After a disastrous year of cryptocurrency performance, most of the traders and investors are only investing in the mainstream cryptocurrencies. A new entrant in the top 5 list is stellar lumens (XLM). It recently broke into the top five list. The question which remains is whether Stellar lumens (XLM) is worth investing.
Can Stellar lumens (XLM) be the dark horse investment?
At the same point in time, it can be argued that if the cryptocurrency markets turnaround viciously, Stellar lumens (XLM) can gain even more. One of the main reasons why Stellar lumens (XLM) is gaining and remains sturdy is because there is finally some fundamental news which is propelling Stellar lumens (XLM) higher.
Once it is able to launch such a product, more and more companies will be looking to use the blockchain of Stellar lumens (XLM). This will indeed help it gain more clients as well. This is one of the main reasons why investors and traders alike are trying to figure out if it is worth holding Stellar lumens (XLM) over a longer period of time. Currently, the market cap of Stellar lumens (XLM) is $ 4.6 billion. It is still approximately 25% that of Ripple (XRP) which offers better solutions in terms of cross-border payments to various companies.
If the volumes across the blockchain of Stellar lumens (XLM) increase due to the product which is unveiled by IBM, it can easily lead to a rally in Stellar lumens (XLM). By recovering swiftly and limiting the down low, it has definitely shown strength. That is why investors are trying to figure out whether this strength is an indication of an impending rally when the cryptocurrency market conditions finally improve. It certainly seems so but when the cryptocurrency market conditions will improve, is actually the most puzzling question right now.