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Stellar Price Prediction - Stellar on Track to Overtake Tether (USDT) and Binance Coin (BNB) After Major Price Spike

  • Alex Morris
    📰 News

    🚀📈The coin experienced a whopping 20 percent growth on a week-to-week basis

Stellar on Track to Overtake Tether (USDT) and Binance Coin (BNB) After Major Price Spike
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Stellar (XLM) has recently surpassed the psychologically important mark of $0.10 while it's price continues to grow over the last several days. The ongoing bullish momentum started last week when Germany media company Börsenmedien AG acquired Stellar-powered startup SatoshiPay.

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Surpassing Tether and Binance Coin

With a 7 percent increase over the last 24 hours, Stellar’s market cap is currently sitting at $1.9 bln. Thus, there is a good chance that Stellar (XLM) might surpass Tether (USDT) and Binance Coin (BNB) - both are hovering above $2 bln. If that does happen, Stellar will become the seventh biggest currency on CoinMarketCap (CMC).

Surpassing Tether and Binance Coin

German media giant behind the growth

As mentioned above, this sudden growth is driven by Satoshi Pays acquisition. German media company Börsenmedien AG claimed that getting a stake in the startup would help them implement a pay-per-article scheme on their websites. Satoshi Pay, as the name suggests, facilitates nano payments with the help of Stellar (XLM).

XLM and XRP

Stellar and Ripple’s XRP behave in a very similar fashion when there is an announcement about a major partnership. Recently, U.Today also reported about IBM revealing that its XLM-based cross-border payment system would onboard 40-50 banks in the nearest future.

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Stellar Price Prediction - 7 Best Penny Cryptocurrency to Invest Right Now in 2019

  • Denys Serhiichuk
    📚 WikiCoin

     

    Now one cannot surprise anyone by investing in Bitcoin or Ethereum. They are the most popular coins to invest in, however, in terms of profitability, you will not get thousands of percentages. In this case, it would be reasonable to attract attention to cryptocurrencies which cost $1 or less. In this article, we will cover those coins whose rate is low and are the most attractive for investment   

7 Best Penny Cryptocurrency to Invest Right Now in 2019
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Contents

Most investors choosing investment in cryptocurrency for some reason consider only Bitcoin. Yes, its liquidity is not comparable with other cryptocurrencies, but this is probably the only advantage.

At the moment, there are more than a dozen worthy counterparts that also have high volatility, and most importantly, the opportunity has appeared to buy or sell them pretty quickly.

Moreover, these digital currencies have one main advantage over Bitcoin: they are much cheaper, which means they have huge growth prospects. We selected the top 7 coins with a cost less than $1 and can give you profit in 2019.

DigiByte (DGB)

DigiByte is a special decentralized payment network based on 5 algorithms – Scrypt, Sha-256, Qubit, Skein, Groestl. This unique development makes DGB the fastest and one of the safest digital projects.

The fact that DigiByte is based on several algorithms makes mining this cryptocurrency as profitable as possible.

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DigiByte benefits

The project has quite a lot of advantages. Let's select the main ones:

  • Global network decentralization. The DGB network is distributed worldwide on 100,000 servers, PCs and other devices. It is worth noting that each device connected to the DigiByte network automatically becomes one of the nodes.

  • Maximum protection level. The DGB network operates on 5 algorithms, so it is not possible to hack it.

  • Fast transactions. DGB blocks are created every 15 seconds, making transfers within the network super-fast. In fact, now the DGB network is 40 times more powerful than the Bitcoin blockchain.

  • A limited supply of coins. A total of 21 billion DGB coins will be issued, which are planned to be mined until 2035.

DGB cryptocurrency is one of the most promising investment options at the moment. It was supported by many exchanges by adding it to their list of trades. This makes it clear that DGB can be trusted and put money into it.

Therefore, if you have the financial resources available, then feel free to add this digital asset to your long-term custody in your investment portfolio. In the long run, DGB has every chance to increase its value by several dozen times.

BitShares (BTS)

BitShares logo

On the basis of BitShares, independent companies with a decentralized structure are created. As a result, they bring reward to investors. It turns out that the more the system develops, the more profitable as an investment tool one of the cheapest coins becomes.

