You can still make a good profit if you buy Stellar now: a forecast from XLMwallet
The coronavirus pandemic may have caused the huge crash in the crypto market in March, but it didn’t cause any lasting damage to Stellar. The new quarterly report from the Stellar foundation shows very strong growth. This is one more sign that you should increase your XLMwallet portfolio!
We’ve already said this more than once: it’s time to buy more XLM. The coin is a great buying opportunity right now. By summer, when the market starts growing after the halving of Bitcoin, the price of Stellar will grow, too, and the opportunity will be gone.
Stellar Foundation has just published its quarterly report, and the data is very reassuring:
- Daily transactions grew by more than 100%, from 1.1m to over 2.3 million every day;
- The daily trading volume on Stellar decentralized exchange increased by 8%;
- Stellar acquired several new high-profile partners, including Qvest, Saldo, Settle Network, and nTokens;
- There is a new Stellar-based cross-border payment project in the works, in collaboration with Qvest;
- The Foundation is researching a possibility to launch stablecoins for third-world countries;
- Stellar donated over 2.5 million XLM to help fight the coronavirus;
- The average processing time on the Stellar blockchain is just 5.5 seconds — one of the fastest in the industry.
For us, the most interesting part is that Stellar has adopted an improvement proposal (SEP-29) that will finally do away with the memo field. This will make sending payments from the XLMwallet even faster and more seamless.
As you might know, we already support sending XLM to an email address — you just have to link the blockchain address to your recipient’s email once. But the memo field is still there, and unless Stellar developers remove it, we can’t eliminate it in the wallet without taking the transactions off-chain, which we don’t want to do for obvious reasons.
The stablecoin plan looks very interesting, too. XLMwallet allows you to store any assets issued on the Stellar blockchain, not just XLM. The Stellar ecosystem keeps growing, and every month there are new startups that launch their tokens. If Stellar Foundation creates its own stablecoins, you’ll be able to keep them in XLMwallet, too.
Also, remember that you can issue your own asset on Stellar. It’s fast and almost free, and you don’t need any coding skills or technological expertise. Even an independent startup founder can do that without any help from a developer. It’s a great way to cut your costs if you want to hold an ICO, for example.
Coming back to Stellar prices, here’s the recent price movement chart:
Those XLMwallet users who bought Stellar one month ago at $0.035 have already made 34% in profits! As we’re writing this post, 1 XLM is worth $0.047. We’re sure you can still make at least 15% until the spring is over, so move fast. And if you don’t have an XLMwallet yet, it’s time to register one.
Of all Stellar wallets, XLMwallet is probably the easiest to get. You just need to generate a key pair and save your private key. We won’t ask for your name or even your email address.
XLMwallet also allows you to merge several Stellar accounts, generate payment pages straight from inside the wallet (invoices), check up-to-date crypto prices through a widget from Coinmarketcap, and much more.
What are you waiting for? If you don’t have any Stellar coins yet, now is the best moment to buy some and register an XLM wallet. It’s the easiest and fastest way to store and send your crypto, so join ASAP!
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