Stellar Lumens XLM: Reasons behind the potential to reach $10

Umme Haani
Umme Haani is a writer for Thecoinrepublic. she contributes a researched piece on cryptocurrencies and updates. Umme is an aspiring engineer who immensely enjoys writing and technical writing brings the best of both worlds under one roof for her.
  • The design of Stellar is outlined with the source code of Bitcoin. The platform provides real-time operating of foreign exchange transactions using Lumens XLM.
  • Like all other cryptos, this Stellar Lumens XLM also made high in January 2018.
  • Stellar is trading around $ 4.90. Still, some people think the coin can go up to $10.

The design of Stellar is outlined with the source code of Bitcoin. The platform provides real-time operating of foreign exchange transactions using Lumens XLM. This is a decentralized protocol. You can send money to anyone in the world, for fractions of a penny, instantaneously. Stellar works for any currency. Like all other cryptos, this coin also made high in January 2018. The coin touched the level of $59.47. After, the price of the coin fell gradually. Now it is trading around $ 4.90. Still, some people think the coin can go up to $10.

Stellar Lumens: What’s the buzz?

The Stellar project offers several special services like a decentralized exchange, desktop client, and token issuance. The coin also offers the Horizon API. You can build new applications by this API. Other usages for Stellar are Improvement of transactions’ security, Mobile reach for financial services, Automatic currency exchange, Micropayments within a business, Micropayments between private entities, and remittance sending. These vast technological functions have improved the prediction price of Stellar for years.

Stellar Lumens XLM has the unit micro currency Stellar Lumens. The coin has a low price per coin to be invested in significant numbers. The price of Stellar (XLM) started from $0.001 and crossed even $0.7500. Now it is trading around $0.0070. Moreover, the team of Stellar Lumen declared 60% of the South Pacific Island’s retail corridor and 30 banks will use Lumens. The Stellar (XLM) coin has a striking ICO platform. Any team of new crypto can use this platform for launching new projects. The founder of Stellar Jed McCaleb made a partnership with tech giant IBM in the blockchain.

At present, IBM and Stellar both are working together for isolated islands link the Pacific Ocean. That’s the reason behind increasing the price more than double. However, many experts are waiting for the level of $10, from the starting of last year and it is below $5.

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