Despite the temporary consolidation in the cryptocurrency market, Stellar (XLM) is showing growth on all its charts, increasing its value by almost 100% since the beginning of the year and giving hope that it can overcome its all-time high (ATH) and even move towards the $1 mark.
With this in mind, Finbold analyzed the main factors that could lead this cryptocurrency to reach the psychologically important $1 level, given that the ATH of $0.88 reached back in January 2018 is 529% higher than Stellar's current price.
Increased use of micropayments
Small payments, typically less than a dollar, are often used to pay for online content, subscriptions, and games, but traditional payment processors like PayPal (NASDAQ: PYPL) and Western Union (NYSE: WU) charge high fees for them, making these processors impractical for such use.
With low fees (around 0.00001 XLM or just a fraction of a cent) and fast transaction processing, the Stellar network is a good choice for micropayments, making it a potential competitor to the aforementioned traditional payment processors. If it continues to gain momentum in this market, it could lead to an increase in the price of XLM.

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