Stellar (XLM) Reaches Market Cap of $9.35 Billion

Stellar (XLM) traded up 2.3% against the US dollar during the 1-day period ending at 11:00 AM ET on March 6th. Stellar has a total market cap of $9.35 billion and approximately $280.34 million worth of Stellar was traded on exchanges in the last day. One Stellar coin can currently be purchased for about $0.30 or 0.00000335 BTC on major cryptocurrency exchanges. In the last seven days, Stellar has traded 6% higher against the US dollar.

Here is how related cryptocurrencies have performed in the last day:

• Taiko (TAIKO) traded up 1.8% against the dollar and now trades at $0.83 or 0.00000914 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 2.2% higher against the dollar and now trades at $90,461.06 or 0.99626965 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 1.8% higher against the dollar and now trades at $89,629.03 or 0.98710633 BTC.

Stellar Profile

XLM uses the hashing algorithm. Its launch date was July 31st, 2014. Stellar’s total supply is 50,001,786,894 coins and its circulating supply is 30,710,242,205 coins. Stellar’s official website is www.stellar.org. Stellar’s official Twitter account is @stellarorg and its Facebook page is accessible here. The Reddit community for Stellar is https://reddit.com/r/stellar and the currency’s Github account can be viewed here. The official message board for Stellar 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 currently possible to buy alternative cryptocurrencies such as Stellar directly using US dollars. Investors seeking to acquire Stellar should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Stellar using one of the exchanges listed above.

XLM/USD price chart by TradingView