Stellar (XLM) Market Capitalization Reaches $2.36 Billion

Stellar (XLM) traded 1.1% higher against the dollar during the one day period ending at 22:00 PM E.T. on May 26th. One Stellar coin can currently be bought for approximately $0.0879 or 0.00000329 BTC on exchanges. Stellar has a total market cap of $2.36 billion and approximately $29.19 million worth of Stellar was traded on exchanges in the last day. During the last week, Stellar has traded 1.4% lower against the dollar.

Here is how related cryptocurrencies have performed during the last day:

• KILT Protocol (KILT) traded 2.7% higher against the dollar and now trades at $0.35 or 0.00001296 BTC.
• 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• OmniaVerse (OMNIA) traded up 0.4% against the dollar and now trades at $0.0017 or 0.00000007 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 1.3% higher against the dollar and now trades at $0.0004 or 0.00000002 BTC.
• Lego Coin (LEGO) traded 25.2% higher against the dollar and now trades at $0.0198 or 0.00000074 BTC.
• Belrium (BEL) traded up 0.6% against the dollar and now trades at $2.56 or 0.00009580 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.

Stellar Coin Profile

XLM uses the hashing algorithm. Its launch date was July 31st, 2014. Stellar’s total supply is 50,001,787,337 coins and its circulating supply is 26,803,768,757 coins. Stellar’s official website is www.stellar.org. The official message board for Stellar 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.

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 U.S. dollars. Investors seeking to trade Stellar should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Stellar using one of the exchanges listed above.

XLM/USD price chart by TradingView