In other words, Stellar is the payment network (Horizon API and Stellar Core) and Lumens (XLM) is the cryptocurrency. Those are both overseen by a non-profit called Stellar.org.
Stellar Lumens (XLM) has been having a very good time in the crypto market since the last couple of months. Not only in value but also by its projects being appreciated in the cryptocurrency and blockchain spaces. This strategic positioning has posed a threat to top cryptocurrencies. To prove their determination in taking over the top spot, IBM has adopted the use of the Stellar technology.
Fintech experts speaking with the personal finance website Finder.com predicted recently that Stellar’s market cap would rise to $183 billion by the end of the year. To put that in perspective, bitcoin currently has a $233 billion market cap.
Stellar is looking forward to completely takeover the position currently occupied by the SWIFT network. With most central banks around the world having plans to issue their own digital coins and IBM being on the back-end of these banks, the Lumen blockchain is best suited to take over seats that were occupied by the likes of Ethereum and Ripple. This may result in surging of prices of the XLM tokens.
The new love for the Stellar can already been seen by the customers. For example, the kin foundation which was previously using the Ethereum platform have since found the Lumen platform to be better.
A statement from the Kin foundation read:
“All Kin transactions have taken place on Ethereum (ERC20). Moving forward, Kin transaction will be performed on Ethereum or Stellar. As Ted discussed in a recent AMA, the two blockchains will support Kin in different ways — with services operating on the blockchain that is best suited to their needs.”
In contrast to Bicoin’s price, the XLM currently has a price increase of 4.77% while the Bitcoin achieved 3.75.8%. The percentage increase in price for XLM has been considerably steady over the past few months.
The consistent increase in the price of Stellar (XLM) would make us believe that the stellar market look bright ahead, and would most probably take over top cryptocurrency coins like, Bitcoin, ethereum, Ripple.
