My Bull Coin Of The Week: Stellar XLM

^{Screenshot From Coinmarketcap}

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XLM is one of my favourite coins. XLM Stellar Lumens is the oldest cryptocurrency out there. Stellar is an open-source network and this network works for currencies and payments. Actually Stellar is a network and the lumens is like blockchain's native tokens. XLM is used as their market abbreviation. So that is quite interesting and also knowledgeable.

There is a goal for this coin and they has a goal to bridge the gap between cryptocurrencies and fiat currencies, by using the best way of the two different worlds like fiat's wide adoption and the blockchain's decentralization, speed of transactions etc. It's a good project. They have not a roadmap like replacing fiat currencies but instead to bring it into the new era of borderless, almost instant and virtually feeless transactions.

Stellar's focus is on payments and tokenized Assets. XLM coin initially began as a fork of xrp. In past, the fifty-five billion of XLM was burned and the remaining thirty Billion XLM will finish vesting to the foundation. Stellar has also partnered with some of the financial institutions and also a few governments to develop central bank digital currencies. In early October they also announced their partnership with Moneygram.

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^{Price chart of XLM. XLM's All Time High price. Screenshot from Binanace}

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Stellar's announcement, roadmap and partnerships have been amazing but XLM's price doesn't look promising. From the past few months the price of XLM was quite stable or sometimes not and the price is a long way away from the all-time high.

This coin is currently in the 30th position in the top cryptocurrency according to the top cryptocurrency of Coinmarketcap website. There is so much potential left in this coin. And the coin that has a good road map and vision, the price of the coin is likely to increase well. So we could see price inflation soon in this coin and I am really hopeful about this coin.