There is a wide variety of Stellar wallets available. Multicurrency wallets are handy if you use several coins at once. But if you hold only Lumens, you can choose a specialized variant for this coin, the reliability of such mono-wallets is usually higher.

In this article, we will consider in detail the online service Stellar Web Wallet, note a few more options for XLM coin storage and give recommendations for choosing the best wallet.

Stellar Online Wallet

We are pleased to introduce you to one of the most convenient online storages for XLM. The wallet is accessible directly from your browser, so there is no need to install additional software.

The secret key for the wallet is held exclusively by the user and it is important to pay extra attention to protecting the key storage location from viruses and Trojans that can steal the key file and the application password.

Registration and wallet menu

Follow the link https://stellarwallet.co and click “Creating a new Stellar wallet”. 

In the next step you will get a warning and advice on how to use the wallet, press “continue” to generate the keys:

At this stage also carefully read the recommendations and save the generated keys. The first key is the address of your wallet, the second is a secret key to access this wallet:

Here you click on the “copy keys” button, check the box below and then click on the “close” button.  

Your wallet is successfully created, now on the main page, click on “Login to Stellar wallet with a private key” and follow the instructions to log in.

Go in and see that the wallet is not activated yet. You need to deposit at least 1XLM to start using the wallet.

You can top-up your wallet by sending the required amount and specifying the public key of your wallet, which you saved when creating a wallet. It is also available in the main menu of the wallet. You can click the button in the control panel to copy the public key to the clipboard. Also by clicking on the button “Receive” you can get a QR-code of your public key. After the activation of the wallet you will be able to transfer coins.

As you can see there is no difficulty in creating a wallet. The wallet is chosen for its accessibility and ease of management.

Other XLM wallets

Stellar Web Wallet is, by far, not the only wallet for storing Lumen tokens on the Stellar platform. Here is a brief list of the main features of competing projects:

• Ledger with the Ledger Nano hardware key, allows you to forget about any security issues when using Stellar Wallet and other similar applications. You won’t lose access to your funds even if the device falls into the wrong hands, and the encryption algorithms allow you to securely store your private key – it doesn’t leave the device, but at the same time provides absolutely transparent support for transaction signing in many popular cryptocurrency payment systems.
• Stronghold is a web service that maintains high security standards and provides access to your Stellar account and address from anywhere in the world where there is internet. The service offers minimal fees to customers and a detailed API to developers.
• StellarTerm is a desktop client. It supports currency exchange and gateway trust setup with equally high security requirements.  StellarTerm provides client access to distributed trading and differs only in design and minor details of the gateway trust algorithm.
• Astral is a web service that supports two-factor authentication and simultaneous work with several Stellar addresses.
• Stellarport is another desktop client for Stellar. Functionally it isn’t inferior to two previous ones (except ICO section), but it supports authentication with Ledger hardware wallets. The intuitive interface of the trading platform can please those who haven’t managed to figure out a similar solution in the Stellar Web Wallet.
• LOBSTR is a cross-platform application, with support for Android and iOS smartphones. Simple and clear enough interface, but functionally limited only to storage and transfer of XLM tokens. Great for those who plan to invest in the main token system, but don’t expect to participate in exchange transactions and use the potential of the gateway system.
• Stargazer is a mobile cross-platform application. Unlike LOBSTR, it works with gateways and provides access to the turnover of various assets. It supports multi-signature procedure for transactions, which opens new perspectives in the use of Stellar tokens.
• SAZA is a desktop client running on Windows and macOS. Full access to gateway functionality and decentralized exchange. Allows you to place your own offers for buying/selling assets and supports simultaneous work with a large number of Stellar addresses.
• Centaurus is a mobile application that knows how to work with gateway assets and, of course, transmit and receive payments in the Stellar system. An interesting feature of the program is the support of cross-currency payments between participants, which doesn’t require a preliminary manual conversion of one asset into another.
• Papaya is a cross-platform Stellar wallet that works even on such exotic operating systems as FirefoxOS or the outdated Windows Mobile. It supports point-to-point trading and access to Federation Server functionality, which means gateways and exchanges that cooperate with Stellar.
• Interstellar is a web client and mobile application for Android that supports hardware wallets to access user accounts. Allows you to participate in the decentralized exchange and establish gateways trust. Also works with all Federation Server networks, in addition, customers are initially available to top-up with cryptocurrencies, thanks to the presence of its own gateway.

