Stellar (XLM) Price Down 8.2% This Week

Stellar (XLM) traded 1% higher against the US dollar during the 24-hour period ending at 22:00 PM E.T. on October 6th. One Stellar coin can now be purchased for approximately $0.0931 or 0.00000146 BTC on exchanges. Over the last week, Stellar has traded down 8.2% against the US dollar. Stellar has a total market capitalization of $2.77 billion and $30.21 million worth of Stellar was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• 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 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 2.2% lower 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.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded down 1.9% against the dollar and now trades at $0.0390 or 0.00000062 BTC.

About Stellar

Stellar (CRYPTO:XLM) uses the hashing algorithm. Its launch date was July 31st, 2014. Stellar’s total supply is 50,001,786,932 coins and its circulating supply is 29,708,119,068 coins. The official website for Stellar 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 purchase alternative cryptocurrencies such as Stellar directly using U.S. dollars. Investors seeking to trade Stellar should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Stellar using one of the exchanges listed above.

XLM/USD price chart by TradingView