Stellar Lumens is the 4th largest cryptocurrency since a couple
of hours. Arguably it is on its way to meet
InvestingHaven’s Stellar Lumens forecast of 4 USD with some
delay though. Stellar Lumens overtakes Bitcoin Cash. Stellar
Lumens facilitates payments, and is one of the few
cryptocurrencies that is gaining adoption. That’s why Stellar
Lumens really deserves to be in the top 4 cryptocurrencies, and
this in line with the 5 cryptocurrency predictions for 2019 .
Although Stellar Lumens as the 4th largest cryptocurrency has a
small difference in its market cap to Bitcoin Cash, now the
number 5. InvestingHaven’s research team expects this gap to
widen because of the relative strength that Stellar Lumens
exhibits on its long term chart, see below.
As a reminder Stellar Lumens faciliates payments by making it
much easier to handle (mobile payments), much cheaper (micro
payments) and much more accessible (the large group of
unbanked in the world).
Stellar Lumens is now the 4th largest cryptocurrency since today
largely because it is gaining traction as a cryptocurrency.
Adoption is so important in this young industry,
says InvestingHaven’s research team.
The Stellar Lumens to Bitcoin price chart (XLMBTC) visualizes
our point. Similar to our analysis on Ripple’s relative price
strength Stellar’s chart setup exhibits a powerful set up, first
and foremost because of its rising long term channel. This trend
started a year and a half ago at the start of the altcoin boom
which underpins our viewpoint on growing adoption, says
InvestingHaven’s research team.
Source :
https://investinghaven.com