In the cryptocurrency world, digital currencies come up with lots of new developments every day. Stellar (XLM) is one. On their official website, The Stellar Development Foundation promises to move money at a quick, authentic, and moderately priced fee. When a cryptocurrency ranks among top ten in a niche with cut-throat competition, you should definitely like to hear more about it.
Stellar (XLM) was founded by Ripple’s developer Jed McCaleb, and Joyce Kim. Besides, Stellar runs on a blockchain technology programmed in high-level computer languages like C++, Java, and the mighty Python. Since a combination of these programming languages work like nobody’s business, you have a reason why the digital currency ranks eight. All in all, here are the latest developments about Stellar (XLM). These new events are the reason behind the rising expectations.
Lightyear.io Launch – According to a top cryptocurrency publication, Stellar launched a project to drive away partnership interests. As can be seen, many oligarchs are gaining interest in cryptocurrencies. The new program is set to maintain and improve the existing ecosystem, without outside interference. Through a blog post, XLM founder Jed McCaleb promised that the innovation would increase the productivity of stellar network. If this project, lightyear.io becomes successful, Stellar investors might get themselves to a new level in the cryptocurrency world.
The 350% Run – It is statistically impossible to compare stellar (XLM) with Ripple. As cryptocurrency prices change every minute, we expect massive surprises. In the recent past, XLM had a price curve that moves as up as 350%. With over 18.5 Billion XLM coins, around 17% are in circulation. For this reason, many cryptocurrency tycoons know stellar as economical. It’s highest peak was $0.93, hit earlier this year.
Price News – Even though XLM coin prices are still way below, the coin managed to shoot by over 20%. The price went high as soon as Stripe issued a notice that it may offer support for Stellar in the future. Stripe is a payment processing company, which provides services for the Internet business. Last Wednesday, Stellar investors noticed a 59-cent increase.
Stellar (XLM) past month graph has been promising. Stellar revolved around average to high. According to Cointelegraph, like it’s predecessor Ripple, Stellar still has a potential future. Nevertheless, there is no reason whatsoever against buying it. As long as the prevailing conditions exist, the team behind Stellar (XLM) proves there is a potential future in the virtual currency.