Stellar (XLM) community has all the reasons to celebrate after it has emerged that they can now boast of 1 million active accounts on their network. The team behind the outfit has all the reasons to look back and smile at their accomplishment curtesy of the supportive community. This stellar performance has been forthcoming from the resilience exhibited by the ecosystem participants.
On top of the one million active accounts, the ecosystem prides itself of being backed by over 3,300 assets, more than 25million payments and been processes through the network and what’s more; more than 8million trades have also been executed.
Breaking the Stellar Milestone News
The news of the coin hitting a major milestone did not come as a surprise to many. A lot has been going on behind the scenes and the announcement just came as a confirmation of the hard work. Through the Stellar Lumens XLM official twitter handle, the news read:
Stellar has achieved the 1 MILLION active accounts MILESTONE.
EPIC mark for $XLM:
– 3,300+ Stellar assets
– 25 million payments
– 8 million trades
The WORLD‘s READY for the fastest-growing, humans-powered, usable BLOCKCHAIN TODAY!
NOW is the time to #UseLumens pic.twitter.com/2pebFjWEL0
— Stellar Lumens (@StellarLumens) August 28, 2018
Stellar Coinbase Listing Prospects Timely
With such a huge milestone, any investors can salivate to own part of the wining blockchain pie at the moment. With the much anticipated XLM Coinbase listing, the show is just getting started. With such impressive performance, XLM might hit the exchange way ahead of the other coins being explored.
Stellars’ XLM performance has drawn a lot of attention and this is not only for the community but in the banking industry where the ecosystem focus is. As much as there is a lot of competition in the blockchain industry bend on disrupting the financial and banking sectors, Stellar has a better value offering compared to other competing platform. So, what is the mystery behind Stellar (XLM)?
Stellar is Sharia and Soon SEC Compliant
Stellar XLM is more than a decentralized player in the market; it appeals to all sectors including social, political and economic affiliations. It is among the few coins that are compliant with Sharia and once listed on Coinbase, it will be a good sign that it is also compliant with the industry regulator demands.
The audience falling under the Sharia law is huge and has a lot of mass adoption potential. This is a huge boost that most banks have never considered important in the last 50 years. By tapping this potential, the next 2million active accounts are just around the corner.
IBM Support for StableCoin on Stellar
IBM say in the tech world is not something new and its support for StableCoin on the ecosystem is a good route to market for Stellar as a stable platform to launch high profile projects basked by the XLM currency. This will not only stretch XLM spent but also add to its value.
This might not make a lot of sense to the short-term investor for the long-term one, it does. IBM has instilled a lot of investor confidence on Stellar XLM in the recent past hence the growing uptake. IBM tags along with more real life use cases through fuss free B2B transactions.
Stellar (XLM) Price Stuck Under $1
The price of XLM has frustrated the short term investors while it has been a boom for the long term conscious investors. Trading below the $1 mark longer is a good especially for traders looking for crypto verse entry point coin. The price has played an active role in the outfit achieving the high number of account holders and the number of transactions executed through the ecosystem.
Stellar XLM has been trading on the green for the last 24 hours and the momentum appears to hold for the next 7 days and beyond. At press time, the coin was trading at $0.233091 up by 1.30% to the green buck and a paltry 0.21% against Bitcoin.