Stellar (XLM): Will This Bring More Joy Or Pain?


One fact about Stellar (XLM) cryptocurrency is that it operates in units known as Lumens. These Lumens are part of the digital currency Stellar network.

Its founder, Jed McCaleb, launched the Stellar payment network 4 years ago. Since then, it has had ups, and downs. However, according to recent data, its official website shows a positive graph of Randos per week.

In a nutshell, this graph showed the number of people talking about XLM every week. This shows that it has experienced significant growth.

Getting Started With Stellar (XLM)

Due to an increased number of cryptocurrency exchanges and markets, getting Stellar lumens is not difficult. Once you are aware of risks associated with cryptocurrency trading, you can get Stellar Lumens on exchanges like Binance, and Bittrex.

As of now, Stellar has eleven wallets. According to your preferences, you can choose either of the 4 mobile wallets, 4 desktop wallets, or the 8 web wallets. You can get your wallet now.

Stellar Takes Part In The Future Of Blockchain Technology

The 5th March 2018 might be one of the most iconic days of Stellar. Stellar and eToro will have a FinTech week meet up. Mr Omer Reshef is the head of Rise Tel Aviv, a company that gives the network to develop FinTech businesses. Rise Tel Aviv will also be part of this meetup.

On the other hand, eToro is a social trading investment network. Jed McCaleb, the co-founder of Stellar (XLM), alongside Yoni Asia, the C.E.O of eToro, invited people to join the FinTech week.

The event is set to take place for 2 hours in Tel Aviv. Visitors are expected to settle in 15 minutes after 6 pm. After that, the founder of Stellar, Ripple, Mt. Gox, and Edonkey2000, Jed McCaleb will make a presentation. This will be as short as 15 minutes.

Then, the C.E.O of eToro Yoni Assia will also make a 15-minute presentation. The main agenda will be to discuss future innovations and trends in Blockchain technology.

Attendees will also have a chance to ask and get their questions answered. As seen with other cryptocurrencies like NEO, its conference in Asia attracted media attention leading to a significant growth afterward.

According to cryptocurrency economics, it’s advisable to buy cryptocurrencies when prices are still low. This way, you can gain more profits if the digital currency surges. However, the future of Stellar Lumens lies on the effectiveness of execution in their developments.

The Future of XLM

Surprisingly, Stellar (XLM) had only two major goals in 2018. First, to develop SDEX, The Stellar Decentralized Exchange.

Secondly, its Development Team plans to integrate a stronger lightning network. Besides, it confirmed to have contacted Bitcoin developer Jeremy Rubin, to help XLM achieve its lightning goals.

As a result, it will probably increase its scalability and security. The SDEX development will reportedly bring cheap rates between assets and low trading fees.

This is not investment advice. Cryptocurrencies are highly volatile assets and are very risky investments. Do your own research and/or consult an investment professional before investing. Never invest more than you can afford to lose. Never borrow money to invest in cryptocurrencies.

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