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Stellar & # 39; s XLM (native network token) is one of the few who managed to keep his head above the waters in the green for the last week. The ability to earn 6.46% in the last 24 hours has put XLM at 1.87% for% 7d despite some of its competitors being double-digit negative
Source: coinmarketcap [19659004] The third largest currency by XRP capitalization is facing greater competition in the crypto-verses of cross-border payments. Stellar, now supported in a partnership with IBM, is increasingly becoming a bigger player in the race to create the most economical and widely adopted cryptocurrency for global money transfer.
Some XODP HODLer have noticed that the price of XLM is slowly reaching that of XRP because of the latest news on cross-border payments with IBM and the acquisition of Chain. This is not surprising from the fact that the currency and the team behind it are offering work consistently making it one of the most promising easily out there to choose from.
Read also: HODLers express their frustrations as the value of XRP continues to refuse
The competition between the two goes on. As mentioned in our article Stellar & # 39; s Story and Latest News. After selling the infamous exchange of Mt. Gox, Jed McCaleb transformed his cryptocurrency efforts to invent a new currency. Nicknamed "the protocol of ripple", McCaleb tried to grow a transitory cryptocurrency that completed the blockchain consent from members of the network. With this, the parent company Ripple was formed, which led to the creation of the XRP token. Subsequently, McCaleb interrupted his connections with the company that led to the creation of Stellar Foundation and XLM.
With today's performance, it is easy to conclude that the acquisition of Chain by Lightyear, the commercial division of Stellar's Blockchain Foundation, has raised the level of expectations for XLM. Chain [internal ledger builder for various clients to lower friction and move assets faster] and Lightyear will become Interstellar.
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