Stellar Lumens News Today – Investing in Stellar Lumens is risky just like investing in any other cryptocurrency. The cryptocurrency industry is volatile and mostly unpredictable. However, it’s also a high reward market. In our previous Stellar Lumens price prediction 2019, we noted that the price of Stellar Lumens XLM is going to surge significantly before the end of the year. While there hasn’t been any significant surge in price yet, Stellar has gotten a spike in adoption. Things like the Stellar airdrop, Coinbase Stellar relationship, and other moves by the Stellar Development foundation have contributed to increasing adoption for Stellar. Is Stellar worth the hype? Is Stellar Lumens worth the investment? How high will Stellar go?
Stellar Lumens News Today – Stellar Lumens Price Prediction 2019 – Stellar Lumens Latest Update
In the cryptocurrency space, the only cryptocurrency that is a strong threat to Stellar Lumens XLM is XRP. This is because the XLM was created by one of the co-founders of XRP to be better than XRP. It is a banker’s coin just like XRP and its developers want the Stellar blockchain to reinvent the international remittance sector by providing cheap and fast financial services to interested parties. While Stellar Lumens isn’t as popular as XRP, the project is still promising.
Stellar (XLM) Price Today – XLM / USD
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The Stellar Development Foundation, targets the unbanked members of developing markets. These developing countries are perfect for promoting adoption of cryptocurrencies like Stellar Lumens XLM. Even if the Stellar Lumens token is down by more than 90% from its all-time high, our Stellar Lumens price prediction is bullish.
Earlier in the year, Grayscale, a cryptocurrency investment firm, announced that it was going to invest heavily in Stellar. This investment helped to increase the credibility of the Stellar Lumens network and the XLM token. Stellar has also gotten the attention of other big companies like Shift, Deloitte, Stripe, and IBM. The deal with IBM was especially intriguing because everyone was expecting IBM to use Ripple for the project but IBM decided to use Stellar. The partnership between IBM and Stellar Lumens isn’t limited to one deal. There are rumors that IBM may use the Stellar blockchain to incorporate the XLM token into the Australian government corporations. There are also rumors that the IBM is building a Stellar based stablecoin.
Stellar Lumens News Today – Stellar Lumens Price Prediction 2019 – Stellar Lumens Current Price
At the time of writing, the price of Stellar Lumens XLM was $0.129764. This means that it is down by 0.14% against the USD and down by 2.21% against BTC. The trading volume over a 24 hour period is $295,464,108 and the market capitalization is $2,518,490,109. There are many Stellar Lumens price predictions out there and most of them are bullish. However, only time will tell. These predictions place the price of XLM between $1 and $45.
While Stellar Lumens may appear like a good investment, you need to proceed with caution because the team behind stellar holds more than 80 billion XLM out of the total supply. This raises centralization concerns among the Stellar Lumens community members. People are worried that having such a significant portion of the XLM controlled by the team is not ideal for a decentralized network.
What do you think about the Stellar Lumens price prediction in our Stellar Lumens news today? Is Stellar Lumens XLM a good investment? Share your thoughts in the comment section below.
Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.