How to choose a Stellar wallet

As you can see, with the development of wallets that support Stellar, there is no problem, but there is a problem of choosing the best solution of all existing. It is impossible to recommend any one application as the best and most functional, especially since the competition between them forces developers to make constant improvements and refinements that introduce new features for fast and secure transfer of money in the payment system Stellar.

And yet, if there is no desire to participate in a decentralized exchange or the ICO procedures of in-network projects – it is quite possible to choose a web service or application that provides only storage and transfer of XLM tokens. On the other hand – the gateway system allows finding unusual trading strategies with a variety of assets, and if trading on the exchange is the initial purpose of investment, then the capabilities of the decentralized payment system and trading platform Stellar may be enough to form an investment portfolio and profit from trading on the difference between fiat and cryptocurrency instruments rate.

No matter what kind of cryptocurrency you are interested in, you always need a reliable trading platform to make transactions. Among other things, you can find a candidate of this type through platforms that give you access to cryptocurrency trading. Platforms use a variety of specialized partners that allow you to buy and sell cryptocurrencies.

With that trading partner on your side, the next step can be initiated: buying the cryptocurrency itself. It should also be noted that not every cryptocurrency is directly available. Many, especially small options, are only available through other cryptocurrencies. You should plan for this before choosing a cryptocurrency that can only be reached through devious paths to invest in.

Stellar Lumens – Overview

Lumens characterizes the Stellar network. Without Lumen’s active participation, the crypto network would not function at all. Lumen itself is comparable to Bitcoin. Ultimately, Lumens represents the actual cryptocurrency of Stellar Lumens. For example, with Cardano, you can also see that ADA is an actual linked cryptocurrency. On the other hand, Cardano itself is a system or network that serves as the basis for all transactions.

With a market capitalization approaching $5.8 billion and 25.58 billion XLMs in circulation, Stellar Lumens stands out as an altcoin candidate worth watching.

The primary goal of the Stellar payment network has always been to connect banks, payment systems and individuals faster and more reliably than was possible with conventional channels.

The lumens serve two important roles:

• On the one hand, they are responsible for making sure there is no “spam.” Accordingly, commissions are charged for each transaction.
• On the other hand, lumens help with payment transactions between certain currencies. For example, lumens can be used to exchange U.S. dollars for euros in order to make exchanges more efficiently and with lower fees.

Ultimately, both of these basic functions are not great miracles, so the principles associated with them are known for other cryptocurrencies. Nevertheless, the exact interpretation of these principles differs between the cryptocurrencies involved.

Stellar Lumens as a recommended investment?

As with almost all other altcoins, the degree to which Stellar Lumens can dominate Bitcoins matters. The cryptocurrency is not currently the smallest of its kind, with a market capitalization of about $5.8 billion, but it is equally unrewarding for its size. First and foremost, true fans and those interested in cryptocurrency should be interested in speculating with Stellar Lumens.

Along the way, you might want to keep an eye on what roadmap Stellar Lumens comes up with for 2023. Based on the goals presented therein, you can better assess what kind of attention this particular cryptocurrency might get next year.

In addition to these individual characteristics and accomplishments, watching the cryptocurrency market as such is undoubtedly also crucial. With the overall growth of bitcoins, many of the larger crypto representatives are also benefiting. If this is the case, you may find that many new investors are entering the cryptocurrency market. Such situations are worth their weight in gold for traders who are already active, and it only takes attention to jump in on time.

If Stellar Lumens continues to successfully meet its goals and if the general attitude toward cryptocurrencies does not deteriorate too much, XLM should probably offer a good opportunity for speculation if you also want to bet on the smaller cryptocurrency representatives.

Likewise, success cannot be guaranteed. Thus, the fact is that Stellar Lumens has struggled to set a reasonable rate in the recent past. The cryptocurrency has been in a downward spiral since its last major high in 2021. Crypto traders who were already involved may have found it painful. If you haven’t already invested, such huge recovery phases also provide an opportunity to enter at a relatively low price.

