Stellar is an open network that allows money to be moved and stored. The network's native token, Lumens, serves as a bridge that makes it less expensive to trade assets across borders. It aims to challenge existing payment providers, who often charge high fees for a similar service. The not-for-profit organization aims to "unlock the world's economic potential by making money more fluid, markets more open, and people more empowered" The network is unique because every transaction costs just 0.00001 XLM, a unit of this cryptocurrency only costs a few cents at the time of writing, this helps ensure that users keep more of their money. The code of Stellar was originally based on the Ripple Labs protocol, but the code was subsequently rewritten and the network was created as a result of a hard fork, and the code is now written in a way to make it easier to move money from one currency to the next, says Jed McCaleb, CTO of Stellar.
Stellar (XLM) coin's current price is 0.7888USD. The last 24-hour trading volume of Stellar is $2.52B. XLM price has increased by 16.50% in the last 24 hours. It has a circulating supply of 23.09B coins, and the total market cap of Stellar is $18.21B. Users can use Binance, Bitfinex, or other cryptocurrency exchanges to purchase Stellar with USD utilizing their bank account and credit cards. Use the Aurox Terminal to purchase Stellar across multiple exchanges, track and view Stellar price charts, as well as utilize our proprietary signals and indicators to help you predict the market.
May 6, 11:00:06 PM | Reynaldo Marquez
Stellar follows the general market sentiment with green indicators across the board. XLM’s price seems to be positively reacting to the increase in USD Coin (USDC) liquidity on top of its blockchain. Additionally, the Stellar Development Foundatio...
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Altcoins continue to press higher while Bitcoin bulls work on holding the $60,000 level as support.
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Traders appear to be waiting for a trigger to start the next leg of Bitcoin's uptrend and if that happens, XLM, MIOTA, XMR and XTZ could join the party.
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Now that Bitcoin price has flipped $50,000 back to support, small and large-cap altcoins are gearing up for a move higher.