Stellar Lumens (XLM) is one of the few digital currencies that have been able to withstand the current bearish markets that began in January this year. Additionally, there are some recent positive developments in the crypto market that may hoist Stellar Lumens to greater heights and thus propel the coin’s price to form new all-time highs.
Stellar is a platform which has been created to enable digital asset transfers. The organization that came up with this technology is known as the stellar development foundation. This is a non-profit organization that has for the past 12 months ensured quite an outstanding performance for by Stellar Lumens. Moreover, the recently increased adoption of the coin’s technology may hoist Stellar Lumens to greater heights in terms of value and price. Some of these developments include:
Netcoins cryptocurrency exchange announces the listing of Stellar Lumens (XLM)
On August 20, Netcoins announced the official listing of Stellar Lumens (XLM). The official announcement that was posted on the firm’s blog stated that Stellar is currently the 6th largest digital currency according to coinmarketcap. Also, the platform is an open-source protocol for exchanging money using blockchain technology.
IBM and Veridium Labs make use of Stellar based blockchain to fight global warming
The announcement stated that IBM and Veridium Labs will use Stellar’s blockchain to tokenize the process of issuing and redeeming carbon credits. This will in turn help in monitoring the effects of carbon emissions from big firms to further aid in reducing and subsequently eliminating the greenhouse effect that has been blamed on climate change. Additionally, IBM (international business machines) offered its support to a stable coin pegged to the U.S dollar. The stable coin, stronghold USD, which was launched on the Stellar (XLM) blockchain network adds another feather to the cap of Stellar.
Do you think these developments will have any positive impact on the coin’s price?
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