HODLing Stellar is a good plan for 2019

HODLing, or clinging to a certain resource or activity has always been an extremely useful investment strategy, even before cryptocurrencies were even imagined. Now, with the market more uncertain than ever, many are wondering what the right thing to do with the coins in their possession.

Of course, things change depending on the currency in question, but today we will talk about why it is a good idea to keep your Stellar (XLM) in 2019.

Why you should Hodl Stellar (XLM)

The cryptographic market is full of hundreds and even thousands of different projects at this point, and separating the precious ones from those that are destined to fade slowly can be complicated. However, even the greatest skeptics believe that Stellar is a currency that is here to stay.

XLM was launched for the first time in 2014 and for a long time it was among the first 10 encrypted by market capitalization. It is an open source and decentralized protocol that allows users to send legal currencies using cryptocurrency as a transport method. In many ways, it is very similar to XRP. However, the biggest difference is that Stellar aims to offer its services to normal people, while XRP is more interested in working with banks and financial institutions.

However, sending money, especially when it comes to cross-border transactions, desperately needs change, and both of these projects aim to be the ones that will revolutionize the process.

Another thing that makes Stellar a very valuable project is its speed: the currency is currently the fastest on the market. In other words, it is not only a capable payment platform that can send money abroad, but it can also do so in about three seconds.

A huge partnership

Thanks to its enormous potential, Stellar has also attracted the attention of a very influential partner – IBM itself. The collaboration with this company was a huge step forward for Stellar, which basically secured its substantial presence in the international payment market. In addition, it has increased its chances of being among the first coins to experience mass adoption, although this will probably have to wait quite a long time until most of the world's countries develop regulations. adequate for cryptography management.

However, Stellar's collaboration with IBM has also approached the Australian government, which means that there is a high probability that XLM will be adopted in Australia at some point.

Finally, the collaboration with the technological giant has provided Stellar with a certain level of credibility, which will probably encourage other companies to approach and propose a partnership.

How do you reflect this on the XLM price?

So, why is everything so important? Because cryptocurrencies depend on their usefulness and reputation, which directly influence the value of coins. Clearly, 2018 was a bearish year that damaged the value of numerous cryptocurrencies. Even Bitcoin itself has lost more than 80% of its value in the last 11 months.

With such a situation, Stellar had no choice and the currency suffered significant losses, just like the rest of the market. However, giants like IBM are not known for collaborating and investing in projects without a future. The fact that Stellar is their official currency is almost a guarantee that the currency will remain. With this in mind, rather than abandoning the currency due to its low price at the moment, investors are advised to HODL and bear the pressure of a bear market.

At this moment, the cryptocurrencies are going through a storm, but eventually the storm will end. According to experts, not all coins will survive this process. However, those who do so will prosper, and this could also happen very soon. Many believe that 2019 will be the year the scramblers become big, when institutions start investing and when the digital currencies' gold age begins.

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Disclaimer: this article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and / or its affiliates, employees, writers and subcontractors are cryptocurrency investors and from time to time may or may not hold stakes in some of the coins or tokens they cover. Please conduct your own in-depth research before investing in any cryptocurrency and read our full disclaimer.

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