The crypto market has begun to recover in the second half of the year. Investors are actively seeking altcoins that will provide good returns by the end of the month. The most promising coins this month are Stellar (XLM), Solana (SOL), and MAGACOIN FINANCE. The tokens are distinct in their own ways, and they have different utility. However, they all have the potential to deliver massive returns in the next bull cycle.
Stellar has gained good traction over the past week following a fall in the middle of July. The XLM token is currently trading at 0.4583 after a noticeable breakoutof the downtrend. The rally was triggered by Ripple and the SEC filing a motion to conclude their protracted lawsuit. The ending has given a significant thrust to the digital payments industry.
Stellar competes with Ripple in the same arena. Many investors feel that it will stand to gain with an enhanced regulatory environment because of the recent development. The platform strives to provide swift and affordable cross-border payment. The network developers are implementing upgrades, and the project is becoming more widespread with new use cases. The revived interest and growing support are helping push XLM into the limelight.