Stellar Airdrop: Stellar (XLM) Price Dramatically Affected by Coinbase $ 100 Million Stellar Airdrop – Stellar Price Prediction 2019
The Stellar Project has been going well since its inception. The platform has done a lot of work per adoption around the world. If you’ve never taken part in a Stellar airdrop, this may be your chance to take part, as Coinbase recently announced that it is giving away $ 100 million to Stellar (XLM). This Stellar Airdrop will have a long-term impact on the Stellar Price Prediction 2019. However, the Coinbase Stellar Airdrop will do more than just increase the price of XLM.
How will the Stellar Airdrop on Coinbase affect the Stellar Blockchain?
Two days ago, Coinbase, the American cryptocurrency giant, announced that it would be giving away $ 100 million in XLM in an upcoming Stellar Airdrop. Each person has the chance to earn at least $ 50 in XLM. The goal of this standout airdrop is to promote cryptocurrency education among its users and motivate them for their loyalty. To participate in this stellar airdrop, it is not enough to just have a Coinbase account. You need to watch the Stellar instructional videos and share these videos with your friends to earn tokens.
This Coinbase Stellar Airdrop comes just months after Blockchain.com launched its own Stellar Airdrop to issue $ 125 million in Stellar (XLM) tokens. Just like the Stellar Airdrop hosted by Coinbase, this Airdrop was also geared towards adoption. In addition, it should serve as an incentive for users who participated in the verification process of Blockchain.com “Know-your-Customer”. Meanwhile, the Stellar Development Foundation plans to give away $ 7.7 billion for another Stellar airdrop. Certainly the Coinbase Stellar Airdrop, along with all other Stellar Airdrops, will raise awareness of the Stellar network. The question is how will this affect the Stellar XLM token?
Stellar Airdrop and the price of XLM
All Stellar Airdrops will bring many XLM tokens into circulation. This Coinbase airdrop for Stellar is the largest airdrop the company has ever held and is sponsored by the Stellar Development Foundation. While it will fuel adoption for the Stellar token and the Stellar network, it could put too much pressure on the price of XLM and cause it to decline. This is because pumping more tokens into circulation reduces scarcity and can have a negative impact on price.
According to a post on Decrypt, Stellar airdrops are great in the short term, but not so very long term. More cryptocurrency enthusiasts can join the Stellar community due to the hype generated by the Stellar Airdrop. DApps developers will also join the Stellar blockchain and start developing apps. However, the price of the native token will suffer in the long run. Stellar Airdrops do not guarantee that the network will last or that the Stellar (XLM) token will increase in price in the long term.
Stellar (XLM) Price Today – XLM / USD
At the time of writing, Stellar (XLM) was trading in red against the USD at $ 0.106657. This means it is down 0.14% against the USD and 0.32% against BTC. The 24-hour trading volume is $ 232,963,005 and the market capitalization is $ 2,051,881,262 per CoinMarketcap.com.
What do you think of the Stellar airdrop being hosted on Coinbase? Will the 2019 Stellar price prediction be affected by the Coinbase airdrop? Share your thoughts in the comment section.