The competition in the digital currency market does not need a soft project. Any project that cannot keep up to standards and fight for its position will definitely lose it. The competition is very high and almost all digital currencies are fighting to be best cryptocurrency 2019. However, only a few have made it to the top, some are still switching positions as they are experiencing some ups and downs. One digital currency project with a lot of potentials but still struggling in the market is Stellar Lumens (XLM).
According to CoinMarketCap, the XLM USD price trend so far this year has been somewhat impressive. However, the stellar network still has a lot of work to do. Stellar Lumens price prediction 2019, Stellar Lumens news and the developments around the coin no longer drive adoption as it used to. The market is full of hot crypto projects that are bagging strategic partnerships, developments, listings, and other great achievements, such as XRP (XRP), Litecoin (LTC), Basic Attention Token (BAT), and several other projects.
Stellar Lumens News Today: Stellar Is Not Largely Recognized Despite Having One of the Best Algorithms – Stellar Lumens Price Prediction
Stellar Lumens has been struggling to retain its position on the list of top digital currencies on CoinMarketCap. At the moment, the digital currency is at the tenth position on CoinMarketCap. While other popular digital currencies attract a lot of attention, Stellar Lumens doesn’t seem to do so. This has raised a significant level of concern and Weiss Ratings now wants to know why. Weiss Ratings recently tweeted that Stellar has one of the best consensus algorithms but is not largely recognized. The followers of Weiss Ratings gave some possible reasons why Stellar Lumens is not widely recognized, here are some of their responses.
This is one of the issues contributing to the issue of Stellar Lumens not being largely recognized. Stellar has been battling with some issues in its consensus system. The consensus algorithm of the network was brought down once by three nodes within the network. The users were upset with such an event, saying such a thing doesn’t occur in other blockchain projects such as XRP (XRP).
Stellar Doesn’t Market Hard
One of the responses to the tweet of Weiss Rating pointed to the fact that Stellar Lumens doesn’t put much effort into marketing its platform. According to the commenter, this is one of the major reasons why stellar has failed to gain mainstream recognition.
Digital Asset Investors Don’t Have Much Confidence in Stellar
This is the opinion of another user. The user said, recently, the confidence of digital asset investors have not been inspired by Stellar Lumens. The users said the situation is even worse since the blockchain is run by Jed McCaleb, the same person that ran Mt. Gox – a digital currency trading platform that was riddled with scandals.
Stellar Lumens needs to step up its game in order to remain relevant in the digital currency space. The project truly has some great potentials, but those potentials aren’t just going to manifest themselves.
Stellar (XLM) Price Today – XLM / USD
At the press time, XLM USD live price is $0.1220 after a decrease of about one percent over the past twenty-four hours. The current market cap of the digital currency is $2.36 billion. The trading volume of Stellar Lumens over the past twenty-four hours is $373.42 million