Stellar moves up the charts, set to displace Litecoin spil the market price recovers strongly.
Stellar (XLM) staged a stronger recovery after a few days te the crimson on the crypto markets. XLM bounced more sharply, turning into the fattest top Ten winner ter the past day.
The XLM market price has not yet managed to cross the $1 milestone for a longer period, and with a price around $0.52, merienda again becomes an attractive digital asset.
At the beginning of , the major multiplicador behind the rise of XLM is popularization and attention. A previously overlooked asset, now Stellar has lined up with other platforms, ter a bid to take a part of the ICO and distributed app market.
Stellar has bot more visible compared to Sways, and leads platforms like Stratis with several ICOs already finished.
Next update Eighteen jan rate will pump on Eighteen till 6000 sats pic.twitter.com/75601cjkDG
Little is known about the potential of Stellar to take up the KIN token, which is at the ogenblik a rather obscure digital asset tied to a well-known mainstream tech company, Kik. Hosting this token may give reserve boost to XLM.
The other big boost for XLM and its exposure to international investors is the Binance toneel. While investors may find it more difficult to trade on Bithumb, Binance has built up a broad user saco, and has taken up more than 12% of the trading volumes for XLM.
The Stellar Decentralized Exchange has a patchy spectacle, with better and worse days. At this point, decentralized exchanges have bot touted spil the solution to regular exchange overloads, high fees and involved verification processes.
But at the ogenblik, the Stellar DEX mostly trades the MOBI token from the Mobius ICO, securing liquidity for a still unknown digital asset.
Despite the presently low prices, some see XLM spil remaining a major cryptocurrency, possibly achieving the status of Ripple (XRP) and taking overheen Bitcoin. But right now, those predictions are a bit far-fetched. The market still reels from the January sell-off, and XLM still has to revisit levels near $1.