Stellar Trading Down 5.2% This Week (XLM)

Stellar (XLM) traded down 4.8% against the dollar during the one day period ending at 8:00 AM Eastern on September 4th. One Stellar coin can now be bought for about $0.0896 or 0.00000158 BTC on exchanges. Stellar has a market cap of $2.65 billion and approximately $50.88 million worth of Stellar was traded on exchanges in the last day. In the last seven days, Stellar has traded down 5.2% against the dollar.

Here’s how similar cryptocurrencies have performed in the last day:

• Taiko (TAIKO) traded down 7.4% against the dollar and now trades at $1.38 or 0.00002435 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.
• 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 up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Stellar

Stellar (XLM) uses the hashing algorithm. It launched on July 31st, 2014. Stellar’s total supply is 50,001,786,947 coins and its circulating supply is 29,536,102,294 coins. Stellar’s official message board is stellarcommunity.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 website for Stellar 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 purchase alternative cryptocurrencies such as Stellar directly using U.S. dollars. Investors seeking to acquire Stellar should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Stellar using one of the aforementioned exchanges.

XLM/USD price chart by TradingView