Stellar Price Reaches $0.43 (XLM)

Stellar (XLM) traded down 7% against the US dollar during the 1-day period ending at 10:00 AM E.T. on January 21st. Stellar has a market capitalization of $13.22 billion and approximately $846.43 million worth of Stellar was traded on exchanges in the last day. One Stellar coin can now be bought for about $0.43 or 0.00000420 BTC on cryptocurrency exchanges. Over the last week, Stellar has traded 3.2% higher against the US dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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 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.BBN (SOLVBTC.BB) traded 2.4% lower against the dollar and now trades at $103,549.00 or 1.00114999 BTC.
• SolvBTC (SOLVBTC) traded down 3% against the dollar and now trades at $103,462.19 or 1.00031065 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Stellar Profile

Stellar uses the hashing algorithm. It launched on July 31st, 2014. Stellar’s total supply is 50,001,786,900 coins and its circulating supply is 30,460,645,213 coins. Stellar’s official website is www.stellar.org. 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 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.”

Stellar Coin Trading

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

XLM/USD price chart by TradingView