What Price Could Stellar Reach?

Stellar recently reached $0.229 and it is one of the boosters for the entire crypto market. Ripple is still behind Ripple but it is more important that it is now in a recovery process along with all major cryptocurrencies.

The San Francisco-based financial institution (Stronghold) recently revealed the launch of an asset-backed token on the Stellar network which is the first venture supported USD anchor in the Stellar network. The company also revealed the partnership with IBM in this project. So, it is more than obvious that Stellar’s 30% surge is more than just a coincidence, especially knowing that a giant like IBM is in the game – a factor enough to affect the rising price of this altcoin. 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.

One of the fascinating aspects of Stellar is that it has built-in smart contract protocols and they are the same protocols that helped make a test version of Ethereum’s blockchain through the Enterprise Ethereum Alliance. 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.