Stellar Lumens, the 8th largest cryptocurrency, currently has a market cap of $6,478,352,729 and a price of 35 – 45 cents. However, just one year ago, the price of Stellar was less than one cent.
With such astonishing gains made in the last year, many people are wondering whether or not Stellar will break out past the $1 mark, as its competitor, Ripple, was able to do in 2017.
There are a number of factors that are indicating that Stellar could be set for an ascent over the $1 mark. Here is a look at some of these factors.
1. It Recently Came Close
Stellar reached an all-time high of 90 cents on January 3rd, 2018. It quickly retreated after reaching this level. However, the fact that it made it all the way to 90 cents in January, means that on the next major cryptocurrency market upswing, Stellar could be propelled over the $1 mark.
2. The Number of Exchanges Listing Stellar Is Growing Quickly
Stellar used to be only offered by three major exchanges, Poloniex, Kraken, and Bittrex. However, now it is available on many others including Binance, CEX, and Gate. The increasing amount of exchanges offering Stellar will most likely help to push the coin over $1. This is …
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