If you still haven’t heard about Stellar (XLM), be prepared to. According to experts, it is one of a host of cryptocurrencies that is roaring popularity amongst the amateur and professional crypto traders.
As of today, the price of Stellar is 40% bigger which seems a lot promising for this cryptocurrency. With a market cap of $12 billion, Stellar has climbed to the eight place on the coin market, surpassing IOTA and DASH and getting closer to Litecoin and XEM.
If you are wondering what is Stellar and what are the Lumens, it’s simple. Stellar describes itself as a distributed and fully hybrid blockchain that allows transfers of value “for a fraction of a cent”. Very similar to Bitcoin, the cryptocurrency can work as a decentralized currency whose value is not based on anything tangible. Instead, its value bases on the amount that investors place on it.
Lumens are the units of currency in Stellar. One Lumen is one unit and has the shorthand name XLM on which the entire cryptocurrency is based.
The increase comes following a 95% decrease of the basic reserves of the gas-like digital asset which is Lumens. In short, Stellar may have a bright future to potentially become an Ethereum-like asset and a usable network with a decentralized exchange. So, the short term surge definitely looks promising.
However, we all know that Stellar, much like TRON (TRX) is part of the up and coming coins which are great for attracting newcomers because of their low price and most importantly, lower risk for investors who find Bitcoin inaccessible.
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