![]() ![]() More importantly, many are laying off staff, but a small minority is hiring.Īlthough we would classify the following as anecdotal evidence, or data with a secondary importance for our Stellar Lumens price forecast 2019, Stellar Lumens as an organisation is hiring. What we are saying is that the vast majority of crypto projects failed miserably, and it became clear in recent months. This is especially important for our Stellar Lumens price forecast 2019 because of the horrible and painful crash in the crypto market. We clearly do see signs of traction in Stellar Lumens. Stellar Lumens price forecast bullish because of ‘traction’ Because of this it does not discriminate between people that have an official bank account or not because anyone can do a payment transaction as long as you you have that an asset can be accepted on the Stellar network. That’s because of the attributes of the Stellar network outlined above in the first section, and the function of Lumens as a digital asset in there: cheap, reliable, fast. The service of Stellar Lumens is especially interesting for the large group of people that desire to do cross-border payments as well as the huge group of unbanked in the world. So which problem does Stellar Lumens solve, and which signs of traction do we see? Taking this viewpoint neutralizes the largely irrelevant concepts of cryptocurrency market cap and the likes. It is also the reason why we attach some much value to this as part of our Stellar Lumens price forecast for 2019 (similar to any other price forecast in the crypto space). This is, by far, the most important challenge that any startup faces, also every crypto startup that has a cryptocurrency. The larger the market the bigger the potential for the startup. This means that the startup develops a product or service in a way that it solves a problem for certain segments of the market. ![]() In startup terms it means that there is product/market fit. ![]() The most important signs to look for is ‘traction’. Looking at things in this way implies that 90% of startups fail (miserably) because they develop products that the world does not need. The fact they have a token is of secondary importance. Stellar Lumens price forecast based on “Lean Startup” principlesĮvery cryptocurrency is essentially a crypto startup. ![]() What this picture shows in essence is that the Stellar network uses the token Lumens to ‘transfer’ an amount in any currency into any other currency in a seamless and ultra straightforward way. One should try to compare this with the immensely complex legacy payment systems for which we even don’t dare to pull up a functional flow. This may look somehow complicated but it is as simple as can be. The functional flow of Stellar Lumens’s blockchain based payment platform is shown on this picture ( courtesy of Achainofblocks). The huge benefit that this platform brings to the table is that it executes fast, secure, and ultra-cheap payments between a very large number of currency pairs. In essence this is a global payment platform facilitated by Stellar Lumens as a digital asset. Stellar is an open-source and decentralized blockchain platform with a native currency with symbol XLM. Note that this, and much more actionable insights, is what InvestingHaven offers on its crypto & blockchain investing research service. ![]()
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