Stellar Lumens (XLM) fell by 11% since the collapse of the Silicon Valley Bank (SVB). But it has since been resisting the bearish market trend.
Its market capitalization has fallen a little below $2 billion last week, though its current market capitalization stands at $2.29 billion. The price change in relation to the degree of volume and market cap changes gives Stellar a low-risk rating.
Blockchain-based distributed ledger platform, Stellar Lumens, has announced the launch of the Stellar Asset Sandbox. Stellar announced via its official Twitter handle last month. Through this Sandbox, users can issue, mint, or burn new assets through the Stellar testnet without coding knowledge.
Read Price Prediction for Stellar [XLM] 2023-24
Stellar is today one of the best platforms for facilitating faster and easier international financial transactions. It is based on a decentralized on-chain protocol. Stellar users trade in Lumens (XLM) which is the platform’s native cryptocurrency.
Another important feature of Stellar is that individuals are more interested in Stellar than organizations as it is a platform for small-amount payments. It is gaining popularity due to its simple user interface.
Stellar enables real-time transactions to occur anywhere in the world in as little as five seconds. A new smart contracts platform called Soroban has released its second preview . The upgrade intends to increase platform developer friendliness, scalability, and sensibility.
Only recently, Ethereum transitioned from the proof-of-work (PoS) to the proof-of-stake (PoS) consensus mechanism following the Merge. The step underlines the need for cryptocurrencies to move towards eco-friendly methods. In this regard, Stellar is very promising, as it
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