Stellar was founded by the same creator of Ripple, and it is set to have a huge year this year and we are here to tell you why.
Stellar has been going through a cup and handle formation which is simply where you see the price rise and then fall, creating the cup, before the price breaks out, which is what creates the handle. It is when it hits the handle, which is what the virtual currency is in now, that it is the best time to invest in the cryptocurrency. Experts are expecting the value to shoot up over the next couple of days as it breaks out of the handle. Again, those in the know are expecting Stellar to increase in terms of market capital, becoming one of the most popular coins of 2018.
One important fact regarding Stellar is that it has a strong consensus community support. If you want a product to succeed, it is so important to have an audience that is engaged, which Stellar has.
The founder of Stellar is very well known in the cryptocurrency business, and as a result, he knows what the people are looking for. He has also created, Ripple, which is currently the 3rd most popular cryptocurrency in terms of market capital, so it is safe to say that he knows what he is talking about. The difference between the two currencies is mainly that Stellar takes a far more decentralised approach than Ripple, and is well on its way to becoming one of the biggest virtual currencies in terms of market capitalisation.
They pride themselves on being scalable, secure and adaptable. So, if you are looking for a new virtual currency to invest in, Stellar really is a great choice. Just like with any investments that you make, it is always best to go off and do your own research into the currency, but it is definitely one to watch throughout 2018, that’s for sure.
Credits for the article goes to cryptodaily.co.uk