In 2024, I consider Stellar Lumens would show best performance under $1.This cryptocurrency is very worthy according to me in this year. I have choosed this cryptocurrency for doing my fundamental analysis.
Stellar Lumens works on a consensus mechanism which is Stellar consensus protocol. Main purpose of this consensus protocol is to provide more efficiency and security in the transactions so that it may feel very suitable to all users and Financial institutions also.
There is a very strong team of developers and advisors stellar have and in team there is also co-founder of Ripple.Stellar partnerships with different organisations like IBM is important for the enhancement of adoption and usage in the financial industory.
- If I talk about community and adoption of Stellar then it has a community of developers which is quite growing and as its focus is on the financial inclusion and on the availability of accessible financial services to the unbanked population that's why it is also gaining a lot of attention.
- If I talk about market performance of Stellar then it has been good in the past but we cannot give guarrentee about the future results. I am saying it's performance good in the past because it has been recognized as a top cryptocurrency by the capitalization in the market and there was also significant growth of it.
From my fundamental analysis and by keeping in mind positive history of stellar I would definitely recommend to buy this cryptocurrency but this is not an advice by an expert because investment in cryptocurrency and buying it is also along with the as any cryptocurrency that is present here is highly volatile so before you make a high amount of investment you should go for your on personal research and should advise from a proper financial advisor and analyst.
Step by step guide for buying any selected cryptocurrency I am showing below:
- First of all there is a need to choose a cryptocurrency exchange which is reputable according to you.
- You have to create an account at the exchange that you have choosed already and for this you have to sign up and you have to go through the process of your verification.
- After the verification of your account you have to deposit some of the funds into your exchange account and you can choose anyway like Bank transfers or under payment method which is accepted for the deposition of your funds.
- There is a need to navigate for trading pair or market section for searching any cryptocurrency that you want to buy at the exchange.
- After that you have to place the order and for this you have to decide that you want to buy a particular cryptocurrency and then you have to set specific price at which you would like to purchase that particular cryptocurrency which you have choosed already.
- When you would feel yourself that now you are satisfied by the retails of order then you are independent to execute the trade.
- After the execution of trade now you can save your purchased coin or token into a secure wallet.
STEEM is a blockchain that is decentralized and it rewards users for the creation of their quality content as well as it also rewards curators when they curate content of others on the basis of their quality. As it is social media base platform that's fine it is gaining popularity day by day and my personal belief is that the future of this blockchain is going to be very bright.
First of all it is very important to consider that when we think to project the price of STEEM in 2024 then factors that we have to consider are the market demand, adoption,competition and advancements in technology. When more people would find their interest in the blockchain then demand of this token would automatically increase so it would increase the price of STEEM automatically.
Cryptocurrency is highly volatile and it can fluctuate with the passage of time because external factors are also associated with it like market sentiment ,regulatory changes ,economic conditions at global level also affect the price of all the cryptocurrencies to higher extent. If you want to project the price and want to have a better understanding of STEEM in 2024 then it is very important that we should keep in mind latest news and other developments in crypto world.
As Bitcoin halving is within the next few months so for all the cryptocurrencies everyone has higher expectations but if we relate past with present then when in 2020 Bitcoin halving take place then there was a sudden price increase we have seen at that time which was around 95% . After around 10 months price suddenly drive down but within sometime it again goes up and its was a very huge pump. So it was a very positive history that we see in the past as a result of BTC halving so again this is going to happen in 2024 at the end of March and I am expecting the same situation in 2024 with the STEEM that there would be a bullish trend we would see again and market would pump again and effects of that bullish would be long lasting so we should always hope for the best.
According to me it would be not wrong to say that definitely future of cryptocurrencies is promising. Bitcoin was introduced in 2009. If I talk about adoption and attention of cryptocurrency in various countries and in various industries like finance and technology it has gained significant attention.
There is a potential in the revolutionizing traditional financial systems that cryptocurrency have that's why their future is promising. Decentralization, transparency and of security are some of the important benefits that we can gain from the cryptocurrencies as well as it let different people to store their money by their own and have their own control on it rather than depositing it into the bank.
There are many people who are heartily welcoming cryptocurrency now because now they are becoming aware of its use and benefits. As cryptocurrencies are decentralized So it is not very easy too measure the exact statistical data about the adoption of the people but there could be some indicators that we can use for checking the growth of cryptocurrencies among population.
- Number of cryptocurrency and wallets Is the first indicator and if number of cryptocurrency and wallets are increasing then it is the indication of increase interest of population in cryptocurrencies.
- Acceptance of cryptocurrency by business is another indicator and it can be seen that either these are the large companies or small companies they are not agreed to select cryptocurrencies as a form of payment methods.
It was overall explanation but according to me cryptocurrency adoption in future is really going to be very exciting and interesting because reshaping of traditional financial systems and introducing new opportunities for innovation are some of the abilities that cryptocurrencies have and that is making it more adaptive. Button my advice is that if someone want to approach any cryptocurrency and then there is a need to follow caution because market is highly volatile and we cannot give guarrentee about market conditions so again search is important.
