Stellar ($XLM ), a cryptocurrency that has been gaining attention in the blockchain world, stands out for its focus on fast and cheap cross-border payments. Let's see an analysis of its trends and movements:
Fundamental analysis: Open-source network: Stellar is an open-source decentralized network that allows users to transact efficiently and securely. Minimum transaction cost: Transaction fees on Stellar are very low, making it a attractive option for international payments. Scalable consensus mechanism: Stellar uses a consensus mechanism called the Federated Byzantine Agreement (FBA), which combines scalability with security. Competition with Ripple: Like Ripple ($XRP ), Stellar focuses on cross-border transactions. border, but with a more inclusive and decentralized approach.
Technical Analysis: The current price of XLM ranges between 8 and 9 cents. However, it has seen a significant swing from its all-time high in 2018. Currently, XLM is facing strong resistance around $0.24. If it manages to overcome it, it could have bullish momentum.
Price Prediction: By 2023, XLM is expected to reach a peak price of $0.24526. In the long term, until 2035, investors should consider market volatility and news to make informed decisions.
In summary, Stellar has exciting potential for international payments, but as always, investors should do thorough analysis before making investment decisions. Stay informed and closely follow the news in the ecosystem of $XLM !" 🌐🚀💡 #XLM/USDT #predictions #Altcoins👀🚀 #altcoins