#Stellar lumen future update

Granted, we might not see banking giants loading up on XLM just yet. It’s important because these fund managers can influence asset prices. Some folks would call this the “smart money” getting involved.

It’s a savvy strategy to collaborate with many businesses as this could introduce Stellar Lumens to more users.Īn essential part of the mainstreaming process for any up-and-coming cryptocurrency will be the involvement of large-scale asset managers. I could keep going because Stellar has numerous business partners. Multi-signature provider and asset custodian BitGo.

Swych, a platform for gift card asset transfer.Nigerian crypto gateway and stablecoin issuer Cowrie.Here’s a sampling of some of the most noteworthy partners: You can browse through the complete list on the official Stellar website. White specifically highlighted the large number of partnerships that Stellar - or more accurately, the Stellar Development Foundation (SDF) - has forged with successful businesses.

#Stellar lumen future update

Otherwise, I would have missed out on InvestorPlace contributor William White’s excellent update on Stellar Lumens. I’m definitely glad that I constantly keep up with the writing of my colleagues. That’s close to the 52-week high and well over halfway to the all-important $1 milestone. Even with crashes of 20% or more along the way, the price was close to 66 cents on May 12. That’s certainly been the case with Stellar Lumens. When the going gets tough, staying in the trade has generally been the right thing to do. In order to be profitable in the long term with cryptocurrency, you’ll have to have strong risk tolerance. Without a doubt, many retail traders were shaken out during the stomach-turning price corrections in January, February, and April. During the past year, it’s been as low as 6 cents and as high as 77.8 cents.īut if you’re assuming that it’s been a smooth ride, you’re quite mistaken. No doubt about it - Stellar Lumens has a wide 52-week range.