Stellar (XLM) spikes in number of active accounts, here’s why


Looking at Stellar‘s site, we can see a massive increase in the number of active accounts.

The question is how did this happen? What led to their massive growth?

Everyone knows that the cryptocurrency market has experienced a very hard downtrend during 2018. Most of the virtual currencies lost part of their value, including Stellar Lumens. During this year, Stellar lost around 85% of its price.

Looking at the data from the site, It took almost four years to get from 0 to 1,000,000 accounts, and only two months to double the number. That’s pretty amazing.

One of the most important things related to this impressive growth is related to the massive airdrop conducted by Stellar.

After signing a partnership with Blockchain.com, Stellar decided to conduct a $125 million airdrop. Because of this, Stellar became the network performing the largest airdrop in the market ever.

but there’s more to it..

IBM and Stellar have also been working side by side in many different fields. IBM and Stellar launched a program that allows consumers and merchants in the South Pacific region to make cross-border payments. IBM is using Stellar Lumens (XLM) as well for these projects.

As we can tell from other cryptocurrency trends, the market follows partnership news in a positive way.

In addition to that, The Diruna project registered more than 1 million active accounts. In this way, Diruna (DRN) helped Stellar increase the number of active accounts on the network.

Our thoughts

One of the biggest things that we all need to consider before dumping all our savings into Stellar is whether or not these active accounts will be sustainable growth. Everyone likes free money and that includes free Stellar. Running a giveaway is a great way to grow the company, but can they maintain their growth for the long term is what we should be thinking about.


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Wilson

Wilson is a 3x Startup Entrepreneur. He is passionate about the cryptocurrency space. You can catch him tweeting about cryptocurrency often @itswilson8

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