Despite the temporary consolidation in the cryptocurrency market, Stellar (XLM) has been recording gains on all of its charts, growing its value nearly 100% since the year’s turn and sparking hopes it could overtake its all-time high (ATH) and even proceed toward $1.
That said, Finbold has analyzed the main factors that could lead this cryptocurrency toward hitting the psychologically important level of $1, bearing in mind that its ATH of $0.88, reached back in January 2018, is 529% higher than the price of Stellar at press time.
Increased use for micropayments
Small payments, typically less than a dollar, are often used to pay for things like online content, subscriptions, and gaming, but traditional payment processors like PayPal (NASDAQ: PYPL) and Western Union (NYSE: WU) have high fees for them, making these processors impractical for these uses.
Thanks to its low fees (around 0.00001 XLM or only a fraction of a cent) and fast transaction processing, the Stellar network is a good
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