When you buy XLM, you are not buying shares of the Stellar platform but rather the native assets of the platform which is mainly used to pay the transaction costs of the platform, fees which are close to zero.
XLM is not intended to be a store of value or a savings vehicle like Bitcoin.
It would take a massive adoption of the Stellar platform in number and volume of transactions to see a significant demand for XLM appear and an appreciation in the price of the asset. XLM is not intended to be a store of value or a savings vehicle like Bitcoin However, the Stellar platform is functional and its architecture makes it attractive for certain use cases related to tokenization, as shown by the interest shown in the platform by giants like IBM.
In conclusion, we believe that the value proposition of the Stellar network hardly justifies a strong market valuation for this asset with the current use made of it. The cryptoactive market being very speculative, that does not prevent a certain number of actors from speculating on XML without really understanding its operation. A questionable value proposition therefore does not mean that the asset cannot perform well in the short term.