Are you still kicking yourself for not jumping on the Bitcoin bandwagon in its early days? Despite the recent free fall in the value of the popular digital coin, as well as the value of the entire cryptocurrency market, in general, there are still plenty of believers in Bitcoin. However, Bitcoin is definitely not the only cryptocurrency available. It’s just been the one to receive the most attention and for good reason. Bitcoin has experienced massive surges and slides in its brief lifespan, sometimes in a matter of days or even hours. It’s risen as high as nearly $20,000 but saw the value drop more than 50 percent in a month’s time. For some, the roller coaster ride is too much. Still, others can’t wait to climb aboard.
However, with the price of Bitcoin still very high for most investors, there are many other cryptocurrency options on the market. So if you’re still not deterred and you want to get into the cryptocurrency game, you have a lot of options. If you’re like most people then you’re probably wondering which digital coin option has the best chance to become the next Bitcoin. Have you ever heard of Stellar? How about lumens? If not, now is a good time. For starters, Stellar was co-founded by Jed McCaleb, who created the first Bitcoin exchange, Mt. Gox. He is also the original founder of Ripple, another popular cryptocurrency. So McCaleb has some credibility in the industry, to say the least.
Stellar also has at least one big partner on its side, tech giant IBM, which announced in October that it would use Stellar’s currency, “lumens,” to partner with banks in order to provide overseas payments in the South Pacific. That means people can conduct business across continents and pay with lumens. This payment method is just beginning but it has the potential to change the way money is exchanged throughout the entire world. That’s because paying with cryptocurrency speeds up the money exchange process exponentially. One of the biggest differences between Stellar and Bitcoin is that Stellar has more business appeal.
Off to a Great Start in 2018
So how is Stellar doing? It’s still early, but so far, things look very positive. We're just a month into the New Year and Stellar’s performance has been…well, stellar. As of January 17th, the company had already seen its lumens market value jump from $2.5 billion to over $12 billion. What’s even more impressive is that Stellar has been on the rise while other cryptocurrencies have been experiencing deep declines. Furthermore, some analysts are already predicting even greater things for Stellar, with some seeing its market cap climbing to $183 billion by the end of the year. If that should happen, the value of lumens would see an increase of more 1,700 percent this year, which would leave forecasts for Bitcoin (140%) and Ethereum (170%) in the dust. So if you want to get into the cryptocurrency market, you could end up doing quite stellar, with lumens in 2018.