Stellar (XLM) One Day Trading Volume Reaches $109.50 Million

Stellar (XLM) traded up 6.4% against the U.S. dollar during the 24 hour period ending at 9:00 AM Eastern on February 25th. Over the last week, Stellar has traded 4.3% lower against the U.S. dollar. Stellar has a market capitalization of $4.99 billion and approximately $109.50 million worth of Stellar was traded on exchanges in the last day. One Stellar coin can currently be purchased for about $0.16 or 0.00000239 BTC on major cryptocurrency exchanges.

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

• 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 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.
• SolvBTC (SOLVBTC) traded 5% higher against the dollar and now trades at $66,147.09 or 0.99842720 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.2% higher against the dollar and now trades at $64,920.62 or 0.99826276 BTC.

Stellar Profile

Stellar (XLM) uses the hashing algorithm. It was first traded on July 30th, 2014. Stellar’s total supply is 50,001,786,884 coins and its circulating supply is 31,531,408,660 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. Stellar’s official website is www.stellar.org. 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.”

Buying and Selling Stellar

It is usually not possible to buy alternative cryptocurrencies such as Stellar directly using U.S. dollars. Investors seeking to acquire Stellar should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. 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