Stellar (XLM) holds lots of potential for growth going into the future. It has a massive potential to disrupt the trillion dollar finance industry, and this potential has not gone unnoticed. Recently, Rency ratings agency, an agency that is active in different industries released a crypto ranking and Stellar emerged number one with a ranking of A-. That’s way higher than bitcoin (BTC) which scored a C. In this ranking, Stellar ranked top on several parameters including fees, speed, the network effect among several others.
However, the parameter in which it beat all the other cryptos by a big margin is in the team strength. On this parameter, Stellar has a score of 94. Under the Rency rating, team strength encompasses different aspects such as team size, experience and their activity in the market. This goes to show that Stellar has one of the best, most experienced teams in crypto. Going by the moves that Stellar has been making in the market, there is no doubt that it has a solid team behind it. A person like Jed McCaleb has played a huge role in the partnerships Stellar has with companies like IBM, as well as the recent purchase of Chain and the subsequent formation of Interstellar.
But the Rency ranking is not the only good news that Stellar has at the moment. There is also the news of IBM adding three more validators on Stellar. The three new validators are in Frankfurt, Oregon and Singapore. This goes to show how far IBM is willing to go in scaling out the Stellar network, and pushing for its adoption. Frankfurt is a key banking city and is home to the European Central Bank, as well as several major banks including Deutsche bank. This is a good sign for the adoption of Stellar in the European banking industry, in direct competition with XRP, and will play a role to its overall adoption in the industry.
With such a strong position in the market, there is no doubt that Stellar (XLM) will emerge as a top performer in the market. Even in the depths of the bear market, Stellar (XLM) is still holding strong relative to the rest of the market. In the last couple days of huge price drops, Stellar (XLM) is one of the few cryptos that held their values. Today, as the market shows signs of a rebound, it has emerged as one of the biggest gainers of the major altcoins. It’s up by over 8%.
Going by its strong position in the market, Stellar (XLM) is in a good position to outperform the market in the long-run. It’s forays in the banking industry coupled with its potential to lead the tokenization of securities pretty much gurantee its growth. Security tokenization on the stellar network could see the valuation of this crypto hit a couple of dollars in coming months. It holds lots of promise going into the long-run.