Stellar (XLM) Market Capitalization Achieves $10.63 Billion

Stellar (XLM) traded 1.1% higher against the U.S. dollar during the 24-hour period ending at 10:00 AM Eastern on December 28th. One Stellar coin can currently be purchased for $0.35 or 0.00000371 BTC on cryptocurrency exchanges. Stellar has a market cap of $10.63 billion and $234.63 million worth of Stellar was traded on exchanges in the last 24 hours. In the last week, Stellar has traded down 3.1% against the U.S. dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded down 0.9% against the dollar and now trades at $94,259.63 or 0.99646057 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 1.2% against the dollar and now trades at $93,920.55 or 0.99287603 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Stellar Coin Profile

XLM uses the hashing algorithm. It launched on July 31st, 2014. Stellar’s total supply is 50,001,786,911 coins and its circulating supply is 30,275,017,651 coins. The Reddit community for Stellar is https://reddit.com/r/stellar and the currency’s Github account can be viewed here. Stellar’s official Twitter account is @stellarorg and its Facebook page is accessible here. Stellar’s official website is www.stellar.org. Stellar’s official message board is stellarcommunity.org.

According to CryptoCompare, “Stellar is an open-source, decentralized blockchain network designed to facilitate the transfer of money and other assets between people and institutions. It was created by Jed McCaleb and Joyce Kim in 2014 and is overseen by the Stellar Development Foundation (SDF). Stellar can support a wide range of use cases, including remittances, micropayments, mobile money, and mobile banking, and is an attractive option for those looking to transfer funds across borders quickly and efficiently. The network’s native cryptocurrency, the lumen (XLM), serves as a digital asset for denominating network requirements, and is required to meet minimum balance requirements and pay transaction fees. In addition, it can act as a medium of exchange between otherwise illiquid assets, making it easier to move money between users.”

Buying and Selling Stellar

It is usually not possible to purchase alternative cryptocurrencies such as Stellar directly using US dollars. Investors seeking to acquire Stellar should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Stellar using one of the exchanges listed above.

XLM/USD price chart by TradingView