Stellar is rocking even after the New Year Party ends. It has been moving up the charts and having a wrestle round with Ripple. Beginning at 32 cents and reaching all time high of 90 cents, now it is hovering around 75 cents.
Talking about Stellar, it is an open-source distributed, hybrid blockchain project and help sin cross-asset transfers of value, including payments. The Stellar Network forms open-financial network were all the factor – people, payment networks, or banks have equal access. Sounds whole lot like Ripple, because it is.
Created by Ripple cofounder Jed McCaleb, Stellar was initially a fork of Ripple but later, it was extensively rewritten.
Lumens (XLM) are the currency that powers Stellar, and in last 24 hours. $800 million lumens were traded on exchanges. That’s says so much about where Stellar is headed.
Some feel Ripple and Stellar are in head lock and not wrong in thinking. But Stellar still has better chances in other areas.
Stellar is worth $13 billion cap, is still debatable. But this can be true for many other cryptocurrency that are lurking in top 10 range and can take a hike or have a high time.
After BItcoin dominated for months, altcoins are surging their way into the market and making their value worth buying and HODLing.