Stellar XLM recorded a major boost, as it recorded a groundbreaking 1 million wallets increase. The historic feat was achieved in the wake of its’ $125 million airdrops, after its effective partnership with Blockchain.com wallet, which is regarded in some many quarters as one of the bourgeois airdrops in the crypto market.
A Momentous Achievement
The fortune of Stellar XLM proliferated over a couple of months, an achievement that has been credited to the network’s resilience and foresightedness’. The stellar network had 1 million wallets as at July this year, meaning that the organization experienced a 100% growth in just a couple of months.
The growth and development of the network is a big testament and a warning shot, in the already proliferated market. Stellar is one of the biggest altcoins famous for its cross-border payment supporting all currency pairs. The network helps to facilitate digital currency to fiat currency transfers and its supported by the Stellar foundation.
Cementing its claim as one of the biggest players in the industry, XLM broke a record as the best performing currency among the top ten this week, according to the respected Coinmarketapp.com.
The major leap might not be unconnected to the increasing number of active wallet on the network. The network experienced an increase in its asset this week, witnessing an increase of 7.43 within a day, during the recovery period experienced within the week.
The Top Ten Cryptocurrencies
The top ten cryptocurrencies experienced a nice outing today, as virtually all of them were in the green, except BCH which has been dragging and struggling during the week.
The feelers in the crypto community are that if XLM cam maintain this momentum, then it might give major competitors a major run in 2019. Digital currency might experience a good outing next year, as the demand is stretching beyond the shores of the developed countries, as more countries are looking towards the direction of cryptocurrency for economic survival and financial prominence.
The next few days will be quite interesting, especially for people who are keen on payment such as XRP and XLM. The two networks are others in the top ten are recording a nice outing so far, and the competition might prove to be useful to the crypto community, as it will help users to decide the preferred options while having confidence that virtually all the available options are credible and secure.