Stellar Achieves Market Cap of $2.61 Billion (XLM)

Stellar (XLM) traded 2.2% lower against the U.S. dollar during the twenty-four hour period ending at 23:00 PM ET on June 29th. One Stellar coin can now be purchased for $0.0896 or 0.00000147 BTC on cryptocurrency exchanges. Stellar has a market cap of $2.61 billion and $27.72 million worth of Stellar was traded on exchanges in the last day. During the last seven days, Stellar has traded down 2.2% against the U.S. dollar.

Here’s how other cryptocurrencies have performed during the last day:

• KILT Protocol (KILT) traded down 2.8% against the dollar and now trades at $0.20 or 0.00000331 BTC.
• 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 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.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% 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 2% higher against the dollar and now trades at $0.0115 or 0.00000019 BTC.

About Stellar

XLM uses the hashing algorithm. Its genesis date was July 31st, 2014. Stellar’s total supply is 50,001,786,967 coins and its circulating supply is 29,146,564,172 coins. 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. Stellar’s official website is www.stellar.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.”

Buying and Selling Stellar

It is usually not presently 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 Coinbase. 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