Stellar lumens (XLM) News – Does Stellar lumens (XLM) has the potential to outperform Ripple (XRP)?

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Up until now, in the cross-border remittances space Ripple (XRP) has been hogging the limelight. However, slowly but steadily, there is more fundamental news emerging about Stellar lumens (XLM) as well. This is increasing the focus of the investors on Stellar lumens (XLM. It remains to be seen whether it is able to perform steadily or not. Up until now, it has seen a rally but at the same point in time, it has been pretty volatile as well.

Does Stellar lumens (XLM) has the potential to outperform Ripple (XRP)?

In the last couple of weeks, Stellar lumens (XLM) not only broke into the top 5 cryptocurrencies by market cap but it managed to reach the 4th spot as well. However, it was not able to sustain at those levels. Currently, it has a market cap of $ 3.39 billion. It is ranked at the 5th position by market cap. One thing which is for sure is that it is garnering a significant amount of traction as well. Due to this very reason, it is rising slowly but steadily.

When you look at the charts of Stellar lumens (XLM), you will realize that it is forming higher tops and higher lows. Due to this very reason, there is an increased chance for Stellar lumens (XLM) increasing in the future as well. This will ensure that eventually, in terms of the returns it is able to outperform the other cryptocurrencies and Altcoins. If that happens, more and more investors will focus on Stellar lumens (XLM).

You need to also keep in mind that IBM is actually building it is a cross-border remittance payment system with the help of Stellar lumens (XLM). Once IBM is able to launch that system, it will be a huge trigger for Stellar lumens (XLM). This is one of the main reasons why Stellar lumens holds a lot of potential as well. You need to, however, understand that it is not immune to the current downtrend in cryptocurrencies. Today as well, it is down by over 10%. You have to keep this a risk in mind and thereafter only you have to think about investing in Stellar lumens.

Thus, Stellar lumens (XLM) might have a lot of potential but you need to understand the risk as well. Once you are able to understand the risks, thereafter only you can make an informed decision as to whether Stellar lumens (XLM) is worth investing or not. For now, however, it seems like it might outperform some of the other cryptocurrencies.

About Manish 352 Articles
I am an avid crypto lover and a electronics & telecommunications engineer by qualification. I follow the cryptocurrency & blockchain industry closely to focus on the latest news & developments.

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