Is Stellar Lumens a Safe Investment?
While developers of most cryptocurrencies hope one day that their tokens will go to the moon, the team behind Stellar Lumens (CRYPTO: XLM) has their eyes set on the distant stars. Well, that's figuratively speaking, but the non-profit Stellar Development Foundation came into play with the altruistic goal of creating a borderless blockchain payment network that helps the underbanked in poor and developing countries.
But its early investors have greatly benefited from the network as well. Those who bought a stake at its inception are now sitting on a stunning 15,000% return after seven years. XLM is now the 18th largest cryptocurrency in the world, with a market cap of $7.5 billion. That is despite fierce competition from XRP (CRYPTO: XRP) and its developer, Ripple Labs. So, can new investors see the same interstellar jump in XLM's price if they buy now?
Image source: Getty Images.
Source Fool.com
