Altcoins
These Stellar (XLM) projects have the potential to revolutionize the cryptoverse
At the moment of writing, Stellar (XLM) is the 6th largest cryptocurrency of the market with a price per token of $0.22, a market capitalization of $4,303,737,475, and an increase of 4.91% in the last 24 hours.
Without a doubt, Stellar represents one of the top cryptos, and that let us assume that both the strategies and projects that the company deploys are quite good in terms of usability and benefits for the community in general terms.
As a matter of fact, Stellar (XLM) has become one of the preferred platforms when it comes to launching a project in the blockchain, and the same way, it has accomplished to create the most revolutionary projects in order to make 2018 the best year for the crypto.
Let’s see all of the details behind each one of the initiatives that the company has created.
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IBM payment solution
Stellar has managed to partner with the technology giant IBM, and it was known that both companies are working hand-in-hand in order to improve the payment systems of IBM.
This results particularly exciting considering the fact that IBM has partnered as well with several banks and financial institutions, even including central banks and federal institutions. So just with the existence of the collaboration, many opportunities open up for both crypto and fiat sectors.
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The Veridium project
Veridium.io is another cryptocurrency project that was created through the alliance between IBM and Stellar, the project was actually born with the intention of reducing the impact of carbon emissions in the atmosphere.
The idea was beyond innovative because the project seeks to incorporate VERDE (the native token) into carbon, gas, and oil trading platforms to automate the whole process of counter-attacking the emissions of carbon in these trades.
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Stellar X
StellarX.io is a decentralized exchange project that is backed by the Stellar lumens. In fact, this has been one of the main critiques that the project has received so far, considering the fact that the decentralized part would be put into question due to the presence of Stellar as a third party. However, the project has great opportunities, and as it seems, it could launch the value of Stellar (XLM) to unimaginable heights.
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Open Garden
OpenGarden.com is a project that focuses mainly on undeveloped countries such as the African region. It offers the opportunity of having free internet through a wifi hotspot for those who don’t have access to the net in their places.
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TillBilly
TillBilly.com is a project that seeks to integrate a retail outlet into the Stellar network. It is envisioned that besides being cheaper and faster than credit/debit cards, and platforms such as Apple Pay, the platform will also reward those who use it with Stellar lumens.
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Slice
Slice.Market is a project that seeks to bring the Real Estate business into the crypto world by tokenizing Real-Estate transactions and operations between two people that even may be located in different parts of the world.
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Sure Remit
SureRemit.co is another project that involves undeveloped regions like Africa. The project seeks to provide a faster and cheaper solution for sending remittances back home from literally any place in the world.
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SmartLands
SmartLands.io is another project that is seeking to tokenize a specific area of the industry, in this case, agriculture.
Conclusion
Each one of the projects that Stellar (XLM) is deploying or being used in, offers a clear evidence that the token will speed-up its growth in the market very soon. So stay tuned, you may be surprised with the updates of the crypto.
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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 thorough research before investing in any cryptocurrency and read our full disclaimer.
Photo by Alexandre Perotto on Unsplash
Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.
SOL Outlook
Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.
The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.
This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…
Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.
Catalysts Behind SOL’s Rally
Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.
The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.
Cited figures provided by DeFi aggregator DeFiLlama…
Solana price has jumped more than 8% over the past week, breaching the important level of $60. At the time of writing, Solana was trading 3% higher at $61.07. The asset’s total market cap has climbed to $25.9 billion over the past week, ranking it the 6th largest cryptocurrency after XRP. The total volume of SOL traded over the last day has declined by 8%.
SOL’s Bullish Cues
Solana’s price has been among the best-performing cryptocurrencies this year amid continuous growth. The “Ethereum killer” has consistently impressed investors throughout the year on the back of a resurgence in bullishness, which saw SOL’s price climb more than 513% in the year to date. Institutional investors have also shared the bullish sentiment, making Solana their most preferred altcoin.
In the week ending November 24, Solana recorded inflows worth nearly $3.5 million, significantly more than the other altcoins’ inflows combined. The asset’s monthly inflows were higher at $40.2 million, lower than Ethereum’s $99.6 million inflows in the same period. Other altcoins, including Litecoin and Ethereum, noted significant outflows, making Solana nearly half of the home for DeFi. This implies that when it comes to institutions, Solana is currently the best-performing altcoin with the potential of a long-term rally much higher than other digital assets.
Notably, the Solana DeFi ecosystem accomplished a significant milestone earlier this week. Its Total Value Locked (TVL) hit a new yearly peak of over $655 million,…
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