So 2 days ago I was discussing diversification and owning within the current top ten as your best bet to succeeding in this crypto game for long term growth over the next few years. Heres the part about XLM
source: News updates, Took a month off!d
It now seems that Stellar is fully ready to take on XRP as its correlation to it has been all but diminished.
This is a great sign not just for stellar but for all of crypto. The more we see detachment from overall market movements that bitcoin makes the better. This means projects are beginning to be judged based on merit and accomplishments rather than on the overall trend of the market based on the leader.
"It's like if Ford stock tanked and then it caused stocks like coca cola to tank, it just doesn't make sense!"
This is a good sign for investors though because it means the market is barely even out of its infancy in the grand scheme of things.
This means entries today and over the next few weeks will be at a great point. Although many people think the wave is over this market has shown that people who HODL like Warren Buffet make the most percentage gain in contrast with those who try to day trade and lose money based on fear and being stuck in shitty positions.
Right now Stellar is making great strides with its partnerships with IBM, and the extension of the creation of a stablecoin that is backed so we don't have to deal with the shitty USDT worries about audits.
Transferto connection is also a big deal since they have access to over 70 countries which will give XLM an edge as the fintech business begins using cryptocurrency to save on costs on a business level.
Let me know what you guys think!
Cheers
Dante
Agreed. Stellar has been one of my favorite projects since the initial IBM partnership last year (the coin was around .025 cents back then). Recent advances, new partnerships and even a few companies moving from their current platform to the Stellar platform says a lot it. Great post!