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Stellar XLM is a Smart Play, Here is Why

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Stellar XLM
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Stellar XLM is a well-known platform that has received a lot of popularity and attention recently. Its goal is to connect payment systems, banks, and people in a more efficient way, and make the payment processes faster and easier to do. In fact, its protocol is specially designed for making international payments faster, and more efficient.

Not only that, but Stellar XLM also allows others to issue tokens through ICOs, DEXs, and it even hosts dApps. It was created by a group consisting of David Mazieres, Graydon Hoare, and Jed McCaleb back in 2014. So far, it has managed to attract numerous investors, advisors, as well as board members which all include some pretty big names.

Stellar wishes to make the world better by making financial services better, which is why it has a potential of being one of the biggest projects that will lead us into a brighter future. Of course, this takes time, and investing in Stellar should be viewed as a long-term thing. Here are some of the reasons why investing in this project is the smart decision.

Why investing in Stellar XLM is a good idea

1) Partnership with IBM

Over the years, Stellar has become pretty close with IBM, and the two have made a lot of progress on multiple mutually-shared initiatives. In a lot of cases, partnerships between companies and various cryptos are only real in name. Firms wish to demonstrate how modern and progressive they are, and the cryptos receive more attention due to their new connection to a big name.

However, this is not the case with Stellar and IBM. Ever since the two have partnered up, this collaboration has demonstrated extreme value for both parties. IBM uses XLM for the firm’s blockchain solutions in the real-world environment, and the partnership has led to a lot of improvement in cross-border payments.

IBM has also revealed plans to create their personal token, Verde, which will likely mean that the firm will use Stellar as a primary bridge asset in the UPS, their joint venture. What Stellar is getting in return is 8 validating nodes, and their tech used for their own customers. Additionally, numerous joint projects started by the two entities continue to thrive.

2) Stellar XLM supports stable coins

Stable coins appeared as a method of pointing out the high volatility of cryptocurrencies. They do so by tying themselves to assets in the real world, like a fiat currency. This has brought several stable coins, with the best-known one being Tether, which is tied to the US dollar.

Now, there is news of another stable coin, US Anchor, doing the same, and doing it through Stellar’s network. This coin is being launched by a startup going by the name of Stronghold. And, while Tether’s financial backing isn’t exactly known to the public, Anchor is said to be backed by the dollar completely and will use the funds held by a firm called Prime Trust.

IBM itself is also involved in this project, with the goal of exploring the use cases that stable coins can bring up. Additionally, due to its large customer ecosystem, IBM is also the perfect way for the coin to reach the market. Eventually, IBM hopes to see Achor become a go-to coin for financial institutions, and for various purposes at that.

If Anchor, or some other stable coin, gets implemented on Stellar’s network without issues it is also expected that CBDC (Central Bank Digitally Issued Currency) might soon come too. While this would bring Stellar to the new heights, there is also a question of decentralization involved. Stellar itself is decentralized, which might mean that the banks would have a problem with that.

Additionally, many are wondering if stable coins might hurt Stellar’s potential to serve as a bridge asset. However, while this is a valid concern, it is not completely clear whether or not stable coins will actually pose a threat to Stellar’s functionality.

3) Coinbase targeting Stellar XLM

Coinbase has been every crypto’s dream for years now, and a lot of coins would give anything to find themselves on their list. Historically, Coinbase has been rather selective of the coins it adopts. This is due to numerous regulative uncertainties since the platform doesn’t want to get into trouble if it turns out that one of their coins is a security or a scam.

However, the platform has been making serious efforts on overcoming this fear and expanding their token list. Recently, they announced that they are looking into numerous coins in search of their next addition, with Stellar being one of them. Of course, this doesn’t mean that Stellar is already on the list since Coinbase itself said that maybe none of the coins that they are considering will actually be added. Still, the fact that Coinbase took Stellar as a potential candidate means a lot for this crypto.

4) Stellar XLM targets a huge addressable market

We already mentioned that Stellar is looking into revolutionizing numerous markets, but when they are combined, its total addressable market is really huge and worth of tens of trillions of dollars. Even if it gets involved in a tiny fraction of this, that could still mean billions of dollars for everyone involved, and the coin’s price would reach the moon.

Of course, Stellar has a lot of work to do here, and it even has a lot of competition like OmiseGo and Ripple. However, its biggest adversary is the traditional method of making payments. Stellar is bringing new technology, one that many are still wary of. With that in mind, it will first have to convince these markets that its tech is reliable and truly better than what they have been using for decades.

