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?
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 quite an old cryptocurrency with a strong community behind it. The coin is very similar to Ripple's XRP. What differentiates XLM from XRP is decentralization. The latter is heavily-centralized, while XLM is decentralized. There's not much to it, considering that there are other competing chains delivering real use cases to the world. Developers aren't that interested in building dApps with XLM, unlike ETH or any other alternative blockchain network. Market prices are rather stagnant, especially when demand for XLM is quite poor these days. The IBM partnership made a few years ago, didn't have a positive long-term effect over XLM's price.
I'd suggest you look for other alternatives if you're keen on growing your investment in the future. If you don't care about making large profits, and just want something that's fast and cheap to use for daily payments, then XLM is for you. Transfers on the Stellar (XLM) blockchain are much cheaper and faster than other chains such as BTC, ETH, and even Polygon (MATIC), making this a huge "selling point" for the cryptocurrency. Who knows how long will it last? Just my thoughts
