Price Prediction 2018: Stellar Lumens

Stellar Lumens, more popularly known as Stellar, is basically an open source network that makes digital asset transfers possible. It was established in 2014 by an Ex-Ripple cofounder. Last year, Stellar had a great year and amazing performance. At the beginning of this year, stellar still continues to grow slowly which makes it an ideal cryptocurrency for traders and investors.

What can help Stellar grow?

First, it is decentralized. Stellar runs an open ledger that allows it to stick to the basic decentralization principles. Also, Stellar made huge partnerships with some of the biggest players in the corporate world such as IBM and Deloitte. IBM is using Stellar’s network for cross-border payments with large banks. You can also go to their official website and see all of the partnerships Stellar made. Stellar has a large potential market too. Stellar offers live payments for users in Europe and the Middle East. When talking about Lumen’s distribution, since its launch 100 billion XLM were created. 5% of XLM is constantly held by Stellar.org for further operational costs.

What can prevent Stellar from going up?

Stellar has some strong competition. For example, Ripple is Stellar’s biggest competitor which is also one of the biggest players on the market. Also, one of the most crucial factors that could really negatively affect is the lack of widespread adoption. We just need to wait and see how Stellar will develop and differ from Ripple. Stellar is focused on operating in the developing world.

Stellar can fix the time it is needed to make transactions globally or domestically. It wouldn’t be a surprise if Stellar reaches $1 in 2018 and hit around $3 when the year ends. Of course, you should research for all the downsides of Stellar and make a decision whether to invest or not.