Jed McCaleb, the co-founder of Ripple and creator of Stellar, has recently highlighted XLM as one of the most underrated cryptocurrencies. This endorsement, combined with XLM’s recent price surge, has piqued the interest of many investors.
Why is Stellar Underrated?
According to McCaleb, Stellar’s unique features and real-world applications set it apart from other cryptocurrencies:
- Real-World Use Cases: Stellar is actively used for real-world transactions, making it one of the most practical blockchain platforms.
- Low Transaction Fees: Stellar’s network boasts incredibly low transaction fees, making it an efficient and cost-effective solution for financial transactions.
- Robust Infrastructure: Stellar’s well-designed infrastructure, including its smart contract platform Soroban, enables developers to build innovative applications.
- Strong Community and Developer Support: Stellar benefits from a dedicated community and a wealth of developer resources.
- Focus on Financial Inclusion: Stellar aims to empower individuals and businesses by providing access to affordable financial services.
Read more: Stellar (XLM) 190% Surge That Left 100,000 Traders Speechless!
XLM’s Recent Price Surge
In recent months, XLM has experienced a significant price surge, fueled by various factors:
- Positive Market Sentiment: The broader cryptocurrency market has been bullish, driving up the prices of many altcoins, including XLM.
- Increased Adoption: As more businesses and financial institutions adopt Stellar’s technology, demand for XLM has increased.
- Regulatory Clarity: The resolution of regulatory issues surrounding XRP has positively impacted the broader crypto market, including XLM.
Read more: Stellar (XLM) Soaring Potential: A $5 Target in Sight?
The Future of XLM
While XLM has shown impressive growth, it’s important to note that the cryptocurrency market is highly volatile. Factors like market sentiment, regulatory changes, and technological advancements can significantly impact the price of XLM.
However, given its strong fundamentals, real-world use cases, and supportive community, XLM has the potential to continue its upward trajectory and become a major player in the cryptocurrency market.
Read more: Stellar (XLM) Soaring Success: A Deep Dive into the Recent Rally!
Investors should conduct thorough research and consider consulting with a financial advisor before making any investment decisions. 1
