By Solomon Odunayo
Weiss Crypto Ratings, the leading provider of independent, unbiased, trusted ratings of Stocks, Mutual Funds, Cryptocurrencies, ETFs, and Financial Institutions, has recently acknowledged Stellar Lumens (XLM) potentials among other cryptocurrency projects.
In one of its rating posts on Twitter, the Crypto Rater mentioned the efforts put in place by Stellar (XLM) to invest in a Decentralized Exchange (DEX).
It also mentioned that Stellar has always been the best project from a tech perspective, because it is fast, cheap, coupled with the potential to be very decentralized.
Conclusively, the Crypto Rater pointed out that the Stellar Consensus Protocol stands out among other cryptographic projects in terms of the number of TPS allowed.
“Stellar invests in a DEX! From a tech perspective, Stellar has always been one of the best projects. It is fast, cheap and has the potential to be very decentralized. Stellar Consensus Protocol allows for TPS of up to 10k. Most projects don’t come anywhere close,” Stellar shared.
@StellarOrg invests in a #DEX! From a tech perspective, #Stellar has always been one of the best projects. It is fast, cheap and has the potential to be very decentralized. Stellar Consensus Protocol allows for TPS of up to 10k. Most projects don't come anywhere close. $XLM $ETH
— Weiss Crypto (@WeissCrypto) March 4, 2020
Stellar Lumens (XLM) in the Market
Stellar Lumens (XLM), the 13th largest cryptocurrency by market capitalization has been one of the top performers among the top 20 digital currencies since the market started showcasing elements of price appreciation.
At the time of filing this report, XLM is trading at $0.060608, with a 3.38% price uptrend in the last 24 hours.
Stellar-Based IoT App Nodle Joins the Race of Tokenized Connectivity
According to a report, an App that gives room for users to earn a Stellar-based token by providing the final step of connectivity for internet-of-things (IoT) devices has now gone live on Apple’s App Store.
Micha Benoliel, the Nodle CEO, while in a conversation with CoinDesk, said, “The Nodle Cash app for iOS has been in development for the last six months. We believe Nodle is truly for everyone.”
Benoliel also added that the company believes that the addition of the App on iOS will greatly increase its user base.
“We believe the value of the coin will be directly supported by the demand for the network and its services. The only way to get Nodle Cash today is to generate it on your phone,” Benoliel said.