• Stellar (XLM) Competes with XRP and Ethereum ETH — Will It Reach New ATH of $0.93 Soon?

    • With the introduction of Litemint, Stellar has entered the non-fungible token market.
    • Stellar’s utility is identified as a cross-border payment solution.
    • XLM will face competition from XRP and ETH.
    • The price of XLM may soon reach a new all-time high (ATH).

    Stellar’s entry into non-fungible tokens (NFTs) via Livemint results in a bullish price reversal for the XLM coin.

    Stellar Current Market Situation

    Stellar is currently ranked 25th on CoinMarketCap. Furthermore, at the time of writing, the price of XLM is $0.3349, with a 24-hour trading volume of $528,761,993.

    Binance, OKEx, FTX, CoinTiger, and Huobi Global all have the XLM coin available for purchase. If the current bullish trend continues, the XLM price could soon reach a new all-time high (ATH).

    XLM is a competitor to ETH and XRP.

    Stellar, a decentralized protocol, identifies its utility as a cross-border payment solution. Furthermore, the native asset of the blockchain network, XLM, will compete with Ripple (XRP). Furthermore, proponents have accused altcoin of being uninformed about recent crypto trends.

    Furthermore, one of the Ethereum ecosystem’s oldest projects, CryptoPunks, pioneers digital art and collectibles. Notably, CryptoPunks is a collection of 10,000 pixelated, one-of-a-kind faces. Furthermore, NFTs have spawned a slew of layer 2 scaling solutions and blockchain networks.

    With the launch of Litemint, Stellar has recently entered the non-fungible token trend.

    It’s truly exciting to see more artists and creators around the world take advantage of Stellar’s low fees to participate in the new emerging creative economies! Congratulations @LitemintHQ for providing a platform that’s accessible to everyone! https://t.co/Yu0DjECCq6

    — Stellar (@StellarOrg) September 5, 2021

    In fact, Livemint offers low-cost minting that takes only a few seconds. Furthermore, the low investment and time required will encourage creators to join Litemint. As a result, the Stellar Network’s demand as an XLM asset is increasing.

    Furthermore, the Monetary Authority of Singapore (MAS) recently selected Stellar Development Foundation (SDF) to create and showcase Central Bank Digital Currency (CBDC) solutions. Notably, this is regarded as a positive development for the altcoin.

    Furthermore, the Stellar blockchain, along with Cardano, Chainlink, and other altcoins, has produced top projects in terms of average daily development activity on Github. Overall, the Stellar ecosystem update is likely to prompt a bullish outlook among traders and NFT holders.

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