The quotation of Stellar have an ally in 2018 compared to other cryptocurrencies. In fact, XLM appears in a very short list that includes the cryptocurrencies that companies like in 2018. While the market is undergoing a retracement after the collapse of the cryptocurrencies of the last sessions, the latest predictions on the XLM listing could give new impetus to the recovery of the price. As we write the price of Stellar today shows an increase of 25% (real-time data from CoinMarketCap).
In line with what happened in the last sessions, all the cryptocurrencies today are in strong recovery. The news that Stellar is among the cryptocurrencies that companies like in 2018 can precisely bring attention to the fundamentals and the particularity of this coin. To include Stellar in the list of 4 cryptocurrencies on which the big companies point is a report by Matteo Oddi of Exante. Exante is a European fintech company that made history in 2012 by launching the first Bitcoin fund in the world. According to the analyst, without thinking to the high volatility context that characterizes the digital currency market, many large companies have already activated agreements or pilot projects on some crypots.
Stellar Lumens has shown to be very active, turning mainly towards multinationals. In particular, Stellar has signed a partnership with KlickEx, a company specializing in foreign currency transactions in the Pacific area. The agreement between Stellar and IBM, a leading IT company, is also very important. The goal of the partnership is to “develop a blockchain solution for cross-border payments that can reduce transaction costs and increase transaction speed significantly”.
Not all cryptocurrencies are considered useful for this kind of agreements but all the digital coins that have ended up in the crosshairs of big companies have, for this reason, an important opportunity of growth. From the point of view of online trading, the XLM quotations could benefit from this particular interest. In the list of 4 cryptocurrencies on which the big companies point, there are also Ethereum, Ripple and IOTA.
It is obvious that the greater the interest of companies in cryptos is, the higher the level of legitimization of the virtual currencies that they like is. Now that everybody is talking about controls on cryptocurrency platforms, the appeal at large companies could prove to be a major factor.
However, regardless of these specificities, the appeal of the XLM listing can drag the price in 2018. At a time when all the cryptocurrencies today seem to want to recover from the collapse of the last days, look at the concrete to choose on which crypto investing can be a good trading strategy.