Bullish forecast on Stellar as quotes grow
As you might guess, the title of the article is somewhat rhetorical. Stellar Lumens is currently trading at $ 0,45 per coin. Yesterday, literally overnight, this crypt grew by more than 13%. We have been issuing bullish forecasts for XLM since January, predicting that this is the next cryptocurrency in line, which is waiting for explosive growth. Yesterday's lead upwards only strengthened our opinion, which we have already expressed more than once.
In other words, Stellar behaves steeper than Bitcoin, which has already become a kind of standard among cryptocurrencies and dictates the mood in this area.
So, what did cause such a growth in quotes? Besides the fact that several winds were blowing at once into the cryptocurrency sails, Stellar has a reason for attracting our attention. More on this later. But first, let's quickly look at what, why investor interest showed a sharp jump.
If you look at the volumes of market capitalization, it will become obvious where the money is coming from. From Asia, or rather from South Korea. Almost half of the XLM deals in the last 24 hours have happened with the Korean won.
For the protocol, the South Korean government has once again confirmed that it does not closely consider a complete ban on cryptocurrency and trading. Cheers cheers.
But why suddenly such an enthusiasm for Stellar? Honestly, this may be due to the fact that this crypt is tipped off the fate of the “next powerful coin”, or, as they say, this is the “next Ripple”. Check the data on the annual growth of the first and make sure that the grounds for such statements are available.
Pay attention - investors began to peck at Ripple, when the entire crypt market received a smart kick in the ass from the bulls. Investors were attracted by advertising and the fact that this coin was worth a penny.
Ripple promotes itself as a choice of top banks, but Stellar has declared itself to be a platform that can reach a wider range of consumers. Stellar not only "handles" with banks, but also, for a minute, with corporations and even ordinary customers.
Let's make it clear: Ripple is a technology aimed at decentralizing cross-border payments in order to make them cheaper, speed up, and also make them not susceptible to external influence. Stellar does the same thing that its commission is several times lower than that of Ripple.
That's why Stellar attracts attention. Thanks to the recent mention of this crypt by Stripe Inc from the field of digital payments, as well as in light of Stellar’s current partnership with International Business Machines Corporation, this platform has come into the spotlight.
Stripe has only recently stopped using Bitcoin, stating that the cue is slow and cuts at workers at exorbitant prices. Now Stripe is looking for a replacement for the “irreplaceable” original cryptocurrency. And they turned their gaze to Stellar.
In addition, we have already touched on the topic, why Stellar Lumens are much more likely to win the love of the masses than the same Ripple - this is their contract with IBM.
The latter went to cooperate with Stellar to use it in its blockchain-based cross-border payment network, which is currently under development. Around the world, over 12 gateways have already been installed, and as the network evolves, it continues to expand.
Ripple may have made more partnership agreements, but Stellar has a chance to reach more people than Ripple, the “bank-sold”, because the first is to reach consumers directly.
So, Ripple may have managed to win the sharks of the banking world, but Stellar’s unique partnership with IBM can help it get into the mainstream before Ripple does. That is why XLM has every chance of a massive introduction. And that's why we give a bullish forecast for this coin on 2018. Keep your pockets wide so that money does not fall by.