The post Why XLM Surged Nearly 200%: Key Factors Behind Stellar’s Growth appeared first on Coinpedia Fintech News
The Stellar market has grown by at least 478.057% since November 5. The sharp surge in the price of XLM has grabbed the attention of the crypto community. It has once again brought back the crucial question: Is Stellar the most underrated crypto project? A recent post by Stellar co-founder Jeb McCaleb shared some important insights about the real strength of the project, something not many have ever discussed regarding the project. Dive in!
Steller’s Growing Popularity
The popularity of Stellar has grown sharply in recent years. The unmatchable growth, which the XLM has achieved this month, is one of the many indications of people’s growing interest in the project. McCaleb acknowledged the growing interest, but claimed that no progress has been achieved in people’s understanding of this cryptocurrency project. He pointed out that the attention, which Stellar has received lately, has not helped it escape its underrated status.
What Makes Stellar Special?
Highlighting the significance of Stellar, McCaleb noted that Stellar handles at least 10 times more daily transactions than Ethereum. Moreover, he added that real-world payments constitute a large portion of Stellar’s transactions. This high transaction volume and real-world usability are key reasons why XLM surged in price recently.
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Advanced Features Driving XLM’s Success
Stellar has several advanced features that have contributed to its growing popularity and price surge:
Native Stablecoins: Stellar supports native stablecoins, which make it ideal for cross-border payments.
Built-in Decentralized Exchange (DEX): Stellar features an integrated DEX, allowing for easy token swaps.
On-Chain Governance: Stellar includes built-in governance features for a more secure and transparent system.
Safer Smart Contracts: The platform offers safer smart contract capabilities for secure transactions.
Passkey and Multi-Signature Support: Enhances security with passkey and native multi-sig support.
Emphasizing the cost-effectiveness and efficiency of Stellar, McCaleb noted that the project ensures fast transactions with near-zero fees, making it one of the top performers in its segment in terms of efficiency.
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Stellar’s Potential in Global Finance
Positioning Stellar as a highly useful payment system, McCaleb pointed out that the project aligns with the best use case for cryptocurrency. Additionally, he expressed hope that businesses and individuals would recognize the utility of Stellar in financial transactions. He also predicted that Stellar would become a prominent player in the global financial system.
In conclusion, Jed McCaleb highlights Stellar’s unique capabilities, from real-world usability to advanced features, showing its potential to transform global finance.
FAQs
Stellar’s unique features include native stablecoins, a built-in DEX, on-chain governance, safe smart contracts, and a scalable, secure platform ideal for financial transactions.
Despite its strong fundamentals and growing popularity, Stellar is often considered underrated due to a lack of widespread understanding about its real-world impact and capabilities.
