Is Stellar (XLM) Coin A Good Buy After The Recent Move?

At this point in time, the Shiba token may be a hot ticket in the crypto world but at the same time, it might not be a great idea for crypto investors to completely overlook Stellar (XLM).

Experts believe that Stellar, which is currently ranked 24th among the world’s cryptocurrencies in terms of market cap at this point, has a fair chance of eventually going past Shiba’s market cap In a year. The reason behind the optimism around Stellar is grounded in the fact that it has a definite and real world use case.

The cryptocurrency token XLM or Lumens are part of the Stellar blockchain and are meant for helping with cross border payment services. That is a vast market and if the cryptocurrency can corner any part of the market then it could lead to considerable gains for the XLM token.

The Stellar blockchain helps in converting fiat currencies into XLM and then helps in transferring the money in to anywhere in the globe in no more than 4 to 5 seconds. Hence, it is a cryptocurrency that has garnered a lot of attention of investors in recent times and it remains to be seen if it can deliver on its promise.

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.