My bottom line with XLM
XLMUSD With such highly speculative markets like crypto, I don't understand what gives with investors on XLM. I don't want to get into too much tl;dr territory but this is why I've always been super long on XLM every single time it's ~0.10 or less:
- Is similar to
XRPUSD in function and has great partnerships and tech to back up a "stellar" valuation. - In the vein of being similar to XRP, XLM's market cap is 3.671B at the time of writing. XRP's is 26.513B with close to double the circulating supply of 53.083B. So just in terms of market cap, if Stellar were to be equal in value with XRP, Stellar's price could be ~$0.90 to achieve the same valuation. I don't understand the massive discrepancy IMO. Maybe it's just all clout and/or awareness of the token.
- IMO crypto always seems to just go in waves, everyone wants the chart to be back at ATH and this just seems to manifest at some point. Looking at XLM's chart, we can see almost exactly the same pattern as the last two waves emerging (again).
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