With the growing optimism of a crypto market revival, Stellar Lumens (XLM) continues on its journey to take leadership in the market by overshadowing its bitter rival, Ripple’s XRP. Hopes are still high that the coins will soon get listed on Coinbase after Basic Attention (BAT) got a nod recently.
Earlier in the year, Coinbase has shown an indication that XLM was among five coins it was targeting to list. Many investors have come onboard the Stellar network with the hope of a major boom once the asset is added on the prestigious and global exchange.
The Lumens ecosystem unlike that of its competitors is highly diversified and this makes it a better platform to stake on for the future. Apart from the highly anticipated listing, the coin has generated its own visibility through high profile partnerships that have given the investor community extra confidence on the system.
Demand Based Stellar Growth is the XLM future
The current Stellar growth is as a result of its market stability and this has pushed its MCAP higher which is backed by an appealing price giving it a surefire reason of not only getting listed on Coinbase but other exchanges of repute. However, the exchanges end goal is to offer a wide range of coins to its audience, the popularity of XLM is no doubt on the rise and the listing is drawing nearer.
Investor Confidence on the Rise in the Crypto Sphere
The investor confidence appears to be creeping back into the market and the stability of XLM for the last few months has seen renewed adoption. This has also been boosted by the XLM usability that is more appealing and cost effective especially for institutions across the globe.
The global money movement milestone by the outfit has given the market a new outlook and the over-reliance on the traditional money systems is on the downtrend. Stellar is among the most functional systems in the market today and its popularity is based on its real-world solutions riding on a structure that has been well thought out.
Stellar Lumens (XLM) Price Challenges
Just like other top ten coins in the market, the XLM price has been trending on both the green and red territories for the last few months and a market recovery will pave way for the coin breakout that is expected to push the coin price above the $1 mark.
The recent partnerships are the backbone of the coin and the coin exposure has exceeded 13million users and it keeps growing and the anticipated Coinbase addition will give it extra visibility and usability. However, the growing investor interest on select functional coins has seen the XLM demand slightly grow despite the coin trading in the red for the last 24 hours.
At the time of writing the Stellar Lumens, XLM price stood at $0.254579 reflecting a loss of 4.30% against the dollar. However, the long-term prospects still remain strong and the end of Q4 could see the price edge close to $1. The bear market takes over action currently could be a positive indication of a new era in the market. The current price comes hours after the coin gained over 6% a day ago and the instability might scare away market prospectors in the short term.