Stellar is currently in the top 10 of the world’s biggest cryptocurrencies, in terms of market cap, but this could change in the near future. After a great week, alongside Ethereum, development-wise, the coin could do even better, according to a report from Crypto Gazette.
Ethereum’s Vitalik Buterin announced the publication of “Casper” and “Plasma”, which signals that ETH would extend its dominance over competitors, but Stellar seemed one of the few coins ready to continue fighting for its market slice.
Currently, the smart contracts and dApps platfom is dealing with some serious competitors, like EOS, NEO, or NEM, all of them being stacked up against Ethereum’s lead. Stellar, on the other side, has all the chances of coming out strongly out of the rest!
Everything is based on plans, at least for the moment
Of course, it’s worth mentioning that this is just an assumption, based on a document released earlier this year by Stellar.org: the 2018 Stellar Roadmap. It reveals that the company behind the XLM coin has two major goals for this year: launching the Stellar Decentralised Exchange and implement the Lightning Network, in an attempt to improve on scalability an speed.
If these two major objectives will be reached, Stellar will become faster and cheaper, while the Exchange could make XLM very appealing to investors and important partners.
The good news is that SDEX is already operational and several trading assets can be traded. In this very moment, we’re talking about 11 different coin pairs, to be more specific.
More and more companies to use the network?
As for the company’s predicted growth for this year, the entire progress is related to what tokens get when they launch on the platform: they will be listed as niceties. This could play a vital role in attracting an important number of ICO companies to use the Stellar network.
Besides all these, Stellar is expected to fund the development of OKCupid’s Keybase project, which is nothing but good news for the community.
Even though it’s now trading at under $1, the coin has a lot of potential to grow, being able to fight with the top 3 currencies as well!