Stellar (XLM) Could Become ‘Rock Star,’ Veteran Commodity Trader Says
Main Idea
Veteran commodity trader Peter Brandt predicts that Stellar (XLM) could become a standout cryptocurrency, while also stating that 95% of coins will become worthless.
Key Points
1. Peter Brandt believes Stellar (XLM) could become 'a rock star' in the cryptocurrency market.
2. Brandt predicts that 95% of all cryptocurrencies will become 'worthless'.
3. XLM recently outperformed XRP during the July rally, despite both being associated with Jed McCaleb.
4. XLM is currently ranked as the 16th largest cryptocurrency by market capitalization, ahead of Chainlink (LINK) and Hedera (HBAR).
5. XLM's price reached $0.52 on July 18 on Binance but is currently down by 16%.
Description
Prominent trader Peter Brandt has flipped the "pet rock" metaphor with Stellar (XLM), predicting that the latter could become "a rock star"
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