The Crypto industry is no longer limited to Bitcoin or Ethereum; now, there are thousands of coins in different networks and block chains, each of which has its features. XLM is the native coin of the Stellar network developed by the Stellar Development Foundation, and there are many reasons for creating this network.
The stellar network is considered among the fastest and most efficient crypto networks, and the native coin has its worth according to the demand of the network. If you want to purchase XLM to trade and invest, you should choose KuCoin because it provides the latest crypto prices, including XLM price, and has extensive security features. It also provides riskless earning methods by which you can earn without any risk.
In this article, we will discuss XLM and its features. We shall also discuss its price predictions and whether you should buy it or not. So let’s get started.
What Is XLM?
Stellar Lumen or XLM is the native coin of Stellar, which is a decentralized payment network and the goal of the company is to create an environment in which everyone around the world can send and receive the transaction without paying high fees and long waiting times. Stellar is in partnership with major digital finance institutions that increase its worth several times.
Many crypto currencies are designed to replace the existing centralized financial system, but stellar aims to enhance the existing system by introducing decentralized payment. In this way, digital and fiat currencies can work together for a long time without needing replacement.
Stellar networks provide stable grounds, and many companies and firms use this network to build their block chain, apps, NFTs, or currencies. XLM has vast implementations and is also used for NFT minting and smart contracts.
The Future Of XLM
Although XLM is one of the worst performing crypto in the recent market fall, experts believe that the price of XLM might go high shortly. One of the main reasons for high hopes about this coin is that it is not in competition with any other block chain but is one of a kind. The coin aims to provide a secure and risk-free way of transaction without any fees, and many experts believe that the coin price may go between $ 1.88 to $ 7.75 until the end of 2025.
Is XLM A Good Investment?
Many experts consider XLM among the digital world’s most underrated currencies. The coin has real active uses, and it has done several partnerships, proving that this coin is not going anywhere soon. The network of XLM is growing and has increased by almost 4 times in 1 year. However, certain things might make it a bad decision for long term investment.
The coin is very similar to XRP by Ripple payment protocol, which has a much higher market cap and is much more popular. More than that, you can say that XLM is partially centralized. Stellar Development Foundation controls over 60 percent of the total XLM in existence, and it gives them a high chance to control supply and demand when necessary. There is no such thing as XLM staking, and the company controls node collaboration, so there are few chances of XLM going into an over-minting state that can reduce the price.
In this article, we have discussed the working and importance of the XLM coin. There are many risks and rewards associated with investing in XLM, but if you feel confident, you should try it. Stellar Lumen, or XLM, is Steller’s native coin. Stellar is a decentralized payment network, and the company’s objective is to establish an environment where everyone across the world can send and receive transactions without paying large fees or waiting long periods.
Stellar has partnerships with major digital banking institutions, double its value multiple times. The coin is best for a short-term investment, and there is no better place than KuCoin for short-term trading.
The platform has low fees and offers many features such as DEFI, a trading bot, etc. it provides the latest crypto currency news so that you never miss any opportunity to enter or exit the market.