hello everyone in this one I want to do a video on Stella Lumen xlm and this was actually a video that I meant to do pre the recent price movement that we saw for xlm the asset the token of the Stella Lumin blockchain and I was very much going to make the case and will be doing in this video for Stella lumens um and the case I think that I'm going to make is the very case that email made as it related to the current form at the time way back when of communication the reason
that xlm the reason that Stella lumens is going to do well is the same reason that the preferred method of communication is email and more broadly um a lot of the messaging service that we have that are related to the internet the preferred method of trans acting value globally is going to be blockchain over the current Legacy systems that we have to um compete with or contend with today and to start the video off before we get into some price action we'll be looking at the recent move that Stella lumens has made and we're also
going to be talking about the potential future that it has ahead of it um those of you that watch me regularly will know I'm a big fan of xrp I can see real value and utility there certainly we've seen coins like xrp and xlm do very well on the back end of of a trump Victory um for a number of very obvious reasons one of course is the regulatory stance that was uh or the cryptocurrency space has been under under Gary Gensler that regime is no more or will be no more and there's likely going
to be be a very crypto-friendly regime in place but what I want to do to start the video off is really play you guys a clip that was retweeted from Danielle Dixon of a firm with over a trillion dollars worth of value you that is essentially already using and utilizing stellar and they make the perfect case in my opinion for why this blockchain is going to succeed and it's the same case going back to what I said at the start of the video the email made as it related to um the current method back when
it came onto the scenes of communication it was predominantly letters and we know email transformed many many things and now we have messaging services which are kind of an extension of that blockchains are very much a similar Innovation um but it relates to Value perhaps not information so I'm going to go ahead and mute my mic and we're going to dive into this clip and then we're going to take a look at some price action and I'm going to show you what I think the future has to hold for xlm as an asset and more
broadly Stell lumens I think there's been a big transformation this year with the ification of crypto and blockchain um and you know crypto is the main asset that sits on a blockchainbased recording system recordkeeping system um what we see is now a lot more people are adopting seeing the benefits whether it be cost efficiency transparency interconnectedness of operating on a blockchainbased system with a single Ledger and we see that's really driving um you know Drive will drive the industry in the next 12 months be on very quickly so so you feel it's it's the efficiency
gains from putting a fund structure on a chain yeah I mean we we we did a study where we for tra on the traditional way that we record a transaction it cost us about a dollar to do that so for us to do 50,000 transactions on a traditional rail cost $50,000 50,000 transactions that we've done on the Stellar network has cost us $120 so there is a huge cost saving but then that cost saving also leads to efficiencies in the sense that you don't have to do the reconciliation of multiple Ledges you don't have to
remediate issues everyone gets the same information synchronously yeah so there it's it's it's a real cost that we can you know um identify the actual saving and then these other benefits you know we spend about 200 million a year on remediation reconciliation once we if we can move all the 1.7 trillion of our ass assets currently we have about 500 million if we can move that all onto blockchain we will save $200 million excluding the transaction cost which will be you know 0.25 of what they are today so you know yeah it's it's huge it's
just you know the the big move is moving from a multic custodial a custodial model to a blockchainbased system where we don't have third parties like Banks like HSBC overseeing um that's the big change that we have to that's that's going to create the friction and I think that video there really made the case for xlm better than I could have as somebody that isn't currently using it to solve what for them is a what was it$ 1.7 trillion doll problem um where the world is going is towards blockchain an xlm is very very well
positioned and of course we saw a pretty monumental move for Stella lumens uh just the other day and I really do think and I want to stress this that this is the start of something far greater to come uh in fact the move off the lows that we saw for xlm today sits at 155% now I own xlm um if you want to get on board with that if you're watching the kind of price action that you're seeing in the cryptocurrency space in your portfolio isn't benefiting you're probably doing something wrong and we do have
a patreon where we help people with this on a non-advised ADV basis I share my portfolio and thoughts of two uh weekly meetings do check out the link to that in the description I'll be sharing my portfolio and going over it in tomorrow's meeting which of course will be live and we've got Discord servers and things like that but really for me this is just the start of what's to come for xlm and I think there's an overlap in my opinion between xlm and xrp um certainly if you follow the story of xrp like I
have for a very long time you'll understand that xlm was really born out of Jeb MB who's kind of Infamous in the xrp community um and ultimately Jeb maleb sort of set out to do things differently to Ripple but with a similar ethos to uh what they were trying to do and I think these blockchains very much move in sync and what I have here in front of you at the top of course is Stella lumens xlm and at the bottom is xrp and how it's set up going into 2017 we all know what happened
in 2017 of course Stella too if we go back here to the left benefited from it similarly but I think Stella lum's current pattern is very akin to xrps going into 2017 and I think largely you're just here ladies and gentlemen you've had that first major move you've kind of broken out of this sort of resistance level in a similar fashion to what you did today you're consolidating somewhat and then you're going to see a real push higher likely on the back end of fund fundamental news that is to come now how high can Stella
alumin price go the truthful answer is I'm not entirely sure so I always find it very amusing when I see price predictions out there in the space because I often wonder how have they came to those conclusions myself personally I'll only give price predictions on what I think is technically plausible or what there's a technical pattern for and I may have one for Stell Lumin although I'm not comfortable giving it yet until I've seen what it does in the shorter term so I'd like some sort of a pullback um and then we may be able
to predict certainly into the dollar ranges um I don't have anything that might predict double digit dollars uh but certainly into the the dollar ranges um you can see it going certainly above two which is only a 10x from where it currently is and and perhaps then some um but we shall see I think Stella Lumin is really an underdog certainly when it comes to xrp um and crypto generally it's very I love the fact that you've had all these kind of crypto Gatekeepers when it comes to content that have very much just ignored and
continue to ignore to their own kind of detriment at this point what they call Dino coins which are coins that have been in the space for a very long time and that perhaps aren't the Hot Topic you know the ones that they can kind of pump and dump on the masses and move in a very low liquid Market when liquidity when real liquidity comes into the markets driven by institutions it's going to go to where those institutions see actual uh fundamental usage and utility and something like Stella Lumin tis a hell of a lot of
those boxes I think it's very interesting when we overlay like we just did there the schematic of xrp going into 2017 and xlm where it currently is there's potentially a similar trajectory that it's about to embark on and fundamentally xlm makes a hell of a lot of sense again that analogy I love it as it relates to blockchains it's like moving from letters to email moving from traditional Financial systems which are very expensive as outlined in that clip to a uh a blockchain based solution which fractionalized we've gone from a $50,000 cost just to do
transactions and then an extra cost on top of that that we'll leave out for the time being to $120 cost that's ultimately ladies and gentlemen why this blockchain is going to be adopted and ultim Ely the price structure that we're seeing is very positive it's essentially been consolidating since 2017 is likely going to lead to a Monumental break to the upside in much the same way that we're looking at that for xrp so that's it from me I want to know your thoughts in the comment section if you're not already a subscriber do consider becoming
one also like as always appreciated it helps to get this content out to a broader audience and let them know about xlm we wanted to do a very simple but precise video on it I'll see you all in the next one thanks for watching have a wonderful day wherever you are and whatever you're doing and I'll see you soon
