Will Stellar be a Good Investment in 2019?

By Sumedha Bose

It’s been a stellar year, for the cryptocurrency Stellar, as an investment.

But if you are asking yourself if Stellar will be a good investment in 2019, we might be able to help you figure that out.

Although in this year, Stellar grew to have 10 times the number of users, than it did in the beginning of 2018, it still saw some dismal downs.

However, with the downward slide of the entire market, we cannot blame Stellar for its poor performance towards the end of the year.

Nevertheless, it made some serious headway and secured the 6th rank on the list, in mid October.

You May Also Read: A Beginner’s Guide to Stellar (XLM)

Stellar As An Investment: Worth Your Money?

Stellar is currently at number 6 on the cryptocurency ranking list, which is highly imppressive.

It is trading at $0.116287 USD and has a Market Capitalization of $2,228,371,970 USD at the moment.

It witnessed its all time high back in January, trading at $0.875563 USD. Since then it has dropped approximately by 87% in the year alone.

Unlike other cryptocurrencies however, Stellar has not dropped sharply in the year 2018. It has maintained some consistency as is clear from the chart below.

Source: CoinMarketCap

It has seen its fair share of ups and downs in the year 2018 but it is impressive that it managed to climb to position 6 on the rankings, despite the market slump.

You May Also Read: Pros and Cons of Stellar

Should You Invest In Stellar?

Stellar has displayed some impressive tenacity this year.

Stellar was designed as a payment protocol which has a lot of potential and high ambitions.

To begin with, it offers a high transaction speed, which allows it to procees 2000 transactions per second. Hence, each transaction gets validated within 5 seconds maximum

It is a largely decentralized cryptocurrency and it does not have a set number of validators, allowing the pool to incorporate more participants.

The cryptocurrency also has low costs compared to few of its other competitors.

You May Also Read: A ‘Stellar’ Performance: XLM Makes Headways in Cryptoverse

Price Prediction for Stellar In 2019

All things considered, experts believe that Stellar has actual potential to become big in 2019.

One can expect moderate returns if they were to invest in Stellar at this point, but there is potential for development and greater returns in the long term.

Even amidst the bearish market conditions, Stellar has consistently grown. Going into 2019, we expect a bullish outbreak of the cryptocurrency.

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Sumedha Bose

Sumedha uses words as her crutch to get by in life. She takes a keen interest in debating, dancing and destroying the patriarchy in her free time. She can be contacted at [email protected].

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