Stellar Market Capitalization Achieves $2.80 Billion (XLM)

Stellar (XLM) traded up 0.3% against the U.S. dollar during the 1-day period ending at 18:00 PM ET on August 16th. During the last seven days, Stellar has traded down 4.4% against the U.S. dollar. One Stellar coin can now be purchased for about $0.0952 or 0.00000161 BTC on exchanges. Stellar has a total market capitalization of $2.80 billion and $52.10 million worth of Stellar was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed during 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 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.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 3% against the dollar and now trades at $0.0135 or 0.00000023 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Stellar Coin Profile

XLM uses the hashing algorithm. Its genesis date was July 31st, 2014. Stellar’s total supply is 50,001,786,948 coins and its circulating supply is 29,459,795,003 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. Stellar’s official Twitter account is @stellarorg and its Facebook page is accessible here. Stellar’s official website is www.stellar.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 currently possible to buy alternative cryptocurrencies such as Stellar directly using U.S. dollars. Investors seeking to acquire Stellar should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Stellar using one of the aforementioned exchanges.

XLM/USD price chart by TradingView