A number of cryptos look set for exponential gains in Q4, on the strength of their upcoming news. For instance, it is widely expected that ripple will perform well given that XRapid is going live this quarter. One crypto that is not getting much hype but could emerge as the best performer in Q4 is Stellar (XLM). Stellar has been performing quite well in Q3 and it still has the momentum to keep pushing upwards going into Q4.
One huge factor that gives Stellar (XLM) the momentum to keep growing going into Q4 is StellarX. This decentralized exchange that allows for the trading all kinds of assets in fiat, is a big deal for stellar. It is a big deal because Stellar (XLM) is the native currency of this exchange. This means that as the level of activity on this exchange increases, so will the demand for Stellar (XLM). Since its feeless, the level of activity on StellarX is pretty much guaranteed to shoot up towards the end of the year.
Besides, StellarX now gives the platform for more fiat pairings for Stellar (XLM). That’s because they will be offering a variety of fiat pairings, not just with the USD. This means that going forward, Stellar (XLM) will be less dependent on the price movements of bitcoin (BTC). That’s a big deal that would see the price of Stellar (XLM) stabilize going into the long run. Stellar (XLM)’s price stability will be its backbone to growth in Q4 and could see it rise above $1 in coming months.
The possible decoupling of Stellar (XLM) is quite evident in its price action in the last two months. While the rest of the market has been trading in wild swings, Stellar (XLM) has largely held above $0.20. In essence, now that there is a major platform that allows for the trading of Stellar in multiple fiat currencies, it’s price is likely to be more stable, and draw in institutional investors, as well as financial institutions looking to adopt Stellar for payments. It’s the one thing that could see the value of Stellar (XLM) outperform the market not just in Q4 but also going into 2019 as well.
Stellar is also going to get a major boost from all the security tokens that will be listing on StellarX. Stellar is the perfect blockchain for the launch of security tokens. Stellar based tokens are fully compliant with regulations and eliminate the different issues that come with ICOs, such as the risk of scams. An explosion of security tokens on the StellarX blockchain will lead to an explosion in the value of Stellar (XLM) going into the future.
Going by the above, it is clear that Stellar (XLM) will be one of the best performers in Q4. There is a good chance that it will hit $1 in this period. All it will take is for the market to continue trading in positive territory and Stellar (XLM) will emerge a top gainer. A portfolio that has XLM, XRP and a few other major coins with big news will reward investors’ big time.