Can someone tell me exactly why Stellar is on the top 10? There's only one explanation for making so many giveaways and still being so high. I think there are very rich people who support the project.
I don't know exactly the content of its technology, but I don't have much positive opinion about this project.
Stellar is one of the earliest blockchain and is invested by famous venture capital funds. And as far as I can tell, since the 2017 hype, they've made a lot of money. So they have a lot of great airdrop programs.
The problem is that coin holders do not like that new coins enter the market, the issue of coins in the market increases (Because of the airdrops).
Although Stellar has not lost much in price recently.
Yes that is right. I remember participating in the airdrop made by Blockchain.com, if I remember correctly, they made close to $ 1 million airdrops and Stellar's price didn't fall despite all that.
Their hands must be really strong.