Stellar (XLM) Might Reach $1 If Coinbase Would List The Crypto Token

Companies dedicated to making cross-border payments much easier are more and more turning to blockchain-based solutions, although there is an open “war” between banks and other fiat-based institutions and cryptocurrencies. However, when it comes to blockchain technologies that facilitate faster and safer cross-border payments, Ripple with its platforms, either based on XRP (XRP) or not, and Stellar (XLM) network are the best choices.

As for Stellar (XLM), its marketing strategy focuses on increasing the number of partnerships since more businesses that use Stellar blockchain for cross-border payments means a broader adoption of Stellar (XLM) crypto token.

Now, according to some crypto market analyst, Stellar (XLM) might reach $1 if Coinbase would list the token, eventually. In fact, Coinbase teased the world’s cryptocurrency enthusiasts in July when the crypto exchange platform admitted that it’s “exploring the addition of the following assets to Coinbase: Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX).”

Stellar (XLM) Might Reach $1 If Coinbase Would List The Crypto Token

Since Coinbase made that announcement, the platform has already added 0x (ZRX) in October, while yesterday, the crypto exchange informed the listing of Basic Attention Token (BAT) on its Coinbase Pro platform.

As a consequence of this addition, Basic Attention Token (BAT) skyrocketed in the crypto market.

Now, getting back on Stellar (XLM), some analysts voiced that the XLM would be next on Coinbase list. If indeed Stellar (XLM) reaches Coinbase crypto exchange platform or Coinbase Pro, then the XLM would undoubtedly go on a bullish run in the market. If that’s going to happen, we might see Stellar (XLM) reaching $1.

At the moment of this writing, Stellar (XLM) trades at $0.237, after appreciating by about 5.30% in the last 24 hours. With a market capitalization of approximately $4.5 billion, Stellar (XLM) is the 6th cryptocurrency by market cap.

Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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