Bitcoin Is Booming - My favorite cryptocurrency: XLM
Hello people, so i am back with yet another favourite Cryptocurrency of mine which could be profitable in long-term holding . And the Cryptocurrency is non other then XLM.
About XLM
Also known as Stellar this is an open source decentralised protocol .
It was developed by Stellar Development Foundation.2014, Jed McCaleb, founder of Mt. Gox and co-founder of Ripple, launched the network system Stellar with former lawyer Joyce Kim.
Stellar was released as a decentralized payment network and protocol with a native currency, stellar. At its launch, the network had 100 billion stellars. 25 percent of those would be given to other non-profits working toward financial inclusion.src
Reason for Choosing XLM as an investment
1)XLM holds $3,959,116,726 USD as market cap and the total supply is 50,001,803,628 XLM .
2)It holds 11 th ranking in the Cryptocurrency ranking lists.
- XLM has a bright future movements which is expected to be highly profitable.
4)XLM also offers many advantages to banks, financial institutions and large organisations. It allows those to utilise its network to manage micropayments, reduce the transaction and remittance costs and increase the reach through mobile branches.
For How Long XLM should be held.
According to my personal opinion it should be held for a period of 5 years or more than 5 years as it will be highly profitable in future and the price is expected to reach its 3x.
Current Performance of XLM
From past two years the performance of stellar was poor but now from few weeks before stellar is performing strongly which is giving hope to the investors as well as attracting more and more new investors.Stellar’s native cryptocurrency, Lumens (XLM) in the prior week had traded around $0.065 where it had been held tight within a consolidation bout. In a bull streak, XLM rose to set fresh highs of $0.098 last Thursday.
This rally saw Stellar (XLM) bullish momentum it incurred in the last few days and weeks extended with its ripple effect spilling over into its market capitalization with an increase of over $600 million seen.
Future Prospects of XLM
According to me one should buy and keep the investment with long term investment vision asthe future prediction says XLM will be giving high profits so one should hold it rather then selling .
Other Cryptocurrencies preferred by me
Monero , sia coin , doge coins , ripple these are my other favourite coins as these coins have a bright future movements so one should definitely buy and hold them for future.
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Twitter link https://twitter.com/shuvo2675/status/13330740063185754770?s=53
Thanks for sharing you knowledge on XLM. I'm just learning of it from you. I thought 100 billion stellars is quite much for a start.
It's nice to know that people are predicting high profits for this crypto currency. It means that investing in this crypto currency is worth it. Based on this, I support your idea of holding XLM now rather than selling.
Nice post, thanks for sharing.
#onepercent #nigeria
Hello @shuvo27
Thanks for sharing this post on XLM. I think lots of cryptocurrencies need to be held now rather than being sold. That depends on the owner's current needs, his expectations and how much they bought it initially. Looking at the occurrences in the crypto space, lots of people are beginning to get in cryptocurrencies. There's going to be more adoption and more usage leading to more demand. The current prices of many cryptocurrencies will still go up.
This is my opinion.
#onepercent #nigeria #affable
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