No direct recommendation to buy Stellar Lumens can be made – such recommendations are often invalid and misleading in any case. Nevertheless, you could benefit from keeping this cryptocurrency in sight, at least as a secondary to be able to intervene in time when in doubt.

Conclusion

Finally, Stellar Lumens offers an interesting technical network that could offer real added value to the real economy in the future. Until then, however, cryptocurrency speculators should remain calm, at least temporarily. Because of the subdued price dynamics, Stellar Lumens has been virtually unable to move in a positive direction lately, which puts possible investment projects at a disadvantage. Be careful not to enter this cryptocurrency too early, and don’t miss the chance to enter at the bottom.

“We will create mechanisms that will be of interest to both the market and the state”

In April, the founder of the bitcoin agency KUNA talked about all the benefits of implementing blockchain technology in the automotive industry. Even now, blockchain technology is being actively incorporated into government mechanisms and processes of large enterprises, which is having a tangible effect at some stages of operational management. They also talked about the practical application of cryptocurrencies in the banking sector and the reasons for issuing national digital currencies, as well as the use of digital money.  

These are undoubtedly big steps forward for the cryptocurrency world, and undoubtedly the introduction of the blockchain in the automotive sphere will bring significant benefits to both manufacturers and their customers.

Stellar: a peaceful revolution in the financial ecosystem

What is Stellar: a decentralized payment system, a platform for ICOs, smart contracts management, or a habitat for central banks’ own cryptocurrencies? One can only envy the ambitions of a project supported by IBM and ready to compete with the financial giant SWIFT. But these aren’t just words, today the Stellar platform already operates digital national currencies, and the system is used by a huge number of private users and businesses. 

The day is not far off when automakers will start adopting blockchain technology one by one, and Stellar is currently the most promising candidate to meet business needs. 

Is e-money licensing a key attribute for a competitive business space?

Economists’ opinions are divided when it comes to cryptocurrencies in the global economy and the real sector. Many see no future in digital money and predict the collapse of cryptocurrencies, believing that the economy can only exist on established canons. 

And others are keeping up with the times and not only accept changes but also contribute in every way to the development of blockchain technology – consulting with developers, speaking at conferences and explaining to the world why cryptocurrencies have a huge future.

Despite this, experts believe that we should not rush with government regulation and let the crypto world develop in a free space. After all, any regulation generates restrictions that can hinder the evolution of technology.

Conclusion

We are now witnessing a massive expansion of blockchain, and very soon we may see crypto technology in the auto industry. When that time comes, we will laughingly remember how skeptical we were about blockchain a few years ago, sometimes just not understanding what it is.

DeFi platform on Stellar impresses with new update

Stellar refers to the native DEX (decentralized exchange) Lumenswap. Lumenswap (LSP) is the first fully decentralized AMM trading platform on the altcoin blockchain. The LSP’s own DEX token is used to control the platform, for example with a DAO.

In an official tweet, DEX announced the launch of a new protocol called Smart Order Routing, or SOR for short. This should further increase the profitability of the crypto exchange. As a rule, the protocols in Stellar Lumens rely on Horizon API. Its task is to find the best prices for token swaps and profitable mining, but it isn’t entirely efficient in this respect. Automated market makers on Stellar (XLM) should achieve much better results with this new protocol.

To achieve this goal, the protocol analyzes the liquidity statistics of all pools on Lumenswap (LSP), trying to find the most profitable exchange pairs. It then reroutes this order to several pools, which may contain other swap pairs. What this is can be read in the swap details. A simple click on the rainbow SOR button is enough.

For a while, the rate of XLM reacted positively to this news, but soon the price of XLM coin dropped due to the overall bad mood in the market. At the time of writing, the value of one coin is $0.11.

The Stellar consensus model was developed to meet the needs of the real world

A few years ago, Stanford University professor David Mazires developed a blockchain system that is a faster, more flexible and secure counterpart to Bitcoin. The Stellar Consensus Protocol (SCP) fits well into the existing model of business agreements.

