Stellar Lumens13 Jan 2018 14:09
If there are two digital assets unlike any cryptocurrency in existence today, they have to be XRP and XLM. The latter is also known as Stellar Lumens, another asset designed to modernize the financial sector. we have seen the Stellar price mount a somewhat strong comeback. Although it has been a bumpy ride these past few days, we now have a Stellar price of US$0.65 once again. It is still too early to speak of reaching a new all-time high in the near future, but anything is possible at this stage. It is uncanny how both the Stellar price and XRP�s price tend to go up at the same time, even though they are two separate projects which share a similar goal. Many readers will be very familiar with bitcoin by now and probably even ethereum and Ripple�s XRP, but one increasingly popular cryptocurrency that might have escaped them is Stellar Lumens (XLM).Stellar, the company behind Stellar Lumens, has created a distributed, hybrid blockchain that is fully open-source.The infrastructure was launched in 2014 to facilitate cross-asset transfers of value, including payments.Essentially, the technology can move money across the globe quickly, reliably, and for just fractions of a cent using its crypto-asset called Lumens, or XLM, as a bridge. This gives the alt-coin a market capitalisation of over US$11 billion, roughly equal to that of insurance giant QBE Insurance Group Ltd (ASX: QBE).
Whilst this makes it one of the larger cryptocurrencies out there, it still pales in comparison to bitcoin, ethereum, and XRP.These three have market capitalisations of approximately US$231 billion, US$117 billion, and US$81 billion, respectively, at the time of writing.