Stellar Lumens (XLM) is a decentralized cryptocurrency that operates on the Stellar blockchain network. The cryptocurrency aims to facilitate cross-border transactions at a low cost and high speed. The Stellar network has been designed to connect individuals, institutions, and payment systems through blockchain technology.
Moreover, the Stellar network has also developed a partnership with IBM to offer a blockchain-based payment solution for financial institutions. This partnership allows IBM to use Stellar’s technology to facilitate cross-border payments between banks, which will likely increase the demand for XLM.
In terms of its investment potential, XLM has been in an ascending channel since 2019 and is currently trading at a favorable price. The coin has broken an important support level and is at its main and last support line, which suggests it has the potential to repeat the scenario it already did in 2020, where the price increased by +2958%. Furthermore, the current price of XLM is $0.07, with a growth potential of $1.70, representing a growth of +2273%.
If you are considering investing in cryptocurrencies, XLM is a coin worth researching further.
