Alexis Ohanian Sr. may have just indirectly pledged his support for Stellar Lumens. Yesterday, the CEO and co-founder of Reddit tweeted that r/Stellar, the cryptocurrency’s subreddit, is “[definitely] worth subscribing to in 2018.”
Ohanian Sr. hasn’t been shy about his interest in cryptocurrencies in the past, and this isn’t the first time that he’s come out with an informal endorsement, either. Last June, he tweeted about his interest Golem, a blockchain project looking to tackle global supercomputing. This endorsement coincided with a surge in Golem’s price.
And his support doesn’t stop--or even begin with--Golem. The month prior to that subtle endorsement, he tweeted about the growing interest in Ethereum and cryptocurrencies in general during the spring/summer altcoin boom of 2017. Going back further still, Ohanian Sr. was quoted as having a careful yet piqued interest in Bitcoin back in 2013, stating, “I am cautiously optimistic about it--but I am intrigued.”
We can only conjecture as to why Reddit’s co-founder finds Stellar particularly tweet-worthy going into 2018, but the project has enough optimistic buzz surrounding it that the exposure seems well deserved.
For starters, talk of FairX, a crypto-to-fiat exchange backed by IBM, continues to excite investors, as FairX has teased of Stellar’s role in building the new exchange. An update on FairX’s development is slated sometime at the end of January or the beginning of February, and if Stellar is as “heavily” involved as FairX has implied, the news could be beneficial to the cryptocurrency.
Stellar Lumens also has its own fair share of updates coming at the end of January. Coming out of a meetup in Singapore, the cryptocurrency will release a roadmap on January 25th of its progress and vision going into the future.
The project’s own personal developments, alongside the anticipated FairX news, will likely build on the healthy media attention Stellar has garnered to as of late. Following a bullish New Year’s run-up that pushed XLM into the market cap top ten, Stellar has received coverage from MSNBC and Time, which went so far as to say that Stellar could be "the next Bitcoin."
For what it’s worth, John McAfee echoed Time's sentiments and shilled XLM as his coin of the week last week, adding to the list of prominent--if not, in this case, controversial--figures vetting Stellar Lumens as a strong investment in 2018.
Featured image from Shutterstock.