When it comes to the global remittance networks, Stellar (XLM) and XRP (XRP) are rivals as they share the same goal. Both cryptocurrencies want to change the game in the global payment system and overtake the Swift system that is currently being used by banks. The market might not currently look encouraging but experts have said that the XLM token is highly undervalued. Anyone who wants to buy XLM should take advantage of the bearish market because the coin is going over the moon soon.
What’s Happening With Stellar (XLM)?
Currently, Stellar has strong fundamentals that do not match its price. This means it has the potential for growth. Stellar was designed specifically to revolutionize the cross-border payment system. The goal is to make country to country payments cheaper, faster, and more efficient at every given time. While Ripple is more focused on providing banks with services that will make this vision a reality, Stellar is focused on servicing individuals.
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Stellar (XLM) Price Today – XLM / USD
Still, Stellar has made some strategic partnerships that will put it in the best position for success. Not too long ago, the cryptocurrency platform entered into partnership with IBM. This partnership allows Stellar to access IBM’s partners. One key benefit of this partnership is that it recognizes fiat and not just XLM deposits.
This is a big deal for financial institutions because it allows them to enjoy the benefits of blockchain technology without having to work directly with cryptocurrency trading platforms. Many banks and financial institutions are still cautious about going into partnerships that make them deal with cryptocurrencies directly.
Not too long ago, Stellar launched Interstellar. Interstellar is a platform that has made the Stellar blockchain more enticing to financial institutions. There are new reports that Stellar is planning to debut more features that will make the blockchain more scalable and secure. Since privacy is one of the most important things in the industry, it’s important that any blockchain that wants to thrive in the financial sector make provision for it. The Stellar blockchain offers this kind of privacy.
Interoperability and scalability are two other factors that influence the financial industry. With thousands of transactions being carried out every second, a system must be scalable if it is to survive. Stellar is making moves to become the most scalable blockchain in the world in a bid to reach its target audience.
The bottom line is that there are many use cases of Stellar (XLM) making it excellent and sustainable. No matter how bad the market gets, you can rest assured that Stellar will remain. In fact, the price of XLM is going to turn bullish after it has dominated the global financial market.
Stellar (XLM) Price Analysis.
At the time of writing, XLM was trading at $0.252194. This shows that it was up by 4.14% and 4.32%. This is far from a bull run but it isn’t so bad either. Keep in mind that the entire cryptocurrency market is currently bearish. The problem isn’t with XLM alone. Main while, the market capitalization of XLM is $4,776,221,856 while the total trading volume within a 24 hour period is $74,386,360.