Should You Invest in Stellar in 2023?

What is #Stellar?

Stellar is a #crypto-currency that was born in 2014 by some great exponents of the #tech sector.

Among the founders are Joyce Kim, venture capital veteran and Jed McCaleb, creator of eDonkey: famous P2P file sharing platform.

Supported by the Stellar Development Foundation, initially it was born as a fork of the Ripple Lab protocol but its code soon undergoes a complete update.

Thanks to this update, Stellar uses servers to approve transactions, which take place every 2-5 seconds and every change is recorded in the public registry with the same speed.

This feature makes Stellar a crypto currency with very fast transaction times.

Stellar was created in order to offer financial services (such as money transfers, exchange of cryptocurrency and micropayments) based on a token called Lumen (XLM).

It is certainly not the first cryptocurrency created for this purpose, but its particularity lies in its mission: to promote the fight against poverty and offer financial services even to those who do not have access to traditional banks.

Its technology makes it possible to automatically identify the best possible exchange rate during a specific transaction and this ensures very low transaction costs.

Its features have enabled it to reach a market cap of over $850 million at the time we are recording this video, ranking thirteenth among the world’s largest cryptocurrencies.

He also recently formed a partnership with IBM, which will use the protocol to create a cross-border payments management system.

This system aims to reduce transaction times from one country to another and is already attracting the attention of many financial institutions on a global scale.

What influences the price of Stellar?

1. Bitcoin again. As already said in the previous video the trend of Bitcoin, inevitably influences the crypto market as it has the largest market cap and this has a certain cascade effect on other cryptocurrency.

2. Since it comes from the Ripple Labs protocol, many investors could consider the two currencies linked and therefore a price change of one could affect the other.

3. Its adoption by financial institutions could increase its price due to the mass-adoption effect.

So investing in Stellar is worthwhile?

As we always say, before investing in a crypto currency it is good to acquire as much information as possible.

In addition to the information we have already given you, we have gone in search of the most authoritative market forecasts in the world and have collected them here for you. As we speak, Stellar is worth $0.047.

– According to Walletinvestor, the price of Stellar could reach $0.0165 towards the end of 2023.

– LongForecast conducted a technical analysis of the currency and predicted that Stellar will reach $0,028 by the end of 2023.

– Beincrypto.com even goes so far as to predict a value of $45 by the end of 2023 based on the analysis of XLM’s historical chart.

Where can you buy XLM?

You can decide to

– Buy XLM
– Trading with XLM

If you decide to buy, we recommend that you do so by purchasing at least $100 of XLM on Coinbase (see links in description).

Coinbase is the world’s most secure cryptocurrency purchasing platform and can also be used as a digital wallet.

If you want to trade we recommend you to use the eToro platform (see links in description).

Why eToro?

eToro is a company that has been operating in the trading market for over 10 years and is fully regulated and adheres to the strict guidelines of CySEC, FCA and ASIC.

Because all trading involves risk and eToro wants its clients to make smart investment decisions, the eToro platform offers a wide range of responsible trading functions.

Beginner traders will receive support for their first online trading operations and experienced traders will benefit from risk management features that will help them trade intelligently and responsibly.

Should You Invest in Stellar in 2023?

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Kane Dane