Stellar Cryptocurrency- Is It Worth Investing in 2019? - Eaglesinvestors

Holding on to specific assets or asset has always been a useful investment strategy, even before the coming of cryptocurrencies. Today, with the crypto market being more uncertain than ever, many investors wonder if it is the right thing to invest in stellar cryptocurrency in 2019?

Of course, things change depending on the crypto in question, but today, we are going to talk about why is it a good idea to invest in stellar cryptocurrency in 2019.

What is Stellar Cryptocurrency?

Stellar cryptocurrency is a payment technology made upon the Ripple protocol but has changed a lot since its launch. Unlike Ripple, Stellar seeks to work with developing markets rather than banking systems and other well-established financial institutions.

Stellar cryptocurrency is a unique technology that offers the ability to exchange cryptocurrency assets and avoid losing money on commissions instantly. In this light, many institutions all over the world currently use Stellar technology, and actively investing in the development of the project.

Furthermore, Stellar is also very different from Bitcoin when it comes to transaction approval. Besides using the whole network to validate a transaction, Stellar operates with a quorum which is just a part of the entire pool.

The quorum is what makes Stellar function so fast in conducting transactions. Due to this feature, Stellar is considered to work excellent for nonprofits, small banks, small businesses, and inside-corporation transactions.

Why Should You Keep Stellar Cryptocurrency Coins (XLM)

Currently, the cryptocurrency market is vibrant with hundreds, and thousands of different projects. It is therefore difficult to separate valuable cryptos from those destined to disappear slowly. However, even the most prominent skeptics believe that Stellar cryptocurrency coin that is here to stay.

Stellar (XLM) launched in 2014, and for a long time now, it is among the top 10 cryptocurrencies. Moreso, it is an open-source, decentralized protocol that permits users to send fiat currencies by using cryptos as a method of transport.

In other ways, one can say it is very similar to XRP. However, the difference is that Stellar seeks to give its services to regular people, whereas XRP is more interested in working with financial institutions and banks.

Nevertheless, sending money when it comes to cross-border transactions, is an urgent need for change, and both of these projects seek to be the ones that will transform the process.

Also, another factor that makes Stellar a valuable project is its speed. In the same vein, the Stellar coin is currently the fastest one on the crypto market. In other words, it is not only a payment platform that can send money abroad. But, it can also transact it within three seconds.

Stellar Cryptocurrency Objectives

Just like ripple, Stellar is also a cross-border, payment and transfer system. It connects financial institutions with an aim to reduce transaction costs and time lags.

Stellar’s primary objective is on the developing economies in the areas of bank loans and remittances to those individuals who are still outside the scope of the banking services. It does not charge institutions or individuals for using the Stellar network.

It, however, receives initial funding from the payments startup stripe and donations from institutions like Google.org, FastForward, and BlackRock. Therefore, it covers its operational costs by using the 5% of Stellar lumens set aside initially for the purpose and by accepting tax-deductible public donations.

Should You Invest In Stellar?

Stellar displayed some impressive tenacity last year. Stellar creators designed it as a payment protocol with a lot of potential and high ambitions.
To start with, it produces a high transaction speed, which permits it to process 2000 transactions per second. Therefore, each transaction gets validated within a maximum time of 5 seconds.

Moreso, it is a huge decentralized cryptocurrency. It doesn’t have a set number of validators, giving room to incorporate more participants.

The stellar cryptocurrency also has lower costs compared to a few of its other crypto competitors.
Therefore, looking at all the predictions given by market enthusiasts, traders, publications one thing to note is that there is a lot of hope surrounding Stellar’s growth in 2019.

Conclusion

Stellar cryptocurrency is one of the oldest, fastest and highest-ranking cryptocurrency projects. It can offer high speeds, stability and more than a decent market cap.

Because of this, professionals believe that Stellar has the potential to become prominent in 2019. Therefore, it is vital to say that investing in Stellar can bring positive results in 2019.

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