Ranked as the 7th-best coin on the global coin ranking list Stellar (XKM) on the first sight hasn’t got much to offer given the fact that it has been trading under its record value for quite some time now. However, there is more to Stellar than it might appear at the first look, as XLM makes up for one of the top 15 gainers of the year, given the fact that it has managed to reach a set of gains of 2600%, while it is followed by IOTA and Monero, which takes the third place with 1100% of gains during this period. Is Stellar worth HODLing?
Stellar Lumens Makes up for a Top Gaining Coin of the Year
With the latest analysis, it easily became evident that Stellar XLM makes up one of the top 15 gainers of the year, alongside the fact that Stellar takes the first place on the initial list due to its magnificent set of gains in a total of 2600% within the given timeframe.
Following XLM, IOTA (MIOTA) takes the second spot with 1500%, while the most famous privacy coin, Monero (XRM) now takes the third place on the list of the top gainers of the year with 1100% of gains.
That being said, Stellar does seem as an evident rock solid candidate for HODLing, although its current price might not speak in favor of XLM in the market.
However, Stellar is ranked as the 7th best coin on the list, which is certainly not in vain given the fact that XLM has a market capitalization of over 4.5 billion dollars at the moment of this writing while being traded at the price of 0.24$ per one unit.
The title of the top gainer of the year with 2600% of gains collected over time, definitely adds a moment of approval for Stellar when it comes to turning XLM into your long-term hold.
In addition to gaining 2600% against the dollar, it has been stated that XLM also went up by around 500% against Bitcoin while going up by nearly 1000% against the second-best crypto, Ethereum, within the course of the last year.
During this time, XLM has been holding onto the 8th spot on the global coin ranking list, however, we can now see it establishing its hegemony on the top list with having been ranked as the 7th-best coin, which in a way shows the stability of XLM that pays off over time.
Stellar, New Projects and the Massive Clean Up
Although ranked as the seventh-best crypto on the global coin ranking list, Stellar still comes off as moderately unappreciated in the cryptoverse. However, this soon may change given the fact that Stellar turned out to be the top gainer of the year.
As yet another contribution that could change the status of Stellar in the market, comes the decisiveness of the Stellar Lumens team to embrace a more rapid pace of development of XLM.
That is how the team has been removing outdated projects from the Stellar Lumens network, as well as cleaning up Stellar directories and adding new and freshly updated projects to the mentioned Stellar Lumens directory.
Stellar Lumens is also planning on hosting a Blockchain for Finance conference, which should take place in Singapore on June 16th, which is scheduled only a couple of days from the time of this writing.
With new projects such as Cross Hedge, TillBilly, REM Royalty and more projects that also include a social network for business based on blockchain technology as well as a digital-based payment network hosted by Stellar Lumens, XLM could potentially sky-rocket in the following months.
In case the planned projects manage to catch the attention of new investors, XLM HODLers might even get to see XLM revisiting its all-time high of around 0.75$ per one unit, potentially going beyond the initial record price over the course of the next year, which could most definitely become the case if Stellar gets another set of 2600% and up during the next 365 days.
Many of the projects that are currently in the stage of preparation and development for the future launching to the public should be released in the following months.
What no coin is immune to is mirrored in the ever so often tough currents in the market that are currently massively lowering the price of over 80% of the currencies in the market, which would make the majority of circulating digital assets.
Stellar (XLM) is dropping with the latest trend as well, so after losing over -8.55% against the dollar, which made XLM trade at the price of o.24$ while still being ranked as the 7th-best crypto.