What’s Going On With Stellar (XLM)?
Stellar (XLM); the project to connect payment systems, banks quickly at almost no transaction cost. Stellar has achieved a lot in the past, including a partnership with IBM, however, the digital asset has been struggling in the crypto space. In a move to possibly inspire a comeback, Stellar would be looking towards new innovations and possibly an update to its platform.
Atomic Swap on Stellar?
In the just concluded AMA session which Stellar and KIN (cryptocurrency) participated on a Subreddit platform, a lot of interesting questions were asked and answered about the future of Stellar, one of which is the possibility of integrating atomic swap into the Stellar platform.
Tomer, an Engineer from Stellar stated that the team is at the moment not aware of current automated solutions that support Stellar, impeding the Automatic swap process. He stated that there are plans for other manual swap mechanisms on Stellar which will require third-party escrows.
Lumens Now Available on Coindirect and Buybit
Getting listed on exchanges may not seem much of a big deal, but it is for Stellar. While cryptocurrencies like Ethereum are listed on over 400 exchanges, Stellar has listings on only 79. This, in turn, affects the liquidity of the asset.
Stellar Lumen (XLM) is one of seven cryptocurrencies recently added to the new peer to peer trading platform, Coindirect. There are over 30 cryptocurrencies available for exchange on Coindirect, with secured wallets for each. Coindirect is available world over with a secured system for exchanging digital assets.
With Coindirect’s new Isle of Man-based peer to peer platform, users can buy or sell XLM coins directly with another individual safely. Individuals can also buy and store Stellar Lumen in their wallets using their local fiat currency.
Asia has proven to be about the largest crypto market, and Stellar looks to exploit that to its advantage. Stellar is now available in India via the New Delhi based exchange, Buybit. Stellar Lumens (XLM) can be purchased using the Indian Rupees (INR) at Buybit. Perhaps the new listings should act to increase Stellar’s liquidity.
Price, Status, and Predictions for Stellar Lumen (XLM)
As at the time of this writing, the Stellar Lumens (XLM) is trading at $0.292 apiece, with a market capitalization of $5.422 Billion USD. The coin is up by 18.89% in the last 24 hours, resulting in a market capitalization increase of over $200. Stellar is ranked 8th based on cryptocurrency ranking.
Price predictions suggest that Stellar will experience an uptrend in the coming months, XLM to close April at $0.35. According to a report, 62% of Stellar respondents believe that the coin has shown great potential in recent times, and are willing to wait despite the fact that those potentials have died out.
What is Next for Stellar (XLM)?
Many have wondered what the answer to that big question is. However, Founder of the Stellar Lumens Jed McCaleb would be providing the answers to that. In an event hosted by BayPay, McCaleb would outlining the road that lies ahead of Stellar, as well as discussing his journey as Stellar’s founder. You can join the event “Thought Leadership” on April 19, 2018, in San Francisco, California.