Hi,
I am looking for a new position to start DCA into while prices are low and thinking of XLM.
Up until now had not really paid much attention mainly because I notice they didnt perform that well in the last bull run but I see this is now due to being closely linked with XRP who still have the ongoing case - or do I have that wrong?
Anyway, there is a lot of noise on Youtube currently for XLM - some saying it will do really well when XRP wins their case - is this likely?
With a current price of $0.10 I am just thinking of bagging 3 or 4 thousand and hoping it does a 10x or something if XRP wins the case.
Be good to hear thoughts on XLM, both good and bad?
XLM is an interesting coin and there are a number of factors that could potentially drive its price up. As you mentioned, it is closely linked to the XRP case, and if XRP wins, it is likely that XLM could benefit as well. XLM is currently the 4th largest cryptocurrency and has been gaining attention recently with its partnership with IBM and its usage as a payment system for some online services. It is also worth noting that XLM has seen some strong price movements in the past, and could potentially do so again if the market sentiment becomes bullish.