Stellar (XLM) Hits 24 Hour Volume of $295.13 Million

Stellar (XLM) traded up 7.2% against the US dollar during the 1-day period ending at 10:00 AM Eastern on February 26th. One Stellar coin can now be bought for $0.29 or 0.00000336 BTC on popular cryptocurrency exchanges. Stellar has a market cap of $9.01 billion and approximately $295.13 million worth of Stellar was traded on exchanges in the last day. During the last seven days, Stellar has traded 11.3% lower against the US dollar.

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

• Taiko (TAIKO) traded 2.8% higher against the dollar and now trades at $0.90 or 0.00001032 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 2.2% lower 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 0.8% lower against the dollar and now trades at $86,912.20 or 0.99404929 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 2% lower against the dollar and now trades at $85,783.51 or 0.98113993 BTC.

Stellar Coin Profile

Stellar (XLM) uses the hashing algorithm. It launched on July 31st, 2014. Stellar’s total supply is 50,001,786,894 coins and its circulating supply is 30,672,255,041 coins. 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. Stellar’s official message board is stellarcommunity.org. Stellar’s official Twitter account is @stellarorg and its Facebook page is accessible here.

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 possible to buy alternative cryptocurrencies such as Stellar directly using US dollars. Investors seeking to trade Stellar should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Stellar using one of the aforementioned exchanges.

XLM/USD price chart by TradingView