Now is the time to buy Stellar – and store it in XLMwallet
We told you last time that this would happen — and it did. After the first wave of panic, the crypto market started going up again. XLM is still cheap, so don’t miss the chance to stock up your XLMwallet!
Here at XLMwallet, we don’t just work on new features for our wallet. We are also keeping track of the price movements — because we are Stellar investors, too.
As you remember, a couple of weeks ago all crypto prices started falling fast, together with the stock market. As usual recently, the coronavirus was to blame. But we already pointed out that fundamentally crypto isn’t dependent on geopolitics and traditional markets. It can react in panic for a short while, but then it invariably goes back to its own internal drivers.
After Bitcoin lost half of its value and fell below $4700, it only took a few days for it to bounce back. As we are writing this post, it’s already $6600.
And what about Stellar? It’s also growing, but more slowly. Here’s the chart:
As you see, after a huge drop on March 13, Stellar managed to win back most of its losses. In fact, it gained 21% in just 10 days. Right now it’s worth roughly $0.04 for 1 XLM.
It’s not as cheap as it was 2 weeks ago, so if you didn’t buy XLM back then, we’re sorry! (We did buy on the dip, by the way, because we believe in Stellar.) But you can still make a good investment if you buy XLM ASAP.
In the next couple of weeks, we’ll probably see the price of XLM move within a channel. After that, we expect to see stronger growth, possibly by another 15% or more. XLM’s dynamics is usually more contained than that of BTC. So while we are waiting for a strong breakout of Bitcoin, the increase in the price of XLM will be smaller.
What should you do once you purchase Stellar? Obviously, put your coins in a safe place — that is, XLMwallet. It’s the easiest and most secure way to store XLM and any other assets issued on Stellar.
Sometimes our users ask: how can it be safe to keep crypto in a web wallet? The thing is, your coins are much safer with a well-protected app like XLMwallet than in a desktop wallet. Why? Because the biggest danger to your coins is actually… you!
Most coin losses happen when people lose their wallet seedphrase/private key. The second most common cause is when users save their private key in an unsafe location. For example, many just store it in a notebook app on their phone or send it to themselves by email. If anyone steals your phone or hacks your email box, they will get to your key instantly.
With a web wallet, you’ll need to remember your password, of course, but it’s not as hard as memorizing an alphanumeric string! So you can actually store the password in your head, without saving it on your device.
Besides, XLMwallet uses only top-grade servers located in the leading European data centers. Their premises are under constant surveillance — both electronically and physically. So you don’t need to worry that the wallet will get hacked on our side. We regularly identify attempts to attack us, but nobody can get through our shield.
To recap: buy Stellar coins while they are still cheap and store them in XLMwallet — the safest, most user-friendly Stellar wallet out there. In a few months, you’ll see that you did well to increase your XLM investments — you can thank us for our advice when you count the profit!
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