StellarX, a marketplace for fiat, cryptos, stock, and all others assets is now open for all. Previously, it was by invitation only. This is a huge deal for stellar (XLM) investors because it will lead to an upsurge in transaction volumes since Stellar (XLM) is the native token for the StellarX ecosystem. Higher volumes mean higher liquidity, which will play a huge role in stabilizing its price in the long-run. This could play a huge role in incentivizing banks to use the Stellar (XLM) instead of launching their own tokens when handling cross-border payments on the blockchain. As things stand, the usage of public cryptos in this ecosystem is not clear, even though the networks themselves such as the stellar blockchain are gaining in adoption. As long as cryptos remain volatile, institutions will continue to adopt the networks, but not the tokens. That’s why higher volumes for stellar (XLM) and more price stability, means better chances of adoption for Stellar (XLM), not just the stellar network. If banks adopt XLM as the native token in cross-border payments, it would be a moonshot for this coin.
But the bigger deal is that it StellarX gives Stellar (XLM) more accessibility via fiat and stable currencies like anchor USD. This takes Stellar (XLM) a step closer towards decoupling from bitcoin (BTC). The heavy reliance that altcoins have to bitcoin (BTC) is the main reason why they aren’t moving much in price, in spite of their massive developments all through 2018. Valued on its own, Stellar (XLM) is definitely worth more than its current price. In fact, based on its use cases, and potential use cases, Stellar (XLM) is worth way more than a dollar a coin.
That’s because it is one of the blockchains that stands to revolutionize the cross-border payments market, a market that is worth over a trillion dollars. Stellar is an IBM partner and through this partnership, they have made serious in-roads in the banking sector, something that has given it a huge intrinsic value in the market. The stellar blockchain also has a use-case in the launch of security tokens. As the ICO game dies a slow death, security tokens are poised to take over, since they are more practical and compliant to the law. Ethereum (ETH) rose to over $1500 at the height of the ICO game. Once STOs gain momentum in the market, Stellar (XLM) could be worth upwards of $5, when trading independently of bitcoin (BTC).
Clearly, StellarX opening up to the public is a big deal for Stellar going into Q4 of 2018. So far it has been a top performer in an unstable market. More volumes will give it a boost liquidity, thereby pushing up its value in the market. The increased volumes will add to its upside momentum and could see the value of Stellar (XLM) rise to over $1 within 2018.
Currently, stellar ranks 6th on coin market cap, and is trading at around $0.24. Looking at its long-term charts, Stellar (XLM) has formed a double-bottom at $0.18 on the weekly charts.
That’s a huge signal that Stellar (XLM) is long-term bullish, and going by the bullish sentiment that Stellar (XLM) has at the moment, this could see its value push to a high of $0.50. That’s its longer-term resistance point. If more partnerships and announcements like StellarX come in Q4, then the probability of it closing the year at $1 is quite high. It’s definitely one of the few high potential long-term holds in crypto space.