Stellar Lumen is among the crypto coins whose performance and progress has been a catch for new comers and investors in cryptocurrency. The project has marked a couple significant milestones since the beginning of 2018.
Today, the Stellar Lumens project hit the 1 million mark for active accounts, a long awaited milestone. In addition, the project has scaled its success to over 3,300 Stellar assets accompanied by $8 million in trades and $25 million in payments!
According to statistics, Stellar’s price action and fundamental value in 2018 has placed the coin at an attractive position within crypto. The crypto coin is among the cryptocurrencies that were recently mentioned for listing consideration on Coinbase. Crypto analysts have speculated the XLM lumens will be trading on Coinbase sooner than its peers under review too.
Stellar can attribute a large part of its success to partnerships and policies that have favored the project, two of these have been highlights in 2018;
Stronghold USD (IBM Backed Stable Coins)
IBM and Stellar are currently working together, quite a strong front given both dominate their areas of specialization to some extent. The former launched stable coins ‘Stronghold USD’ on the Stellar platform as they prepare to jump ship into the blockchain & crypto era.
Jesse Lund, current VP of IBM said that the company intends to explore the token created when asked by Reuters. He mentioned that existing business networks will be used to test feasibility in order to bring harmony within the finance and transactions space on the daily. IBM is a big player within the financial services industry hence the necessity for Stellar as a host for its WIP token.
Shariah Compliant Certificate
Stellar enjoys a perfect competitive advantage in Sharia compliant jurisdictions. As of now, other crypto coins are yet to venture into this potential market which might be oil-driven in Gulf countries. XLM crypto coins can be used today without fear of breaking any financial or religious laws!
Final thoughts on this 1 million active accounts project are its high probability of getting listed on Coinbase soon. Stellar’s prospects and fundamental value qualify the coin adequately. Therefore, it remains a top HODL for crypto lovers right now.