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).
For the latest cryptocurrency news, join our Telegram!
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
Reasons Why 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
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.
One thing that is expected is the approval of Bitcoin ETFs…
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?…
Crypto Venture UpStake is Redefining the Industry with a Proof-of-Burn Stable Coin
How Online Casinos Can Adapt to the Growth of Cryptocurrency
Reasons Why 2019 May Be A Great Year For Crypto
Altcoins2 weeks ago
TRON (TRX) Expectations for 2019
Blogs2 weeks ago
Will 2019 be the Year of XRP?
Bitcoin2 weeks ago
What Will Happen First: BTC 2k or 5k?
Don't Miss1 week ago
Wirex adds WAVES to its Platform
Bitcoin1 week ago
Bitcoin Grows Beyond $4,000
Blogs3 days ago
3 Cryptos To Blow Up In The Next Bull Run
Altcoins1 week ago
TRX vs ADA: TRX Overtook ADA for 8th Place
Altcoins1 week ago
TRON (TRX) Surges by 20%