Among the third generation blockchains out there, Stellar is regarded as one of the best. This is the reason why Tensortask, a subsidiary of UChicago Polsky Center for innovation and entrepreneurship has decided to build on Stellar’s blockchain, creating an artificial intelligence market.
This news is coming five months after the team began work on the project. Within the next four months, the project will change from private alpha to open source. In addition, the program is included among the Google cloud startup program which indicates that it has a high potential for growth. This makes it most suitable for promoting the Stellar blockchain as well as increasing its use cases.
Within the past few months, there has been a spike in the global adoption of the stellar blockchain. Stellar has already made a name for itself in the financial industry, which has been proved by the development of Interstellar. This will make financial institutions that make use of Chain to utilize Interstellar.
Stellar (XLM) Price Today – XLM / USD
Stellar (XLM) is also seen to be at the fore front in asset tokenization. The Stellar blockchain is already been utilized for tokenizing by several companies. When we talk of raising capital, it has proved to be more efficient than many other blockchains in the industry. As more people get enlightened about Stellar tokenization, medium-sized as well as small-scale enterprises will benefit the most from this opportunity
Investors have put much faith in Stellar (XLM)’s growth potential due to its growing use case. The long-term projection reveals that between now and December, there is a high probability of upside gains. This will mark the start of rapid long-term growth. Presently, there is a double-bottom around $0.19, but over the past few days, there has been an increase in the trading volume of XLM.
Of Recent, XLM attained a high of $0.29 but there was a retracement back to the $0.25 level. The good news is that even if the price isn’t in green, there is still upward momentum. Because Stellar has growing fundamentals, the XLM price is going to grow long-term. For example, Asset tokenization, is one thing that will give massive growth to the Stellar blockchain. In addition, Wall Street will be attracted to tokenization which will lead to an increase in demand of XLM, boosting it in the process.
Stellar (XLM) in the short-term will keep moving in a tandem with Bitcoin (BTC). This is due to the fact that, in the market, Bitcoin is the leading cryptocurrency per market cap and the price of all other cryptocurrencies is linked to its price.
Although, Stellar is tied to Bitcoin, the good thing is that it still has independent prospects. Bitcoin, after it bottomed out at $6000 and started correcting upwards after that, has a very small chance of falling too low again. Stellar (XLM) will be given a very big boost in the market if by the end of the year, a bullish reversal happens.
Current Price of Stellar (XLM)
Currently, Stellar (XLM) trades at $0.24375. This tells that its price is down by -0.62% today. Its trading volume in the last 24 hours is $36 and has a current circulating supply of 18,894,800,000 XLM coins and a market capitalization of $5Billion.