In the Stellar blockchain, as in the real world, each participant chooses who to entrust the information to. Participants in a transaction don’t need to use the entire network to validate it. Instead, each transaction participant and trusted users form what is known as a quorum slice.

Nevertheless, participants can belong to an unlimited number of different “quorum slices”, the intersections of which are called “quorum intersections”. Such quorums allow for stable and safe system-wide agreement.

Transferring money should be as easy as sending email

Stellar users can link their wallet address to their account ID. It turns out that instead of using a long, hard-to-remember wallet address, you can use an email address or some short word to send cryptocurrency A similar service exists in the Ethereum network and is called ENS, but unlike Ethereum, this Stellar service is completely free.

It won’t be long before you and I witness email providers integrate the Stellar payment system into their platforms, which in turn will allow cryptocurrency wallet addresses to be combined with users’ email names. Thus, in the near future, users will be able to send digital tokens in a simple and affordable way to anyone in the world who has email.

Transaction security

В свое время основатель блокчейна Litecoin Чарли Ли заявил следующее:

In his time, Litecoin blockchain founder Charlie Lee said the following:

“The fact that Gavin Wood, the creator of the Solidity programming language himself, is unable to create a secure cryptocurrency on Solidity confirms once again that the Ethereum blockchain is a ‘paradise’ for hackers.”

Most blockchain companies are not known to require complex smart contracts, which are at high risk of hacking. All transaction security measures must be respected when it comes to large corporations.

Stellar’s blockchain provides security by restricting access to untrusted users without the Turing-complete system. The developers of the network have given the payment system a broad functionality while reducing the threat of hacking.

Liquidity of network tokens

It is known that in order to ensure token liquidity, it is necessary to place it on several cryptocurrency exchanges, which in turn is very costly from a financial point of view. The Stellar platform has its own decentralized exchange, which is integrated into the platform.

This suggests that tokens created on the Stellar blockchain can be traded on that exchange the day they are created. Thus, this solution allows building a fairer ecosystem in general.

Documentation and technical support

One of the main developers stated that “the work with Stellar’s documentation was above and beyond praise. So it’s worth noting that the documentation, as well as the support from the community, is presented at a very high level. Everything is clear and simple.

The large number of Stellar blockchain developers and other community members makes it possible to resolve any issue that arises in no time, thanks to lively discussions and a desire to help. This explains the desire of banks and financial institutions to build a payment system based on the Stellar network.

A properly set goal

Stellar’s blockchain is an amazing combination of things like low fees, high performance, and constant improvement in technology, with transaction fees collected to keep the network running. According to blockchain testing, the Stellar network can safely process about 1,000 transactions per second. The average time to process a money transfer is 3 to 5 seconds.

Work is currently underway to improve and scale the network, which will eventually allow for more transactions per second, as well as a reduction in processing time.  It is important to note that ad technologies require high performance and scalability of the blockchain, which is why new product development teams choose the Stellar platform.

Also, the integration with Blockdaemon allowed the developers of Stellar to expand their toolkit, which further ensures the easy deployment and management of the blockchain-enabled platform.

Strong team

Platform’s team is composed of the best experts in cryptocurrency, fintech and security. For example, co-founder Jed McCaleb pioneered p2p file exchanges, created the first Bitcoin exchange, and co-founded Ripple. The list of other team members includes blockchain pioneers such as Greg Brockman, Sam Altman, Dan Kaminsky, Patrick Collison, Kate Rabois, and many others.

Stellar mission

The Stellar network is primarily aimed at moving into the global financial sector of the economy. The platform offers the latest innovations from the world of blockchain and fintech. While other blockchain startups take years to solve today’s problems, the Stellar platform already offers a ready-made, high-performance solution.

There are many such blockchain products on the market, but only a few offer broad functionality. One of such promising technologies will be the focus of this review, in which we’ll look in detail at what Stellar Lumens cryptocurrency is and what the prospects are for its development.

An improved version of Ripple

Stellar (XLM) is not another Bitcoin competitor, but an entire ecosystem with its own token, exchange and wallet. Launched in 2014 as an offshoot of the Ripple blockchain, the network is an improved and more reliable version of its predecessor. The main goal of the project is to ensure the availability of financial transactions, reduce bank costs and increase business profitability.

