Will Stellar be a Good Investment in 2019?

in blockchain •  19 days ago

It’s been a stellar year, for the cryptocurrency Stellar, as an investment.

But if you are asking yourself if Stellar will be a good investment in 2019, we might be able to help you figure that out.

However, with the downward slide of the entire market, we cannot blame Stellar for its poor performance towards the end of the year.

Nevertheless, it made some serious headway and secured the 6th rank on the list, in mid October.

👉Stellar As An Investment: Worth Your Money?

Stellar is currently at number 6 on the cryptocurency ranking list, which is highly imppressive.

It is trading at $0.116287 USD and has a Market Capitalization of $2,228,371,970 USD at the moment.

It witnessed its all time high back in January, trading at $0.875563 USD. Since then it has dropped approximately by 87% in the year alone.

Unlike other cryptocurrencies however, Stellar has not dropped sharply in the year 2018. It has maintained some consistency as is clear from the chart below.

image

Source: CoinMarketCap

It has seen its fair share of ups and downs in the year 2018 but it is impressive that it managed to climb to position 6 on the rankings, despite the market slump.

👉Should You Invest In Stellar?

Stellar has displayed some impressive tenacity this year.

Stellar was designed as a payment protocol which has a lot of potential and high ambitions.

To begin with, it offers a high transaction speed, which allows it to procees 2000 transactions per second. Hence, each transaction gets validated within 5 seconds maximum

It is a largely decentralized cryptocurrency and it does not have a set number of validators, allowing the pool to incorporate more participants.

The cryptocurrency also has low costs compared to few of its other competitors.

👉Price Prediction for Stellar In 2019

All things considered, experts believe that Stellar has actual potential to become big in 2019.

One can expect moderate returns if they were to invest in Stellar at this point, but there is potential for development and greater returns in the long term.

Even amidst the bearish market conditions, Stellar has consistently grown. Going into 2019, we expect a bullish outbreak of the cryptocurrency.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Congratulations @hery0823! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You received more than 50 as payout for your posts. Your next target is to reach a total payout of 100

Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

You can upvote this notification to help all Steemit users. Learn why here!