You have gave the answers to all question in a very detailed and deeply and I must say that there is a lot of hard work a behind your post and I think and that's great and we are keep on researching the topic 🙂.
As you mention that the future of cryptocurrency is promising and I Think that's great for all of us.
I wish good future to all of us.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I appreciate your extensive comment at my post and I am happy that you are considering my post that I have created it with a lot of hard work and it is giving you a detailed understanding and research about my topic so your words are very intelligent for me and yes I again agree with you strongly that when we talk about future of cryptocurrency then it is definitely very promising and reasons I have already explained in my post. Thank you so much for wishing me good luck in the future and I also wish you good luck in the future.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It was my pleasure 😀
Keep smiling 😌
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
❤️❤️
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Stay safe stay blessed 😇💖
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for blessing ☺️🙏🙏
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Your welcome 🤗
Good luck to you 🤞
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bitcoin will grow in price until the middle of 2024. And it will reach a price of $ 55,000 per coin, after which the correction will begin. But until then, within 5 months, the cryptocurrency market will grow in capitalization and as a result, all cryptocurrencies close to bitcoin will grow in price. This post is to encourage my analytics.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you so much for visiting my entry and for sharing your views that in the middle of 2024 when there would be halving then once the market correction would occur and then we would see many positive results in the prices related to the pump of cryptocurrencies and I am happy if you my post is encouraging regarding your analysis I would like to visit your entry soon.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hello friend greetings to you, hope you are doing well and good there.
Stellar Lumens is the favorite coin of you for long term holding. You think it can gives us too much in return. You have beautifully explained it's working mechanism and all the fundamentals. The way of buying crypto currencies is too much easy, you have defined it very well.
STEEM COIN can perform very well in the upcoming bull run as usual it did perform best in last bull runs. I hope it will easily cross $1.
I wish you very best of luck in this contest.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I appreciate your extensive comment at my entry and this is very valuable for me.
Stellar is one of my favourite coin I agree with you if someone wants to hold it for long term because I think it can be very beneficial and give a lot of benefits in return you are right as well as I have explained it's working mechanism also and along with this I tried my best to share a step by step procedure of buying any of the cryptocurrency of your choice which you want to buy.
STEEM can perform very well in 2024 because according to me and according to the past whenever there would be Bitcoin halving them definitely there would be a bullish run in STEEM also so for that reason we should hope for best and it would be very happy as you are saying if it would reach around $1 but you are expecting to cross it so let's hope for the best.
Thank you so much for wishing me good luck in this engagement challenge and soon I would like to visit your entry too but I wish you good luck in advance.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Upvoted. Thank You for sending some of your rewards to @null. It will make Steem stronger.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for upvote.
Setting 25% to null by burning of steems can drive up it's price
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
TEAM 5
Congratulations! Your comment has been upvoted through steemcurator08.Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks a lot @josepha for kind support
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I totally agree with you. The future of cryptocurrency adoption is going to be super exciting and interesting. Cryptocurrencies have the power to reshape traditional financial systems and bring in new opportunities for innovation. That's what makes them so adaptive and cool.
But hey, here's a friendly piece of advice, when approaching any cryptocurrency, it's important to be cautious. The market can be really volatile, and we can't guarantee the conditions. So, doing your research is key. Stay informed and make informed decisions. Knowledge is power.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you so much for visiting my post and I agree with you that when we talk about future of cryptocurrency regarding its adoption then it is going to be very super exciting because people are attracting day by day here because they are considering that it is very innovative and something which is more beneficial.
I agree with you that advice which you are giving to me and to everyone that we should always be very careful when we go to invest in any cryptocurrency because they are highly volatile but we cannot exactly predict about them that it is going to happen within some years the within some days or within some months to a particular cryptocurrency.
I agree with you that knowledge Is Power so we should always learn from each other
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The pleasure is mine friend. Good luck to us all
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
🤗
Thanks for wishing me good luck 🙏
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hello brother.
Stellar is indeed a strong project and You have shared valuable information on Steem fundamental analysis. We can expect a good rally in Altcoins as Bitcoin Halving is near and We can expand altrally at that time. I also think future of Cryptocurrencies is promising as It is accepted in many parts of the world.
Good luck for the contest.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you so much for visiting my entry and for sharing your views about the coins that I am expecting that it is very beneficial and innovative. I agree with you that halving is not very far that's why we should expect from all the cryptocurrency that they would pump surely.
Future of cryptocurrency is very promising because it is adopted and still it is adopting by different people in all over the world due to it's high demand now a days
Thank you so much for wishing me good luck I also wish you good luck
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I love your entire presentation of this topic the future of cryptocurrency. You gave wel detailed answers and analysis on it...
The rate of global adoption on crypto, is one of the major reason that we say that the future of crypto is promising and of course it us true. From 2017, there were over 170 million crypto users and now we have over 450 million users worldwide. Isn't it amazing? Of course it is and so we have great hope for the bright future of cryptocurrency...
