Why is Stellar (XLM) Rising? (Part 2)

Update #1 (2018-09-28, 14:20 am EST): We recently made our honest and in-depth Stellar (XLM) price prediction. You can check it out here! In that report, we noted that the announcement of Interstellar — a merger between Chain, Inc. and Lightyear Corporation — may be one of the factors driving the coin’s increase in valuation. However, there’s another recent development which has helped bolster Stellar over the summer.

StellarX

In July, an official Medium post announced the creation of StellarX — “the first full-featured trading app for Stellar’s universal marketplace” which allows for the trading of fiat, crypto, bonds, and other assets while affording users the ability to maintain complete control over their keys. In addition to allowing users the ability to deposit and redeem off-chain assets, StellarX promises truly decentralized peer-to-peer trading with no middleman fees.

Too Good to Be True?

StellarX promises some exciting stuff, but is it too good to be true? Only time will tell. StellarX is currently in beta and, according to its official website, “will be open to the public in a few weeks.” While the success of StellarX remains to be seen, the promises made by the platform and the inherent potential of the project are certainly worth paying attention to — which is probably one reason the altcoin has performed relatively well during this prolonged bear market. At the time of this writing, Stellar (XLM) is trading at $0.235, up 18.46 percent over the last seven days. What do you think of StellarX and the performance of Stellar (XLM) this year? Let us know your thoughts in the comments below!