Stellar is the blockchain, Lumen is the cryptocurrency, and their trading symbol is XLM. It is a blockchain based distributed ledger network that connects financial sectors, payment systems and people. This network reduces transaction costs and time lags significantly. The key feature is its consensus protocol, which makes stellar an open source system. The transaction authentication process is confined to an exclusive set of trustworthy nodes, and it is not available for the whole network of nodes. Each transaction is charged a standard fee of 0.00001 lumens.
The analysis from Coinmarketcap states that Stellar (XLM) is the 8th largest cryptocurrency in the market its market value as on March 23 at 13:04 UTC is USD 2,097,204,108 for its corresponding 24h volume of $221,079,985. The market cap value of XLM has been on a tide, traded at 2100 million in the beginning, peaked to 2400 million USD before capsizing. The values have been downhill after the peak value and reached the lowest on February 07 at 01:39 UTC with an MCap value of USD 1,414,206,302 which is 48.30% lesser than the corresponding present-day MCap value. The values started improvising after that and have been increasing with stability. The 20-day Exponential moving average (EMA) exhibits a stabilized uptrend in its current value. The values had a relative growth of 25.04% in its current value from its past value of USD 1,677,284,985 on March 03. The 14-day Moving Average of this digital currency also exhibits a distinct uptrend with Mcap value increasing from USD 1,716,813,600 on March 09 to the current value by 22.16%. The increasing values have pushed the cryptocurrency into the bullish market, adding advantage to the digital currency.
CoinMarketCap has been evaluating the prices of USD and BTC and estimates the current values to be $0.109086 and 0.0002704 respectively. Stats show that the MCap has been leading the market followed by the Bitcoin’s price. Though the trends show that the price of USD has been running parallel to the MCap values, it is the least dominating in the market. The price of USD shares it’s high and low with the MCAP values on March 20 and February 07, with the values of $0.113997 and $0.073777. The present value grew from its all-time low by 47.86%. The price of BTC started as high as 0.00003131 in January and has been on a downtrend before the price values rose again recently. The recent analysis estimates the high price of BTC to be 0.00002800 on March 20, which is higher by 3.55%. Its all-time low was on February 07 with the value of 0.00002168. The cryptocurrency reached its milestone with the price of USD shooting from 0.088826 USD on March 09 to USD 0.111312 on March 14, a 25.31% hike within 05 days’ time period.
The MCap values of the digital currency are on a stable increase and the moving averages on a discrete uptrend, and with the bullish pressure on the market, the cryptocurrency’s balance is in favor of the buyers. Both the long term and short term investments will be benefitted with this market. Traders investing in this cryptocurrency will increase the value of both the currency and their investment; hence, investors would see a good profit with it.