Stellar Lumens (XLM) Will Not Finish Last
There is news circulating in the Crypto-Verse that the founding principles of Stellar Lumens (XLM), will prevent it from Mooning. Some say that the coin has a too noble of a cause to expect any drastic gain in value in the various crypto exchanges.
Below are the explanations I have found on the web of such an argument.
Firstly, the organization behind the coins is a Not-For-Profit company known as Stellar. Its web domain even ends with .org. The main objective of the organization is to connect people to low-cost financial services to help fight poverty and develop individual potential. This goes without saying that the XLM coins must be stable in the markets, to facilitate such a cause.
Secondly, there is not enough buzz around the coin in the social media space when you compare it to TRON (TRX), Ripple (XRP), Litecoin (LTC) and even Bitcoin (BTC). It is very rare for you to find a hyped news story behind XLM. But that is alright, there need not be. Because XLM will rise like the Phoenix! Albeit at a slower rate.
The third and final reason is that Stellar Lumens (XLM) has shown no action in terms of gaining coin value in the various cryptocurrency exchanges. Stellar Lumens were distributed around September 2014 at $0.003. The coin is currently trading at $0.63. That is a percentage increase of 20,900% since inception. A time period of 41 months.
Ethereum, which showed up around August 2015 on the exchanges, has had a percentage increase of 35,325% to date. This is a time period of 29 months. If XLM were to grow at such a rate, it’d be valued at around $1,413, but this is not the case.
But this does not mean that XLM will not succeed on the exchanges. It will rise steadily in the exchanges and aided by the fact that the holders of the coin are very much in tune with the vision of providing equitable economic conditions that will help fight, and eventually eradicate poverty.
Stellar Lumens (XLM) is currently at number 6 with a coin market cap of $11,306,965,163. The circulating supply is 46% that of Ripple and currently stands at 17.87 Million XLM coins. Ripple is currently number three on XBT.bet and currently trading at $1.36.
In my opinion, XLM is doing what Ripple is doing with cheaper transactions but with a noble goal of having that capability accessible to everyone through open-source software. Ripple, on the other hand, has proprietary software such as xRapid being used by banks.
Actually, both Ripple (XRP) and Stellar (XLM) were founded by the same person: Jed McCaleb. I tend to believe that once he created Ripple.com in 2011, he realized there was a need for fast, efficient and affordable payment services for the less privileged in society.
If XLM were not so generous and philanthropic, the value of the coin would most likely be twice that of Ripple at $2.72 given that XLM’s coin supply is half that of the popular Ripple.
However, things are starting to look good for Stellar. Traders have noticed the relative stability of the coin in the markets and more and more people are adding XLM in their portfolio: myself included. I believe XLM will reach the much anticipated $1 later this year, and $2 by mid next year.
This is because more and more people are really understanding the founding principles of the coin. They have noted its stability and gradual, yet admirable, increase in value.