Stellar Lumens (XLM) Could Be On The Verge Of A Massive Breakout

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Stellar Lumens (XLM) is currently at a very interesting point where it can be expected to record massive gains from here on out. The last time Stellar (XLM) had a similar price action; it made a 33x move! As the current market correction draws to an end, Stellar (XLM) looks all set to lead the altcoin rally from this point. The question is, “What will trigger this massive rally?”

Stellar Chart With Values

There is an easy answer to that and there is a more complex answer to this. The easy and obvious explanation is that Stellar Lumens (XLM) is a lot like Ripple (XRP) in terms of price action. It has also had a similar correction. So, if the market were to recover from this point, Stellar (XLM) could be expected to recover most of its losses as well as mark new highs as part of the new altcoin rally. The trend line for Stellar (XLM) since the beginning of the year has held so far and points to green days in the near future.

The more sophisticated explanation as to why Stellar (XLM) could record such massive gains is the fact that Stellar (XLM) is Payment 2.0. It has one of the fastest transaction confirmation times of just a few seconds. Now, some might argue that this puts it close to Ripple (XRP), below Ripple (XRP) or above Ripple (XRP). However, the fact remains that Ripple (XRP) and Stellar (XLM) serve two distinct markets and completely different purposes. Stellar (XLM) is supposed to be a peer to peer payment platform to directly connect two or more parties. In other words, Stellar (XLM) empowers people to be their own bank and exchange value among themselves without the need for a middle man.

Speaking of middlemen, the purpose of Ripple (XRP) is to empower financial institutions that serve as intermediaries for online transactions and cross border payments. In other words, Ripple (XRP) wants to empower banks instead of the people. Perhaps this is why many in the crypto community see Stellar (XLM) as a better investment compared to Ripple (XRP), especially with the legal trouble Ripple (the company) currently is in as well as the future prospects and actual use of its XRP tokens.

Read more at: Crypto Daily

 

 

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