Stellar Hits 24 Hour Trading Volume of $632.06 Million (XLM)

Stellar (XLM) traded down 4.7% against the US dollar during the twenty-four hour period ending at 10:00 AM Eastern on January 5th. One Stellar coin can currently be purchased for about $0.44 or 0.00000447 BTC on popular exchanges. Over the last seven days, Stellar has traded 25.9% higher against the US dollar. Stellar has a market cap of $13.27 billion and approximately $632.06 million worth of Stellar was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 0.2% lower against the dollar and now trades at $97,594.20 or 0.99821358 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 0.3% against the dollar and now trades at $96,757.95 or 0.98966022 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Stellar Coin Profile

Stellar (XLM) uses the hashing algorithm. Its genesis date was July 31st, 2014. Stellar’s total supply is 50,001,786,900 coins and its circulating supply is 30,346,240,466 coins. Stellar’s official message board is stellarcommunity.org. Stellar’s official Twitter account is @stellarorg and its Facebook page is accessible here. 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.

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 Changelly. 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