Once IBM announced its new partnership with Stellar Lumens (XLM), which included eight new validators for Stellar’s network, provided by IBM, XLM’s price rose to $0.24.
Stellar introduced their concept of a network ATM last year in Singapore in a move that will bring a lot of attention to their currency in particular and the crypto world in general. Jed McCaleb (one of Stellar’s founders) announced as well that more than thirty banks would join the Stellar/IBM blockchain partnership (and that’s happened already). If that wasn’t enough great news, Nano Ledger S included the token in its list, and that all happened a decent time ago – many other good things have happened, too.
Stellar has grown by 6,300% (when we talk about the point from where the currency started its journey) despite the fact that it’s been included in exchanges only very recently. It’s an amazing feat for a relatively young project.
This has a lot to do with the number of other partnerships that Stellar Lumens has achieved. Let’s have a look at some of them:
- SatoshiPay. A service that allows websites to monetize in digital currencies.
- Keybase. A company working on centralization and privacy (has got pretty much the same beliefs has Stellar does). They have 200K users already, and growing rapidly – there’s an open Stellar team on the Keybase now.
- EXCH.ONE. It is a Swiss exchange that wants to include both fiat and digital currencies. They want Stellar to go along with them in Europe and the Americas.
- Klick-Ex. A famous firm that provides international transactions, especially relevant in Europe and the Pacific.
- HashCash. Developers of solutions for financial institutions such as banks.
- Mobius. This service will make them relevant in the mobile market. It has the ability to make smart contracts for non-chain users. Stellar’s co-founder, Jed McCaleb, is also part of Mobius.
- Deloitte. A consulting firm with clients who are in the Fortune 500 companies list. The firm expects some of its clients to adopt XLM soon.
Why are firms going for Stellar?
It would seem that Stellar means to steal Ethereum’s ICO protagonism when it comes to creating simple tokens, at the very least. Ethereum creates a new ICO by creating a new token based on the ERC-20 blockchain. This, still relatively new (if you compare it with the big guns), the token is nothing but a smart contract written in Ethereum’s Solidity programming language.
Stellar Lumens (XLM) uses a simpler, more user-friendly, language that could even do away with the need to have a Solidity expert at hand.
Blockchain networks need validation and validation takes power. This is one of the issues with blockchain technology. Bitcoin is notorious because of the huge amounts of power it takes to mine even a single block. Stellar offers an alternative. The use of the Consensus Algorithm saves a lot of energy, requires no mining per se and that makes everything cheaper.
Stellar (XLM) Market Analysis
With $5,152,384,774 in market capitalization, Stellar (XLM) currently holds the 8th place. This is impressive when you consider that all this progress has been made within just a couple of years. Many institutions have given Stellar their public support so FOMO is taking over FUD in social media, neutral observers, and crypto enthusiasts.
When Stellar Lumen’s XLM came live, it was traded at fractions of a penny. Now it’s at $0.27 USD which makes for almost a 6000% increment. Again, it’s not even been five full months yet.
So XLM is growing quickly but it’s still very cheap. This is very attractive for investors who expect this coin to keep growing. For them, this means they are in time to buy it in bulk and then just sit back, and watch it grow.
If the crypto economy goes all the way to another trillion dollars more or less soon (as it’s expected), then by coming September, Stellar could be on Coinmarketcap’s top 5 and could hit the one dollar mark during November or December.
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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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3 Coins with the Largest Potential in 2019
2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
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Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
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It has been an entire year since the last real bull run in cryptos and most traders and investors are ready to experience the excitement of their favorite coins blowing up once again. Ever since January 2018, all that the crypto market was experiencing were price drops, with minor attempts at recovery, which would only lead to another decline in prices.
However, there are several reasons to believe that this situation might change in 2019. Naturally, many are hoping to see it happen sooner, rather than later. One such reason is the natural progress of the crypto market. According to analysts, the market moves in cycles, which include bearish and bullish behavior alike. With the last bearish trend taking up the entire year of 2018, it is now time for the more positive development to take place.
Another reason includes large projects that have a goal to deal with problems that the crypto market has been facing, such as high volatility, scalability, and alike. If developers were to find solutions to problems like these or at least provide a better alternative to the current situation, this could encourage investors to become even more active within the crypto space, which can lead to a lot of positive development.
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