How to buy Stellar / XLM in Canada Nov 18th

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How to buy Stellar / XLM in Canada

– moneysense.ca

Since the cryptocurrency market crash in May, smaller altcoins have been steadily stealing the march on leading digital coins. Altcoins’ relatively faster rise in value, compared to crypto heavyweights like bitcoin and ether, has sparked dramatic investor interest in some lesser-known tokens over the past year.

One of the beneficiaries of this trend has been Stellar lumens. With a price point below US$1 and annual gains equalling that of Ripple (the seventh-largest coin), Stellar is viewed by some investors as a reasonable crypto bet to achieve growth and diversification. Its low-price and high-upside potential makes it a particularly attractive proposition for those wanting to test the waters before wading deeper into the cryptosphere.

Thanks to its payment processing power and provenance, Stellar has come to be regarded as a serious challenger to Ripple, which is a considerably stronger altcoin both in terms of the unit price and market capitalization. What makes Stellar even more interesting in the short to medium term is the fact that, unlike other crypto issuers, it’s partnering with some central banks, such as the National Bank of Ukraine, to help develop their own digital currencies…

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