Stellar Lumens To Reach Top Five List Of Best Cryptocurrencies By 2019
Stellar is one of the most successfully launched cryptos in history, rivaling the greats. The co-founder of the company Jed McCaleb has helped take Stellar to one the top ten already in the digital currencies short lifespan.
Stellar has even been able to shake up some of the big name cryptos like Ripple, Ethereum and Litecoin. When it comes to the community’s popularity rating on each crypto, Stellar is on the same page if not line as these other monster currencies.
McCaleb, a programmer at heart, is not just the co-founder of Stellar, but also of Ripple. To say the least, the guy has some great experience under his belt. As of now, he is the Chief Technical Officer of the company, leading the breakthrough company down a constant road of success and fame. Typically, developers don’t stick around for long once a cryptocurrency is successful. But as for Jed McCaleb, he’s put the work in to be labeled as one of the top cryptocurrency specialist in the world, prove his dedication time and time again, by pushing Stellar to the top ten with the help of the rest of the team, hopefully not stopping until they reach the top 5.
Stellar hasn’t been around for very long, especially considering how successful the company already is. Lumens have seen rapid success, with the price climbing extremely quick to a full market cap of about $182 million to be expected before 2019 hits. In other terms, that means Lumens have will rise more than 1,700% before the close of the year. The company already has some of the biggest backers supporting it, with more new tech superstars finding their way to the organization one a regular basis.
What Is A Lumen (XLM for Short) Anyway?
To start, the token has been compared to Ripple’s token, minus all the setbacks and hassles that come with the coin. As mentioned already, it’s one of the top ten coins in the industry – holding some very high-end collaborations with technological leaders like IBM. As of now, crypto-specialists from all over the world area jumping on the Stellar band wagon – why? Because the coin is increasing in value at an incredible rate, while at the same time, the team is delivering exactly as they promised (something not all that common). Basically, it’s becoming one of the most sought-after coins in the industry, with new partnerships constantly occurring within the company. This is probably why the Lumen is expected to become one of the top 5 cryptocurrencies in the world by the end of the year, 2018. If you haven’t read into Stellar, then you can check out the specs below.
The Ultimate Guide To Stellar Lumens – XLM Tokens Crypto-Guide
Stellar Lumens have climbed in price faster than most other tokens with a total market cap of $4,369,877 USD it total value. That’ s hefty number for a relatively new token. The trade volume of Stellar is a whopping $34,126,000 USD in a 24 period, much higher than that of the thousands of other cryptocurrencies in the world, save tokens like Bitcoin and Ethereum to name a couple.
There is said to be 18,605,300,960 XLM circulating around the virtual world, with a total a massive total supply of 104,0235,824,182 XLM (Yes, that’s more than a hundred billion XLM in total circulation). Th current price in of the Lumen in United States Dollar equivalency is $0.23 per XLM token, not a bad price by any means – but still relatively low compared to the peak price of nearly a dollar at $0.91 on January 2rd, 2018.
There are some other noteworthy mentions on the token as well. We all known that network is called Stellar, the currency Lumens or XLM for short. It was founded in 2014 with a purpose to become the most important platform to connect banks to people and payment processors. Ultimately, Stellar wants to run the show on the transfer of money, fully integrating into the banks and processors to be the more reliable and affordable payment system there is. Lastly, Lumens cannot be mined, there is no way and new will be.
The Creation Of Lumens In A Nut Shell
Co-founder of the company started Stellar from a Ripple fork, releasing 100 billion Stellars to the market. Yep, they were called Stellars before they were called Lumens. Why did he do it? Because he couldn’t see eye to eye with Chris Larsen on the future of Ripple. Originally, he worked with Chris to start Tipple along with a few other programmers.
His purpose was to see the vast improvement of transaction speeds in the payment processing industry. He created Stellar as a non-profit organization, on a decentralized network that would distribute the tokens across the community of future users who would be most beneficial to helping Stellar become the company it is today. To clarify, Stellar is not where it is today by chance, the company has become successful as it is because of careful planning by the creators and community supporting its growth.
With a total circulating number around 104 billion, there are plenty of Lumens out in the world. Only about 18 billion of them are in circulation at the time of this writing. The features of the XLM are nothing to shake a stick at, with the potential to handle more than two thousand transactions a second, it’s an extremely reliable token. Plus, with speeds for transaction times only taking a few seconds, with five seconds being the max time seen so far – Lumens make trading very quick, which is good for a coin that cost next to nothing to trade.
You can also use Lumens for trading any other cryptocurrency or fiat currency on the planet, making Stellar Lumens one of the most universally accepted tokens on the market. Instead of using the PoW of Proof-of-Work protocol like similar currencies, Stellar operates on a decentralized network using the unique Stellar Consensus Protocol. The protocol is rather efficient, making for an extremely secure system that also relies on smart contracts requiring multi-signatures to verify transactions.
It’s likely that Stellar hit high numbers like this because of the people backing the team. What I mean is that it’s not only the core team that matters when launching a new cryptocurrency platform, it’s also the team of advisors who are providing feedback. Luckily, when it comes to Stellar, they potentially have one of the most advanced team of advisors in place to ensure the company moves forward with speed and accuracy, plus, is technologically superior to most other currencies.
Stellar has some of the best in the cryptocurrency industry. We’ve already mentioned Jed McCaleb several times in this article, one of the founders of Ripple. Also, being the founder of Mt. Gox, not only founding it, but leading it to become the largest exchange in cryptocurrency history. After selling Gox, and watching it go down the drain, he started Ripple as a co-founder, but wasn’t happy with the direction the company was going in, so he forked the currency and found Stellar. His resume holds the facts that he created or helped create three of the most successful companies in cryptocurrency history.
As if that’s not enough – Stellar’s advisors are made up of some of the most respected names in the online financial space. Let’s start with the founder of WordPress, followed by the CEO Of Stripe and president of Y Combinator to name a few.
Features Unique To XLM Lumens
The technical wizards behind Stellar have given it some very unique features, not found anywhere else. First, let’s talk about the Stellar Consensue Protocol – the system in place instead of the PoW, working the SCP as it’s called by most, gives Stellar an unprecedented level of security due to all transactions on the platform being verified by the members of the community, using no centralized network of any type. Transactions on Stellar only take a few seconds because of the SCP, being legitimate every time. Stellar is easily one of the fastest cryptocurrencies in the crypto-space.
Along with the SCP, there are Stellar Anchors, which fill the gap between the currency pairing that takes place on the exchanges. To explain it better, anchors act as a type of payment merchant when making transfers. They essentially work together to manage currencies so there is no need for a middleman like Stripe, Authorize or PayPal. The result is a financial processing system that is much faster and reliable than any third-party platforms out right now.
Stellar is simply different than other cryptocurrencies, there’s no spam on the network. The network is free from cyberattacks, and they can perform multi-currency transactions of any type in nearly instant transaction time-frames. All of this adds up the Lumen likely becoming one of the top five cryptocurrencies by the end of the year in 2018. It’s a great cryptocurrency gaining serious headway.