approval (and adoption) of some of the world’s big players (thirty banks the world over are using it already). This all means that Stellar has the potential to go all the way and you shouldn’t be left out.

Stellar is not about to break into the mainstream; it’s done it already. IBM has created a market for carbon credits that works on the Stellar blockchain and token, and it’s persuaded thirty of the world’s leading banks to use Stellar’s tech and token to do their international transactions.

Why is that, I hear you ask?

That’s because Stellar brings together the best of all worlds. It gives its users every good feature that Bitcoin can offer while, at the same time, it gives them the same flexibility offered by Ethereum. 

Stellar is a decentralized blockchain just as Bitcoin, but it takes things one step further. It allows for international transactions to be carried out quickly, reliably and cheaply.

Moreover, Stellar is a blockchain operating system in full that allows for the creation of decentralized apps. It’s highly scalable, it allows for lots of transactions per second, and it takes no fees at all.

IBM partners up with Stellar Lumens

Last October, IBM let the world know it was partnering with Stellar Lumens. They will be working together to make international transfers and money remittances quicker, easier, more reliable. This is IBM, keep in mind it’s a firm that has been at the heart of several technological revolutions already. 

It’s so prestigious and influential that this Stellar partnership could shape its future for good. Again, IBM is already using Stellar’s blockchain in a big project (carbon credits exchange), and the giant has persuaded thirty banks around the world to use Stellar’s XLM to settle international transfers. And this is just the beginning; the chances are that, as time goes by, IBM will find many new ways to take advantage of Stellar’s technology and will recruit lots of new partners.

Then there’s BloomX, a file exchange and data sharing service. They recently announced they would adopt Stellar’s network to accept cryptocurrency payments. This is the kind of deal that will bring attention to Stellar from outside the crypto world, to a set of users that otherwise would not know or care about any alt-coin at all.

A match made in heaven: Low risk, high returns

Plenty of projects show great potential in the current cryptocurrency market. But their potential doesn’t come for free; there are strings attached to some of them and, in some cases, the risks are just as high as the potential benefits. Lumen doesn’t have that problem.

It’s already among the world’s top digital currencies, and it has Jed McCaleb, one of the best minds ever to grace the crypto community, behind it.

Also, Stellar’s main direct competitor is Ripple’s XRP (both coins are meant to be used in international transfers by financial institutions) and, while Ripple was last year’s most profitable coin, right now it faces a lawsuit that will decide if it’s a security or not. This, along with IBM’s support seems to grant Stellar’s XLM the upper hand because the risks involved in going for Stellar are very low and the returns could be huge soon.

As every day goes by, Stellar’s new way of doing things (called the Stellar Consensus Protocol, SCP) is moving forward quickly and getting new investors, customers and users all the time.

It could become the first cryptocurrency to be globally accepted, and that is the primary sign of the returns it could produce. It’s grown by 633% over the last year, and 399% over the previous semester. While it’s not as impressive as Ripple’s performance for last year, the game has changed because Ripple is now at high risk and Stellar is not.

Stellar is the seventh biggest crypto coin in terms of market capitalization (5.8 billion). It was at $0.45 as the month begun and it could go over fifty cents soon. 

Over the last week things went a bit south for Stellar (as well as for every other coin, Bitcoin included) and it’s now at $0.27, but it’s nothing to be worried about. The market will bounce back soon and chances are the gains will be just gargantuan. It’s expected that the XLM will go over $0.50 before the next year starts (and even reach $1 earlier than many out there might be thinking it will).

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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.

Image courtesy of Pxhere.com

Blogs

How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

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