Stellar Lumens team did many airdrops in the past and their airdrop distributions make XLM more decentralized. XRP is centralized owned by Ripple company and it is a big risk for XRP investors. In 2022 bear market, we saw how a centralized altcoin project like Terra could be killed by its founder Do Kwon.
Yes. I miss the good-old days when Stellar announced airdrops to help drive people into its Blockchain network. Now those days are long gone, leaving XLM behind in the dust. Why would anyone join the Stellar blockchain without any incentives? The chain doesn't even reward validators for securing the network. Besides the airdrops, Stellar used to have a feature called "inflation destination". Burnt tokens were sent to XLM hodlers on a daily basis. It served as a nice passive income stream until the Stellar developer team decided to remove this feature altogether.
I guess all of this has diminished market demand for XLM. At least, it's not as heavily-centralized as XRP is. Time will tell us if XLM will last forever or fade away into oblivion until it becomes history.
Stellar looks really good if we check its chart. Not many altcoins can successfully reclaim their all time highs with a new bull run. Stellar did it in the last bull market by rising to almost $0.7 which is its 2018 all time high.
Now its price is cheap about $0.1 and is it good to consider accumulating Stellar around this price just within next 12 months?
Cryptocurrency market will be very bullish after a Bitcoin halving next year.
Any advice?
Now its price is cheap about $0.1 and is it good to consider accumulating Stellar around this price just within next 12 months?
Cryptocurrency market will be very bullish after a Bitcoin halving next year.
Any advice?
The supply of XLM is huge, so I wouldn't recommend XLM as a long-term investment. There's little-to-no development activity too, compared to other leading projects in the crypto/Blockchain space. Do your own research and you'll see what I mean.