In 2018–2019, dozens of ICOs are scheduled for release based on BitShares. Not everyone will succeed, but a certain percentage will become noticeable. The platform is multifunctional, and it represents a whole ecosystem – this is both an exchange, a toolkit for developers, and a bank.

IOTA (MIOTA)

IOTA logo

The MIOTA project is based on Tangle technology, which provides a higher rate of transactions compared to competitors. Moreover, the uniqueness of this method lies in the fact that as the number of users grows, the scalability of the system improves. IOTA cryptocurrency was created as part of an innovative Internet of Things project. The development of this system involves such leading brands in the field of technology, such as Samsung, Google, IBM, and Microsoft. The mere fact that these companies paid attention to the project and to the Internet of things in general, speaks about the prospects of this direction. It is unlikely that world giants would waste time and money.

Analysts are confident that more than half of devices will connect to the Internet of things in 2022 – and IOTA has every chance of becoming an internal cryptocurrency. As for the benefits, the IOTA project allows for small transactions without technical problems and increasing the time of operations. The advantages of this system also include the absence of commissions. Accordingly, any transfers within the system will proceed without additional costs.

Stellar (XLM)

Stellar Lumens website

Generally speaking, Stellar is a hard fork of Ripple. At first, the platform even functioned on the same protocol, but soon the open-source one was developed.

The internal currency of the network was originally also called Stellar but was later renamed to Lumens. The separation from Ripple was not smooth, but this did not prevent the company from developing and achieving cooperation with IBM in 2017.

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The essence and rules of the system Stellar are:

  • The institute of privileged network members has been abolished. The non-profit and non-equity development fund of the Stellar Development Foundation, which was created by the team, is solely responsible for ensuring that the source code is always open.

  • The team has committed to publish reports covering the company's activities.

  • Lumens has a limited emission of 100 billion coins (as did Ripple), but there are also 2 indicators: 1% inflation per year and 5% for operating expenses. 25% of the total amount of coins will go to non-profit organizations.

  • The network has a restriction that no single holder of a large amount of XLM could sell coins for 5 years. Thus, the team managed to generate credibility from the users.

In general, it is worth noting that the Stellar system has a great future and good prospects. It has received good responses from the very beginning of its existence. Moreover, in 2018, it was recognized as the fastest growing cryptocurrency project for ICOs. The Stellar platform took 2nd place in terms of the number of ICOs held on its base (after Ethereum).

Civic (CVC)

Civic logo

Civic wants to create a decentralized network for identity cards, while users will have to pay a small fee for the services of professional certifiers. There is no certainty that this system will really work because deception and forgery are possible from many sides. However, an attempt to move away from centralized verification processes is worthy of attention.

The Civic project attracted a lot of attention when they started distributing free beer from a vending machine, with automatic age verification. It was a marketing gimmick, but at the same time noticed the unnecessary transaction costs associated with identity verification.

Pros: Civic has an impressive list of partners, including some of the most well-known names in the blockchain industry and beyond.

Cons: This is not the only player in this field. There are already several competing projects, such as Traceto and TheKey, developing similar systems.

Cardano (ADA)

Cardano logo

The project is interesting because there are three departments here: the Special Fund of Cardano; Emurgo, which is responsible for the development of marketing; and IOHK, a company operating in the blockchain industry. The main objective of the project at first glance may seem vague. Developers are working to create a decentralized economy and financial environment.

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Here are the main advantages of Cardano:

  • Reliability and high-speed network.

  • Separation of management levels.

  • The wide functionality allowing to use smart contracts, create applications, and also to work with payment system.

  • The system implements voting management, where users can make decisions on the future development of the project.

Status (SNT)

The Status network is closely related to Ethereum and is suitable for people using ETH as a platform or currency. Status is both a browser and instant messenger for interacting with distributed applications. The alpha version of the application already exists and is available for download on Android and iOS.

Using the application, you can:

  • Send and get encrypted messages and transactions based on smart contracts.

  • Interact with decentralized applications and use chat.

  • Keep and manage crypto assets.

The ecosystem as a whole is not yet sufficiently developed to talk about the completion of the project. The main thing is that the developers are not going to give it up. Participants in the cryptocurrency market show an increased interest in the coin. There is a possibility of its cost rising in the next few months.

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