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Is it worth HODLing Stellar Lumen (XLM) or not?

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Stellar XLM
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Several factors determine the value and worth of any cryptocurrency, whether they are a viable investment opportunity or worth disposing of. Specific criteria need to be examined to determine the present strength and future potential of virtual currencies, which includes speed, transaction tariffs, scalability, value, technology, and development and leadership team.

This article will try to look at the Stellar Lumen’s (XLM) characteristics and whether it is a good digital currency worth holding or selling.

The 101: What is Stellar (XLM)?

XLM is a decentralized platform that was founded by Ripple co-founder, Jeb McCaleb, that facilitates the exchange of assets efficiently and easily. The platform is a blockchain based technology that allows it to support settlements in a secure yet decentralized way. It is an open-source payment platform that shares numerous comparations with Ripple.

How Does it Work?

Just like many decentralized payment technologies, Stellar runs a network of decentralized servers with the presence of a distributed ledger that is updated after every 5 seconds or so among all nodes.

One of the most prominent factors that distinguish bitcoin and Stellar is its consensus protocol. The Stellar protocol does not depend on the complete miner’s network to approve payments. Rather, it uses the FBA or Federated Byzantine Agreement algorithm, which facilitates faster processing of payments. In other words, what Stellar does is use a portion of their platform to approve and authenticate a payment.

Stellar’s Development Team and Leadership

Stellar Lumen is fortunate enough to have a respectable icon in the cryptocurrency ecosystem as its founder and leader, Jeb McCaleb and a great team working behind the vision and mission laid out by the top management.

In the world of internet technology, Jeb is a highly respected and experienced icon who has initiated many other projects other than Stellar. He first started with peer-to-peer music sharing systems called eDonkey. After this, Jeb developed MT. Gox, one of the very first Bitcoin exchanges, which hosted more than 60% of all Bitcoin transactions at one point. He later went ahead to sell MT.Gox then co-founded Ripple. This is to show you that the person leasing Stellar is a true master of his craft.

Transaction Costs

Thanks to Stellar’s elaborate and efficient consensus protocol, up to one thousand transactions can be safely processed per second at a fixed rate of 0.00001 XLM per settlement.

Stellar’s (XLM) Market Performance

The 7th ranked digital coin in the crypto market on the first impression doesn’t look like it has much to offer. For some time now, XLM has been exchanging under its record price. However, there is more to it than what meets the eyes.

XLM happens to be one of the top 15 best improved digital coins of the year, gaining its value by about 2600%. And of course, its partnerships with top firms like IBM and ICICI (India’s biggest bank) are a proof that XLM is bound to grow.

At the time of writing, XLM is exchanging at the value of $0.23 per coin with a market capitalization of more than 4.4 billion dollars. The currency follows the current bearish trend of the market too, but that does not mean it’s not worth HODLing.

The team and leadership, low transaction costs, the value it provides to the real world, and top-notch partnerships the currency has managed to get in its pocket, make it a good coin to HODL. Stellar (XLM) easily takes the title of the best-improved coin with 2600% of gains that was realized over a period adding its approval rating as a good candidate for HODL.

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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

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The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

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