Stellar 1-Day Trading Volume Tops $51.92 Million (XLM)

Stellar (XLM) traded 2.1% lower against the U.S. dollar during the 24-hour period ending at 21:00 PM ET on October 31st. One Stellar coin can now be bought for approximately $0.0921 or 0.00000132 BTC on exchanges. Stellar has a total market cap of $2.74 billion and $51.92 million worth of Stellar was traded on exchanges in the last 24 hours. During the last seven days, Stellar has traded 3.9% lower against the U.S. dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• 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 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 3.2% lower against the dollar and now trades at $69,778.40 or 0.99881252 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 3.3% lower against the dollar and now trades at $69,680.61 or 0.99741271 BTC.

Stellar Coin Profile

XLM uses the hashing algorithm. It launched on July 31st, 2014. Stellar’s total supply is 50,001,786,925 coins and its circulating supply is 29,751,798,929 coins. Stellar’s official Twitter account is @stellarorg and its Facebook page is accessible here. Stellar’s official website is www.stellar.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 message board is stellarcommunity.org.

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.”

Stellar Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Stellar directly using U.S. dollars. Investors seeking to trade Stellar should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Stellar using one of the aforementioned exchanges.

XLM/USD price chart by TradingView