Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.
Introduced in 2014, Stellar facilitates cross-border transfer of money through its decentralized blockchain solutions, with its native crypto XLM acting as the building block for its financial infrastructure. Targeted more towards individuals rather than institutions, the application facilitates the transfer of small amounts.
A simple platform, Stellar has become popular among users due to its user-friendly interface. It is also pretty fast in enabling cross-border transactions as quickly as within 5 seconds. Like all the blockchains, it is decentralized where nobody has complete control over the network.
Due to its increasing adoption, XLM is among the top-30 cryptocurrencies in the world right now, with a market capitalization of over $3 billion.
Where Stellar trumps other financial platforms is its low transaction fees which have drawn a huge number of cryptocurrency users to it. It is one of the few blockchain networks that has been successful in collaborating with large tech corporations such as Deloitte and IBM. Stellar, in partnership with IBM, launched a project that enables fintechs to engage in financial transactions using assets such as stablecoins.
Another prominent feature of Stellar is that it gives power to the community to decide what project(s) the blockchain should focus on.
We will now briefly give an overview of the key performance indicators of XLM such as price and market capitalization. We will then summarize what the world’s leading crypto-analysts have to say about the future of this currency, along with its Fear & Greed Index.
XLM’s
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