Ripple developers are often accused of getting too carried away with making money on the exchange rate and abandoning the project. On popular forums, there are more and more accusations in the direction of the company’s management, which has full control over the platform due to the closed program code. There are rumors that the founders manipulated the XRP exchange rate for their own benefit, undermining investor confidence in the project.

In 2015, Joyce Kim and former Ripple employee Jed McCaleb conceived of eliminating the problems described above by creating a new technology with its own protocol and open source code. In this way, Ripple has a strong competitor with a quality product and a clean history.

Unlike Ripple, where the company’s capital is controlled by its owners, Stellar is decentralized. The developers founded a non-profit investment fund, so it’s safe to say that the funds go to the development of the project and not to the needs of certain individuals, as happens in case of Ripple.

In addition, the creators of XLM are trying to pay more attention to the product itself, as evidenced by numerous agreements with large companies. When the team announced a partnership with IBM, hardware and software manufacturing and supply leader, the Stellar cryptocurrency added about 500% in value in less than a month and then skyrocketed from $0.21 to $0.91 in just one week.

Ripple’s “killer” surpassed Ethereum’s blockchain

If you compare Ripple and Stellar in terms of fundamental and technical analysis, you can see that their charts from 2014 to the present are virtually the same, although independent of each other. The competitors develop their products in the same field, which is probably due to the similar movement of exchange rates. As statistics show, the value of cryptocurrencies is very much influenced by news about their management and promotion of the company. Here XLM has a significant advantage.

In addition, the number of uses for Stellar is much larger. And although Ripple cooperates with financial giants like Western Union and Santander, it is still unknown whether the new products that this company is testing will be approved and integrated. As for Stellar, the platform can even be used for ICO. In this way, the company poaches the audience of Ethereum, which uses the more complex Solidity programming language when writing smart contracts.

Stellar’s blockchain, in turn, is based on the popular C++, which simplifies the process. It is the broad applicability of the new technology that has enabled it to take a leading position in the crypto industry. According to Coinmarketcap rating, today Stellar cryptocurrency occupies the 28th place by market capitalization.

In addition to IBM, the developers have partnered with MoneyGram, SatoshiPay, Exch.one, Klick-Ex, Mobius, HashCash and so on. Also, with the growing interest in CBDC, financial institutions in many countries prefer to develop their own digital currencies based on Stellar.

Functional characteristics of the cryptocurrency

Apart from open source and scalability, Stellar has a wide range of features. In particular, it has a high transaction confirmation rate and allows thousands of transactions per second. In addition, the platform has a built-in decentralized exchange and a specific algorithm, so that users get the currency they are interested in.

Mining is not provided in the network and the issuance is strictly limited. After the launch of the fork, all issued coins went into circulation at once – 100 billion XLM. Subsequently, the management decided and burned half of the coins, so now the volume of all coins in the system is 50 billion.

Coin distribution:

• 5% of the volume was allocated by the Stellar Foundation for technology development.
• Lucky holders of BTC and Ripple share 20% of assets (taking into consideration the amount of these currencies on their balances). Bitcoin holders get 19% and Ripple investors only 1%.
• The other 25% of coins are distributed through non-profit organizations in order to involve as many users as possible in the system.
• Another 50% of tokens are distributed to participants who have registered on the official website of the project.

Stellar Lumens cryptocurrency: is it worth investing?

Definitely, yes. According to experts, crypto winter is not a permanent phenomenon and soon the bullish trend will appear again on the horizon, and the price of the coin, thanks to the conclusion of new partnership agreements, can increase at least twice. But do not hope for huge profits in the short term, because the cryptocurrency is more suitable for long-term investments.

Despite its broad functionality and profitable partnerships, experts’ opinions on Stellar Lumens differ. Some analysts believe that the value of tokens will reach at least $0.5 in the third quarter of 2022. Others argue that the rate will not exceed $0.3 until the end of the year, and the mark of one dollar will be crossed only in a couple or three years. But the cryptocurrency Stellar is still one of the most promising investments this year.