5) The Lightning network

The Lightning network has brought a promise of an increase in privacy, and the coins that wish to remain relevant will likely have no choice but to get on it. Stellar is way ahead of many others in this regard, and it hopes to have a live implementation by the end of the year.

Lightning Network’s technology will allow it, even more, use cases, and much, much faster transaction speeds. Not to mention near-free and near-instant atomic swaps between XLM, Stellar’s other tokens like Anchor, and other cryptos.

6) Stellar XLM allows ICOs

Ethereum has grown to be a second largest crypto for a reason, and that is its ability to raise funds through ICOs. Now, Stellar hopes to do the same. However, Stellar is hoping to do things a bit differently. It doesn’t require gas for a program executing, and its transaction fees are extremely small. This makes it very attractive for developers, especially since gas prices on other blockchains have grown to be very expensive.

Additionally, Stellar (XLM) even has a decentralized exchange that allows for immediate token trading. All of this combined is making Stellar one of the most attractive coins today, and it basically secures it as one of the coins of the future. Because of that, avoiding Stellar now would be a big mistake for everyone hoping to make a smart investment.

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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.

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Altcoins

TRON Ecosystem New Addition — CryptoDungeons

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CryptoDungeons
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According to the recent Medium post published by TRON Arcade, a blockchain-based RPG called CryptoDungeons is to become the latest hit on the TRON blockchain.

The announcement was published on February 8th, and it states that the CryptoDungeons TRON game is still in development. However, the team is preparing to announce a presale soon, meaning that the official launch is not far away.

About CryptoDungeons

CryptoDungeons was originally developed to be a part of Ethereum’s network. However, the team has decided to bring it to TRON instead. Soon enough, the fans of the game will be able to experience its story, universe, and characters on TRON blockchain.

The game is centered around Heroes who can be bought and used for exploring dungeons, crafting various items, gathering food, and alike. The game also offers five races for players to choose from — Humans, Elves Dwarves, Orcs, and Angels. Additionally, there will also be four classes, including Warriors, Mages, Rogues, and Priests. Each class will have its own unique abilities, with the Warrior class being presented as an example. The abilities that this class features include Strike, Heavy Strike, Shield Wall, Shield Slam,…

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Positive Crypto Price Trend Moves VeChain (VET)

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VeChain
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As many are likely aware of, the previous twelve months were not particularly friendly to cryptocurrencies, and there were two major market crashes since January 2018. However, it could be that investors’ wishes are finally coming true, as the market is currently seeing actual gains. While there is still no certainty regarding this behavior, investors around the world are finding the current development to be quite refreshing.

One interesting development that was noticed these days is the increase of VeChain’s price, which is seeing minor gains at this time.

VeChain (VET) price grows

While most cryptocurrencies experienced some extreme ups and downs during their lifetime, VeChain is usually surprisingly unaffected by the market’s behavior. In fact, its price chart typically shows no major changes, and it seems pretty flat in comparison to other cryptocurrencies.

While this may be a good thing, as the lack of volatility means that the coin is more stable than most, the fact that the price is usually not affected makes the current gains that much more peculiar.

In the last 24 hours, VeChain’s price has grown by 2.16%, placing its value at $0.00401120 at the time of writing. The growth is minor, and the coin’s value only increased by a fraction of a cent, but this is still not typical behavior for this cryptocurrency, which attracted the attention of analysts and investors…

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Altcoins

SOLVE Token Could Be A Huge Long-Term Winner

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Solve.Care
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A lot of articles have been written about an altcoin apocalypse.  With so many tokens entering the market, it is inevitable that not all of them will survive.  When trying to analyze pick out the best projects, the following criteria should be used:

  • Very active community
  • Strong potential for mass adoption
  • Valuable partnerships
  • Experienced leadership

If a project scores well in at least three of the above criteria, it’s a winner.  When it scores well in all four, it has the potential to be a blockbuster.  That potential blockbuster is Solve.Care.

Background

Solve.Care has developed a revolutionary platform that will significantly improve care outcomes by reducing healthcare administrative costs.  The platform will also go a long way toward eliminating a lot of the problems commonly seen within healthcare administration such as duplication, waste, abuse, and fraud.  I firmly expect Solve.Care to generate cost savings by facilitating peer-to-peer transactions that grant authority to stakeholders while empowering payers regarding cost control and oversight.

SOLVE token completed its token sale last year in May.  The company sold 350,000,000 tokens and still has 650,000,000 in its treasury.  The great news is that the token has been recently listed on both Bittrex and KuCoin, two of the largest and most trustworthy exchanges in the world.  Given the recent incidents, especially the Cryptopia hack, being on a trustworthy exchange is of paramount…

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