A while ago, the Stellar Development Foundation in collaboration with Coinbase announced that they would be launching a Stellar airdrop. This is part of a new program by Coinbase that is aimed at educating the masses about cryptocurrencies and rewarding them for their effort. This Coinbase Stellar airdrop was just one out of the many airdrops hosted by the Stellar Development Foundation to promote the XLM token and boost the Stellar Lumens price 2019 and beyond. In another article, we talked about how the Stellar airdrop would impact the Stellar Lumens price prediction 2025. Now, Coinbase has expanded this program and it has attracted a mixed response from members of the cryptocurrency space.
Stellar Lumens Price Prediction 2019 – Stellar Lumens Price Prediction 2025 – Stellar Lumens News Today – Coinbase Expands Its Program
Recently, Coinbase announced that it has expanded its “Earn” program to over 103 countries within the United Kingdom, United States, Europe, Canada, Australia, etc. The program isn’t open for all. Only those who are invited can participate in the program. Part of the blog post was as follows;
“Coinbase Earn enables Coinbase users to earn crypto for answering quizzes, completing tasks, and trying new decentralized protocols. Asset issuers likewise use Coinbase Earn to teach people how to use their new cryptocurrencies and blockchain projects. Earn opportunities are currently publicly available for Stellar Lumens (XLM), ZCash (ZEC), Basic Attention Token (BAT), and 0x (ZRX), with many more coming soon.”
Coinbase said that as time passes, more tokens will be added to the program. However, participants must pass the required verification process before they can participate. Shortly after the initial announcement was made, the co-founder of Stellar, Jed McCaleb, said that this program is the best for educating millions about the use cases of Stellar Lumens on a global scale. Since the program is based on invitation, only real and unique users will be able to participate.
Stellar Lumens News Today – Stellar Lumens Price Prediction 2019 – Stellar Lumens Price Prediction 2025 – Current Price Of XLM
At the time of writing, the price of Stellar Lumens XLM was $0.133427. This means that it is down by 4.06% against the USD and down by 2.75%. The trading volume over a 24 hour period is $478,606,820 and the market capitalization is $2,563,583,033. To be fair, XLM isn’t the only cryptocurrency that is currently suffering from bearish pressure. Almost every cryptocurrency on CoinMarketCap is currently in red.
Stellar (XLM) Price Today – XLM / USD
The Stellar airdrops will help to increase adoption of the token. This fact can’t be disputed. However, by releasing free XLM tokens regularly like with the Coinbase Earn program, the Stellar Development Foundation is increasing the circulating supply without appropriate demand. This may be a good thing now but it can also have a negative effect on the Stellar Lumens price prediction 2025 and beyond.
What do you think about the Stellar Lumens news today? Will the free XLM tokens eventually lead to a drop in price? Share your thoughts in the comment section below.