DogeCoin

It’s hard to find a person in the crypto world who doesn’t know about Doge currency. So first, a little bit about Dogecoin – it is a decentralized platform that is easily scalable. As a result, the coin is ideal for use by companies of all sizes. Unlike many cryptocurrencies, Doge is supported by the community. A large number of users have contributed to the currency, which has a limit of 132,670,000,000 coins. As the popularity of the Doge coin grows, so does the demand for this digital asset.

It was originally intended to be a transactional currency rather than a long-term investment. Doge has become a solid investment option and is in high demand among investors. High-volume trading is also a key driver of its price growth. Although some crypto analysts consider this rally is fluctuating, the currency’s growth can be attributed to several factors such as the lack of a miners community and weak security. As a result, it is vulnerable to attacks.

DXLM and Stellar

Now let’s talk about Doge Lumens. Doge Lumens is a currency based on the Stellar network and it has appeared relatively recently. Its users can exchange assets such as cryptocurrencies with other users. It is an effective way to save cryptocurrencies.

Consequently, it is a great investment for both beginners and professionals. The community has a strong team of followers among a variety of people. The platform is also supported by a strong international network of companies. Its users can exchange and share their funds with others on the platform. This means it’s a great tool for businesses to make payments. Although the currency is not fully decentralized, it could become the most popular cryptocurrency in the world. In the long run, thanks to the support of the cryptocurrency community, Doge Lumens could become more popular than its recognizable competitor.

The power of Stellar Blockchain makes it an ideal cryptocurrency for use in everyday life. With this decentralized network, users can exchange currency in order to buy or sell anything. The transaction fee is only 0.00001 XLM. It is convenient and free to use this currency. The power of Stellar Blockchain makes it a viable currency.

The power of Stellar Blockchain is a boon to any digital currency, not just Doge Lumens. It’s a great way to transfer money between people and makes transactions more secure. Unlike traditional currencies, the network is highly decentralized. This means that every blockchain payment is fully traceable and easily accessible.

DXLM inherits all the advantages of the Stellar platform, which radically distinguishes this coin from DogeCoin and makes it much better. Doge Lumen’s owners do not need to think about security as Stellar developers have already taken care of it and created one of the safest and most scalable algorithms, Stellar Consensus Protocol.

By the way, the cryptocurrency Stellar or, as it is also called, Lumens, with the ticker XLM, was created to add movement to the network. All transactions in the network must use Lumens, which is necessary to maintain stability.

As of August 2022, it has a market capitalization of $2.8 billion. The platform is run by Jed McCaleb and the Stellar Development Foundation. Initial funding was provided by Stripe and other organizations.

Conclusion

One last thing to mention. Given the popularity of Stellar, we can safely talk about the promising future of Doge Lumens. While this coin stays less-known,  its price makes only $0.0001, and it’s time to think about purchasing, because everyone remembers what happened with DogeCoin when this coin was noticed.

Do your own analysis, evaluate your possibilities and make the right decision. Have profitable investments!

Ledger Live is a unique platform for managing funds stored on Ledger devices. With the advent of this platform, it has become much more convenient for device owners to use their funds. Note that the security of funds has remained at the same level and today it is the safest way to store cryptocurrency.

This is a big step for SDF in popularizing theirs network and the influx of new users. Now, every user who owns a Ledger hardware device can safely make transactions in the program’s online interface.

The reach of Ledger is tremendous and there is no doubt that with the integration of USDC, users are gaining unique benefits when transacting with USDC. One of the fastest growing digital coins combined with the uniqueness of the Stellar platform offer users:

• instant transfers

• international transfers with fees costing a penny
• support for a huge number of well-known projects

In addition to Ledger Live, USDC coins are supported by Ledger’s line of hardware devices:

• Ledger Nano S
•  Ledger Nano S plus
•  Ledger Nano X

Stellar evolution

The Stellar project never stops evolving and the SDF team is doing everything possible to ensure that users get as many benefits and advantages as possible.

Platform’s ecosystem has dozens of world-known projects and many small solutions used by tens of thousands of users every day, which makes Stellar one of the leaders in cryptocurrency transfers.

