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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

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has…

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