Connect with us

Blogs

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

Published

on

Stellar XLM
READ LATER - DOWNLOAD THIS POST AS PDF

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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

Published

on

Bitcoin crash
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

Continue Reading

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

Continue Reading

Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

Published

on

crypto credit cards
READ LATER - DOWNLOAD THIS POST AS PDF

It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

Continue Reading

Elite