XLM Skyrocket

The Stellar Lumens logo features a rocket. Perhaps this fact has become a kind of symbol of the rapidly gaining popularity of the coin. Do not take it for real, but the coincidence is there. In 2017, Stellar surprised and delighted many participants as much as Ripple. XLM jumped 500% in less than a month, after which the cryptocurrency soared in value from $0.21 to $0.91. This skyrocket did not go unnoticed. Thousands of people became millionaires within a short period of time.

Currently, amid the collapse of the cryptocurrency market, the price per 1 coin is fluctuating at $0.10-0.13. In general, the entire cryptocurrency market is now in a correction. There is a little volatility well-defined. Something is growing, another one is falling, but the overall market picture allows to see that whole crypto downfalls significantly from its historical maximums.

Many experts reckon that the market will be captured by a new wave of growth in in prospect. Not for nothing, there are more and more cryptocurrency users coming to this sphere. People take out loans, sell cars and invest in crypto, hoping to catch their cent, which probably can rise in value.

If Stellar Lumens is currently correcting, what does the future hold?

Stellar Lumens Forecast

As we are not psychics, we can’t talk about the future of XLM cryptocurrency for sure with 100% certainty. But, having analyzed the opinions of many experts, having read hundreds of websites about XLM and having clear examples from the cryptocurrency market, we can make the following conclusion: Stellar will grow till the end of the year as it has all conditions for growth. That is, it is worth buying at the moment. Why?

There has been a recent trend in the market: crypto gets cheaper at the beginning and grows by the end of the year. This has been working for several years, that’s the fact. This situation is not only with cryptocurrencies, but in many other financial areas as well. It is also the case with the stocks of various companies, bank securities.

If you look at the calendar, you can see that it is the middle of the year. Accordingly, there are reasons to believe that the correction ends. Thus, cryptocurrency is at the mid end.

According to many experts, Stellar Lumens cryptocurrency specifically is expected to grow strongly during 2022. Someone predict a mark of $0.5, another one predicts $1, and one resource has even met the forecast of $ 5-10.

It is impossible to confirm the exact figure, because it depends on many factors, the main of which is the signing of contracts with new partners. And they will undoubtedly be, the question in its quantum.

Nevertheless, no matter how much Lumens increases, it will increase. That is, it will be more expensive than now. Counting the profits if you purchase Stellar Lumens now, perhaps you will remember this day in the future.

But, the decision purchasing cryptocurrency should be made by you consciously and deliberately. We do not recommend investing your last money in XLM. You need to invest an amount that you will feel comfortable investing.

This would be an additional step that would allow all MoneyGram customers to use Stablecoin and convert them to fiat currency using the Stellar blockchain, which would deal a significant blow to Ripple.

Stellar and MoneyGram together

The case is relatively simple to understand. On the one hand, indeed, we have one of the most important companies in the world for transferring money, on the other hand, the Stellar network, which can offer logistical and technological support for cryptocurrency transfer.

All complemented by the ability to convert them into cash and back on demand. At least that’s what MoneyGram CEO Alex Holmes confirmed to Bloomberg News in an interview. According to him, the world of crypto and fiat money are not yet fully compatible, and they would like to act as an intermediary to facilitate the transition from one world to the other for their customers.

Remittances that are typically transferred by migrants and sent to their home countries will be made in USDC, a stablecoin based on reserves rather than algorithmic-type mechanisms. This will be more than welcome, especially after the recent collapse of Terra Luna, which also has interesting legal implications when the Korean authorities summoned employees.

This is very good news and quite an interesting situation for Stellar, which in general is struggling with the excessive power of Ripple in this sector, in particular with the XRP coin, which has a great support from banks.

The importance of the news for Stellar?

This is great news because it is an additional partnership with a large group that will increase the volume of processing on its network. An important sign of strength, including trading, which could also affect the price of the token.

Let’s see how quickly the collaboration project between Stellar and Moneygram, which has already started with a pilot program and is adding updates to the collaboration today, will be developing.

The cryptocurrency world, despite the bearish market phase, is far from dead. We can see how cryptocurrency projects continue to evolve and explore new horizons.