Stellar (XLM)’s Constant Chase Towards Parity with One USD $1.00 Price to Likely Earn Coinbase’s Attention
As the world of traditional finance and cryptocurrency evolves, the only way to bring in customers is to find the best blockchain technology and the right fintech. The growth of any platform relies on it, though the way that the relationship between fiat fintech firms and cryptocurrencies has warmed up with digital currency.
Stellar, along with XRP, has become one of the most aggressive institutions to pursue blockchain-based solutions for these types of payments. Their entire effort is led by the partners it keeps, allowing their technology for payments to be used by a greater audience. They keep evolving their structure to help them expand in a way that makes them more appealing to collaborate with. Every time the Stellar platform brings in another firm to support their asset, their XLM token thrives.
Perhaps it is their continued progression that has some enthusiasts wondering if they are on the list for Coinbase’s addition. In July, Coinbase took to Twitter to tease that they would be possibly bringing in six new assets. At the time, they said that they were considering Stellar Lumens (XLM), along with Cardano, Basic Attention Token, Zcash, and 0z. So far, two of the coins have already been awarded that support, but it could be weeks before the others are approved and launched.
Since the annoucement of both ZRX and BAT, the new tokens have already seen impressive gains in a theory called the Coinbase Effect, suggesting that new tokens on this platform see a price increase because of their listing. Considering the speed of the XLM recovery during these types of surges, especially in comparison with the other coins, they will hopefully be one of the approved tokens.
Presently, as of 6:25pm PST on November 3rd, XLM is trading at $0.235700 with a 0.55% increase within the last 24 hours. The present market cap is $4,457,920,842, putting it at #6 of all crypto tokens, based on their market cap.