Stellar Lumens is the twentieth largest cryptocurrency in the market. The cryptocurrency of the Stellar blockchain is known as lumens which operates with the ticker XLM. XLM token is considered one of the best projects in the crypto space. At the time of press, lumens stands at a price level of $0.33. In the current timeframes, the price of the cryptocurrency has been surging upwards with a 20% increase in the past seven days. The daily trading volume of XLM has shot upwards by 50% – indicating increased activity on the network. The network has a market capitalization of $7.92 billion. Is it a good investment?

What is Stellar?

Stellar is regarded to be similar to Ripple XRP but with a few tweaks and changes that sets it apart. Essentially, it is a decentralized protocol which enables the transfer of digital currency to fiat currency domestically and across borders. The blockchain was created by the Stellar Foundation back in July 2014. Stellar Foundation is a non-for-profit organization founded by Jed McCaleb. The total supply of the tokens was at 100 billion; however, the foundation burned half of it in 2019 for a price boost.

Stellar and Ripple’s code was similar initially; however, the creation of Stellar Consensus Protocol (SCP) due to a hard fork resulted in changes in Stellar’s blockchain. Now, Stellar is an open-source protocol while Ripple is a closed system.

The network connects financial institutions in order to make cross-border transfers cheaper and efficient but it lays more focus on developing markets. The vision of the network is to provide financial services to the unbanked population of the world. It is the unique altruistic vision which has garnered a huge following for the cryptocurrency.

Is it a worth-it investment?

TransferTo – a cross border mobile payment network – had partnered with Stellar to facilitate payments across borders to more than 70 countries. It is also the first cryptocurrency to obtain a Shariah compliance certificate for payments and asset tokenization which makes it acceptance in the Muslim community easier. IBM, Deloitte and Stripe are some of the other notable partners of Stellar.

Stellar’s blockchain is also powering a $17 billion remittance corridor between Thailand and Europe. Along with a few other financial institutions, Thailand will be connected to 27 countries in Europe with the help of Stellar. The remittance corridor is one of the most viable use-case of cryptocurrencies and with Stellar’s vision, the partnership is expected to boost XLM token.

The unique and altruistic mission of Stellar makes a good project to get invest in. With strong fundamentals, the long-term price predictions are also bullish for the cryptocurrency. According to the estimates of Wallet Investor, the one-year price of XLM stands at $0.53 while the price is expected to continue climbing upwards towards $1.54 in five years’ time. Digital Coin Price also has a positive future outlook for lumens. Per their predictions, the token will be operating at a price of $0.51 by the end of 2021 and reach to $1.21 by 2026.