Stellar weekly news, updates and price predictions
Stellar Lumens (XLM) is among the few cryptocurrencies designated by observers and investors as genuinely viable and exciting. It has already proved itself in several use-cases and some of the world’s biggest players have adopted it. Stellar aims to integrate Blockchain Technology with the existing financial systems.
Just like Bitcoin, Stellar is another decentralized network. However, it differs from Bitcoin by offering cheaper, quicker and reliable international transactions. YOVO, the world’s first cryptocurrency mobile network is based on Stellar Lumens. The blockchain based phone network has chosen to shift to Malta to take its project ahead.
Stellar Lumens might possibly acquire San Francisco-based start-up, Chain. The cryptocurrency company is currently discussing the possibility of a take-over with Chain. The Blockchain start-up develops cryptographic ledgers for the finance industry. XLM was recently in the news after the crypto-coin was added onto Bitcoin IRA platform.
See Also: Stellar Lumens (XLM) and Zcash added to Bitcoin IRA
XLM currently stands at rank 7 in the cryptocurrency market. It seems this 7th largest digital currency is willing to shell out XLM worth $500 million to buy the company. While it seems an astronomical sum, it seems a manageable amount for XLM which has a market cap of $4.3 billion. But, according to Fortune, it’s unclear as of now on how the crypto company plans to utilize this technology.
XLM Price Today
XLM is trading at $ 0.20098 per token today with a market cap of $ 37.14 million. The digital currency has dropped down by 3.8% in the past 24 hours.
According to Wallet investor, XLM is considered as a coin with a long-term investment potential of nearly a year. They predict that the price can go up to $0.385 in a year. In five years the forecasted price hike is roughly about a dollar which will come up to $ 1.044.
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