Stellar Reaches Market Cap of $2.90 Billion (XLM)

Stellar (XLM) traded up 3.8% against the U.S. dollar during the 1 day period ending at 18:00 PM ET on November 6th. One Stellar coin can now be bought for about $0.0973 or 0.00000129 BTC on popular exchanges. Stellar has a market capitalization of $2.90 billion and approximately $109.03 million worth of Stellar was traded on exchanges in the last 24 hours. In the last week, Stellar has traded 2.4% higher against the U.S. dollar.

Here is 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 down 2.2% 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 1.2% higher 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.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 8.4% higher against the dollar and now trades at $75,309.72 or 0.99509692 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 7.2% higher against the dollar and now trades at $74,383.57 or 0.98285927 BTC.

Stellar Coin Profile

XLM uses the hashing algorithm. Its launch date was July 31st, 2014. Stellar’s total supply is 50,001,786,922 coins and its circulating supply is 29,781,647,755 coins. The official website for Stellar is www.stellar.org. Stellar’s official Twitter account is @stellarorg and its Facebook page is accessible here. Stellar’s official message board is stellarcommunity.org. The Reddit community for Stellar is https://reddit.com/r/stellar and the currency’s Github account can be viewed here.

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.”

Stellar Coin Trading

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

XLM/USD price chart by TradingView