Long
[STELLAR] Why it's about to "SKY ROCKET"
Initials
Stellar is surging. The cryptocurrency aims to achieve a similar goal as Ripple, providing hassle-free international transactions. Both tokens have soared in value this week, with Stellar briefly taking the number six spot in terms of overall cryptocurrency value. There’s good reason to believe Stellar could prove the next big thing.
Founder McCaleb -
“We are trying to be an internet level protocol for payments,” McCaleb said about Stellar in a 2016 interview with Forbes. “There are lots of payment networks, but they don’t interoperate.”
Against BITCOIN,
Developed by a non-profit organization, Stellar is an open source blockchain that allows for cross-border transactions with equal access for all participants. With Bitcoin, some exchanges pay for prioritized processing to cut down confirmation times. Fees have skyrocketed to around $20, while confirmation times average just over an hour. Stellar promises transaction times of two to five seconds with fees of just a fraction of a cent.
conclusion
Stellar has a big mountain to climb if it wants to replicate Ripple’s success, though. The latter has secured a number of deals with businesses looking for a professional use of cryptocurrency as over 100 companies have signed up for tests. This has shown in a market cap that rests at $140 billion, and a token that has increased in value by 20 percent over the past 24 hours to reach $3.62 per token.
It’s early days and better to BUY and HOLD. As Ripple Surges, Stellar Could Be the Next Cryptocurrency to Go Huge.
have any doubts? than, let us know in the comment section below
and make sure to give this analysis a Thumbs UP +_+
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Source - General public Information!
Stellar is surging. The cryptocurrency aims to achieve a similar goal as Ripple, providing hassle-free international transactions. Both tokens have soared in value this week, with Stellar briefly taking the number six spot in terms of overall cryptocurrency value. There’s good reason to believe Stellar could prove the next big thing.
Founder McCaleb -
“We are trying to be an internet level protocol for payments,” McCaleb said about Stellar in a 2016 interview with Forbes. “There are lots of payment networks, but they don’t interoperate.”
Against BITCOIN,
Developed by a non-profit organization, Stellar is an open source blockchain that allows for cross-border transactions with equal access for all participants. With Bitcoin, some exchanges pay for prioritized processing to cut down confirmation times. Fees have skyrocketed to around $20, while confirmation times average just over an hour. Stellar promises transaction times of two to five seconds with fees of just a fraction of a cent.
conclusion
Stellar has a big mountain to climb if it wants to replicate Ripple’s success, though. The latter has secured a number of deals with businesses looking for a professional use of cryptocurrency as over 100 companies have signed up for tests. This has shown in a market cap that rests at $140 billion, and a token that has increased in value by 20 percent over the past 24 hours to reach $3.62 per token.
It’s early days and better to BUY and HOLD. As Ripple Surges, Stellar Could Be the Next Cryptocurrency to Go Huge.
have any doubts? than, let us know in the comment section below
and make sure to give this analysis a Thumbs UP +_+
Join our Telegram (link in BIO)
Source - General public Information!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.