It’s widely known that all alt coins rise and fall in value in the wake of Bitcoin as it also rises and falls as so many different coins rely on it, despite what some coins may say in terms independence.
Stellar (XLM) However, has become one of the strongest and most stable coins going around.
To decouple from Bitcoin, alt coins need to have their own infrastructure and/or price stability that is derived from said infrastructure. XLM is a leader in alt coins in this space as they have built a whole ecosystem around their project. Without naming everything they’ve put into their ecosystem, some of the major components they’ve built varies from; their own decentralised exchange, stellar-based stable coins, layer 2 scaling solutions similar to the Lightning Network, increased fiat exposure through its presence on almost every major exchange and major connections & partnerships to big companies world-wide.
When taking all of this into consideration, XLM is arguably one of the strongest and stable alt coins going around at the moment. Given the fact that it is getting this kind recognition is testament to their project and what they’re building.