Stellar (XLM) Breaks Above $0.30, Projects Regains Popularity

Stellar (XLM), the multi-purpose project combining payments, ICOs, even smart contracts, is trying to regain its popularity, and capitalize on its prominent position among the top 10 of coins and tokens. XLM broke above the $0.30 level again, growing by around 9% in the past day to $0.31, as the markets generally recovered.

The Stellar project remains one of the stronger contenders for influence as a platform, although the addition of new ICOs has slowed down, and the most prominent asset at the moment is the Mobius ICO. The Mobius project recently released its code on GitHub, and launched a beta version of its dapp store.

The efforts of Stellar to add developers to its open-source platform continue, and may have effect in the long term. The project recently released resources to help with graphics and design for new Stellar-based projects.

“The wait is FINALLY over! We’re excited to announce the results of the 6th Stellar Build Challenge. There were over 300 submissions and so many great projects! Congratulations to everyone who participated!” This was announced recently by Stellar on their Twitter page!

So far, the KIN project is not yet revealing details on the migration to the Stellar network, or the token registration. KIN, which gathered more than $70 million in a high-profile ICO, is standing on a lot of Ethereum, and facing the challenge of transferring the funds of 10,000 international backers to a whole new network.

At the same time, the XLM digital asset is enjoying almost constant attention on the Asian markets, receiving boosts as interest in prominent altcoins returns. On Binance, however, right now Stellar remains overlooked, as projects like Verge (XVG) and Cardano (ADA) are making the most prominent trades these days. But XLM trading is near the top 10 of coins, and may pick up at any moment, as activity is becoming more consistent in the past week.

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Author: Christine Masters
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