The team behind the Stellar Lumens project has been working really hard to make sure that the project is successful and expanding.
This blockchain is seen by a lot of experts and analysts as one of the strongest projects that are currently present in the crypto space.
According to Smartereum, there are also a lot of bullish predictions for the price of XLM, some of them suggesting that the coin could hit $50.
The online publication mentions that the Head of Partnerships for the Stellar Foundation, Lisa Nestor, recently made an announcement regarding a boost for the blockchain ecosystem.
During a new interview with Crypto Briefing, Nestor said that some of the Foundation’s most successful efforts so far have been in South America and Africa as well.
“In Nigeria, in Brazil and Mexico, there is a basket of companies that have the capacity to provide really good, local currency deposit and withdrawal services into the Stellar ecosystem,” she said.
She continued and explained that “though those companies might not be as big of a brand name as IBM, they’re really, really important to get the network to where it needs to be.”
The online publication mentioned above also makes sure to compare XLM to Ripple’s digital asset XRP which is definitely a better performer.
Ripple is Stellar’s direct competitor, and that’s why more analysts are looking at both these coin’s prices and comparing them.
Ripple’s blockchain project is seen by many as the most similar to the one of Stellar.
Both of the projects have been created by the same individual, but in the crypto market, the coins are not competing.
At the moment, XLM is not a match to XRP which is currently still occupying the third spot in the crypto market, unlike XLM which is positioned on the 12th spot.
ripple, stellar, xlm, xrp
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.
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