1 Cryptocurrency That Even This Skeptic Is Buying

I admit it. I've never really been on the cryptocurrency train. While I can fully appreciate the potential of crypto's underlying blockchain technology, simply creating an unlimited number of alternative, unregulated currencies out of thin air sets the stage for disaster. Everything prompts a reaction of some sort sooner or later. Often, those reactions are unforeseen and undesirable outcomes.

However, there are a couple of up-and-comers that have caught my eye of late. Of the two in question, I might end up actually taking a shot on Stellar Lumen (CRYPTO: XLM).

Ever since they moved into the mainstream, one of my chief hangups with cryptocurrencies has been their limited degree of practical use. For a crypto to be a successful alternative to fiat money, enough sellers must be willing to accept it as payment, and enough buyers must be willing to use it as a means of payment. That has been the underlying reason so many cryptocurrencies and related stocks have been struggling of late: Not enough participants can agree on which of a plethora of altcoins out there are the ones to commonly utilize. Most of the early ones were established without a particular usage in mind.

Source Fool.com