Stellar (XLM) Market Capitalization Hits $2.81 Billion

Stellar (XLM) traded 0.6% lower against the dollar during the 24 hour period ending at 20:00 PM E.T. on October 23rd. One Stellar coin can now be bought for about $0.0945 or 0.00000142 BTC on major cryptocurrency exchanges. Stellar has a market cap of $2.81 billion and approximately $50.68 million worth of Stellar was traded on exchanges in the last 24 hours. In the last week, Stellar has traded down 0.9% against the dollar.

Here is how similar 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 2.2% lower 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.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded down 0% against the dollar and now trades at $0.0944 or 0.00000141 BTC.

About Stellar

Stellar (CRYPTO:XLM) uses the hashing algorithm. It launched on July 31st, 2014. Stellar’s total supply is 50,001,786,925 coins and its circulating supply is 29,734,438,420 coins. 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. The official website for Stellar is www.stellar.org. Stellar’s official Twitter account is @stellarorg and its Facebook page is accessible 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.”

Buying and Selling Stellar

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

XLM/USD price chart by TradingView