Stellar Lumens is a good coin and your review on it gave good reason why it seems to have the potential to reach $1 this year. With a very good fundamental analysis on this coin, more reason backed up your claims.
Your step by step guide on how to buy steem was great and easy to follow, but it would have been better or nice to see the guide and steps on how to buy he stellar Lumens coin...
A historical check back to 2020 where the Bitcoin halving happened in May, we observed that there was an increase in the price of Bitcoin and steem wasn't left out. Steem rose from $0.16 to $0.32 at that time. So this year we should be expecting more than the previous. As for me I'm hoping to see $3.00 - $5.00 as steem price towards the end of the year..
Predicting thw price of cryptocurrency is tricky and we should remember that any kind of analysis does not guarantee accurate results or prediction.
Thanks for sharing and good luck
I also participated, have a look
https://steemit.com/hive-108451/@emmy01/steemit-crypto-academy-contest-s14w6-future-of-cryptocurrencies
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
By my first look on your comment it seems that you invest a lot of your time to write this comment because this is very detail and it seems that from my each and every paragraph you write the summary.
I agree with you that future of cryptocurrency is promising. I agree with you that stellar is one of the most worthiest that I have shared with all of you.
Thank you so much for praising my step by step guide to buy the cryptocurrency and I think it was very easy to understand for everyone through these screenshots that I have sharing in my post as well as you are talking about the historical check back when Bitcoin having occurs in 2020 then what was the impact at steem at that time and by keeping in mind that time we can conclude and we can predict that what is going to happen in 2024 after the halving of Bitcoin again so expectations should be high because you should always be hopeful and should not lose hope.
Thank you so much for wishing me good luck I am happy about your comment and I would like to visit your entry definitely that you have shared with me but I want to wish you good luck in advance before visiting it
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Your analysis of Stellar Lumens as a potential top performer under $1 in 2024 is insightful. The focus on its consensus protocol strong team and strategic partnerships adds depth to your fundamental analysis. Your caution about the volatility of the cryptocurrency market and the importance of personal research and financial advice is well-placed.
The step-by-step guide for buying cryptocurrencies is clear and beginner-friendly. Your emphasis on choosing a reputable exchange depositing funds and executing trades with screenshots provides a helpful roadmap for those new to the process.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Stellar would reach at around $1 and I believe in that and I agree with you that I focus on its consensus protocol at which it's work is done and it operates and I agree with you that we should be take precautions before investing in any cryptocurrency because we all know that it is highly volatile and their could be a lot of pumps and dumps in it depending up on the market demand and sentiment of market.
I agree with you that I tried my best to give a step by step guide for buying cryptocurrencies for any beginner and we should emphasize and focus on choosing a exchange which is highly replicable for depositing our fund to avoid any kind of risk.
Your comment was highly appreciateable to me soon I would like to visit your entry too.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hey there, @khursheedanwar! Your detailed analysis on Stellar Lumens rocks! Clear, concise steps to buy crypto - stellar work! 🚀 All the best in the contest, success for you! 👍
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you so much for visiting my post...
Stellar Lumens is really going to rocking in 2024.
Thank you so much for wishing me good luck I have also visiting your entry that was very informative for me
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for dropping by! Stellar Lumens gonna shine; let's ride that crypto wave! 🚀😄
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Your welcome 🤗
You second time comment at my post which is encouraging and let's ride crypto wave with ful of hope 😉😁
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
My good friend he did very well but analyzing and cross checking matters concerning cryptocurrency then you did perfectly well by breaking down this complex fact into simpler terms so that everyone could easily profit and get more experience or knowledge on cryptocurrency and it future.
Thank you very much for sharing, please you can check my own entry here
wishing you success
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you so much for your comment and I agree with you that there was some of the complex facts about prediction of recognise that I have broken down into simpler words and I give this so that every beginner and every person who don't have knowledge stand it in a more best and better way and I have already visiting your entry that was also amazing by which I get a lot of knowledge I also wish you success in this engagement challenge and it was my pleasure really to share my entry with all of you.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
hello dear @khursheedanwar Your analysis of Stellar Lumens (XLM) for potential performance in 2024 is well-researched and informative. The step-by-step guide on buying the selected cryptocurrency, accompanied by screenshots, is clear and helpful for readers who may be new to the process. You've appropriately emphasized the importance of personal research financial advice and understanding the volatile nature of cryptocurrency investments. Great job providing valuable insights and guidance...👍🌐💹
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks a lot for your valuable comment 🤠
I am happy that you like my analysis about Stellar Lumens and I consider it's performance very high in 2024 recording to the fundamental analysis that I made and also shared with you as well as I am happy that a step by step guide to buy with the currencies very clear to you.
Secondary I totally agree with you that before investing in any cryptocurrency your financial advisor advise and your own research is very important I wish you good luck for your future 💝
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit