Stellar's Active Accounts Now Exceed 1 Million In Users As XLM Coin Use Case And Value Looks For Boost

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.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,482FansLike
2,795FollowersFollow
4,266FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Ethereum ‘Getting Ready for Spadina' Testnet Next Week

The Spadina testnet of ETH 2.0 has been scheduled for genesis before the month ends, on September 29 at 12 pm UTC, as per...

KuCoin Hack: Exchange’s Insurance Fund to Cover User Loss “Completely,” Tether Freezes 33M USDT

The Singapore-based cryptocurrency exchange KuCoin released a statement regarding detecting large withdrawals on September 26, 2020, at 03:05:37 (UTC+8). The exchange has reportedly lost $150...

Crypto Custodian, Anchorage, Adds Support for DeFi Tokens: BAL, NXM, AAVE, UNI, and YFI

Anchorage, the Delaware corporation headquartered in San Francisco, California, and digital asset custodian for institutional investors is diversifying its DeFi token options for its...

Coinbase Wallet Targeted by New Trojan Malware Dubbed ‘Alien’

The Coinbase wallet is among 226 Android applications targeted by a recently discovered Trojan dubbed ‘Alien.’ This malware mostly targets the financial services space...

Barstool Sports Dave Portnoy Sold $1.25M Worth of his Bitcoin Stash But He Will Be Back

After buying the top and selling the bottom, Barstool Sports Dave Portnoy appeared on Anthony Pompliano’s podcast on “The Pomp Podcast” to discuss bitcoin...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today