Stellar (XLM) is an open source network owned by a community of active users and is mainly focused on cross-asset transfers of value. The main USP of Stellar (XLM) is its low processing fees. It intended to act as an alternate financial system which is transparent, open and community owned and in addition to that has a mass appeal among the people of all income levels. Stellar (XLM) can also handle exchanges between different cryptocurrencies. Just like Ripple (XRP), it is well-equipped to handle cross-platform microtransactions. However, Stellar runs its business as a not for profit organization. Cross-border exchange of currencies and assets is also viable in Stellar. It was founded in 2014 by Jed McCaleb, founder of Mt. Gox and co-founder of Ripple. Moreover, Stellar.org, the organization that maintains Stellar (XLM), is working with various financial institutions and drastically reduce the cost and time required for cross-border transfers.
According to Coinmarketcap, on April 26, at UTC 08:24, Stellar (XLM) was trading at 0.099056 USD. At the same time, it’s market capitalization was around 1,889,511,989 USD. Moreover, Stellar’s last 24 hours trading volume was approximately 282,163,417 USD. Currently ranked at 9th place in the cryptocurrency ranking chart, Stellar’s Return on Investment (ROI) rate is 3,228.84 %. In comparison to Bitcoin, it was valued at 0.00001880 BTC per chip. On April 01, Stellar (XLM) was trading at 0.109615 USD, since then it’s market value decreased and fell sharply and today after 25-days, it is trading at 0.099056 USD with a cumulative loss of 9.6%.
Let’s have a look at historical fluctuations in the price of Stellar (XLM):
- All-Time High 938144 USD (Jan 04, 2018)
- All Time Low 001227 USD (Nov 18, 2014)
- Yesterday’s High / Low 105817 USD / 0.098894 USD
- Yesterday’s Open / Close 103284 USD / 0.099075 USD
- Yesterday’s Change -0.004209 USD (-4.08%)
- Yesterday’s Volume 257,140,761 USD
Stellar (XLM) saw a good trading week at the start of April when there was a rally in the crypto market. Stellar has been working with IBM’s Blockchain World Wire to create an affordable financial system and its implications are reaching globally. Coinbase, a crypto trading website, further announced launching an educational program for users related to Stellar (XLM). With the recent market correction, the price of cryptos has fallen sharply. However, analysts and experts are optimistic regarding its rise. According to crypto experts, there will soon be an upward swing in the value of Stellar (XLM), and it will trade with a hike of 5 to 10 times of its present value by the end of 2019.