Stellar lumen future12/5/2023 Using traditional methods, these remittances are costly, with transfer costs of up to 15% per transaction. Like I mentioned above, there’s clear evidence of this crypto’s utility when it comes to cross-border fund remittance.Īs the blockchain platform itself states on its website, foreign workers worldwide remit over $500 billion back home each year. However, since then, Stellar Lumens has become more than just an altcoin for retail speculators to gamble on. It hit its all-time highs back during the last crypto bubble in early 2018, before falling significantly in the crash that occurred later that year. But this altcoin has been around since 2014. Stellar Lumens Remains at the Ground Floor So, what does that mean for those buying today, in the hopes of another boost? It may take time, but this rising star could end up a long-term winner. It may waiting for it to become more ubiquitous before treating it as an investment, like it does with Bitcoin and are starting to do with Ethereum. That’s not to say the “smart money” is shunning it completely. 7 Biotech Stocks With Catalysts That Go Far Beyond Covid-19 Vaccines.A larger factor with Stellar having yet to break out is its current lack of institutional interest. But its use for this purpose has yet to become widespread. As I broke it down previously, XLM could be highly useful when it comes to international funds remittance. However, it remains far behind in popularity compared to Ethereum (CCC: ETH-USD), who some say is the altcoin that could one day supplant the leader of the crypto pack, Bitcoin (CCC: BTC-USD). 1).īut while near-term downside (barring another crypto correction) may be limited, what could fuel further gains in XLM? It’s gotten a fair amount of attention as of late. But, holding steady at around 40 cents, continued interest in cryptocurrencies may help it hold onto the rest of its 2021 gains (up more than three-fold since Jan.
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