Stellar is a blockchain based distributed ledger specifically designed for connecting people and financial institutions. It is aimed to increase financial inclusion by creating cheap, accessible and easy to use global payment systems. Stellar Lumens or XLM is the native digital token of Stellar network. It operates on the Stellar Consensus Protocol which is also a decentralized network.
Current status of XLM
XLM is currently getting traded at USD 0.120206 (UTC time 05:13). With a market cap of USD 2,317,726,726 and a circulating supply of 19,281,270,528 XLM, it is the 8th largest crypto.
Price analysis of XLM
The above chart shows that the current value of XLM is 0.120190 USD or 0.00002304 BTC (UTC time 05:16). Its current market cap is 2,317,420,268 USD and its 24h volume is worth of 349,718,182 USD. The same chart shows that approx. One month earlier, XLM had a trading value of 0.109220 USD. So, within this period, the value of XLM has increased by 10.04%.
The future price of Stellar
XLM has partnered with SatoshiPay for dignifying the micropayment solution. Currently, Gibraltar Blockchain Exchange also supported XLM by enlisting this on their trading platform. It has also partnered with Axel Springer, Europe’s famous digital publisher. This partnership is aimed at content creators online. IBM Blockchain World Wire now uses Stellar blockchain for processing cross border payments. It also received a certificate of compliance with the Sharia Law, including the Islamic States. Thus, this coin is making steady progress, and many crypto enthusiasts assumed that 2019 and the upcoming years could be great for XLM. Accordingly, we think that Stellar can be around 0.60-0.68 USD by 2019 end.
XLM is a very potential cryptocurrency, and its value will rise in the future due to the efficient steps that it is taking for up gradations. It is worth considering this crypto for long term investment.