Stellar current price is €0.2372 with a marketcap of €5.55 B. Its price is -3.21% down in the last 24 hours.
- Stellar (XLM)
- Live Price €0.2372
- Market Cap €5.55 B
- Volume €502.53 M
- Available Supply 23.39 B XLM
- Rank 20
Technical analysis, backgrounds and info on this crypto coin
Besides Stellar (XLM) is the major cryptocurrency (measured by market capitalisation). This cryptocurrency has become more and more popular over years. Given the plans for the future, many insiders have high expectations of the Stellar (XLM) price. Of course you can trade and/or invest in Stellar (XLM) as well. On this page you'll find basic statistics and characteristics of Stellar (XLM). Furthermore you'll find info regarding the Stellar (XLM) price, basic technical analysis and a brief explanation of the story of Stellar (XLM)
Current Stellar (XLM) price
Please see below the Stellar price chart as provided by our home broker.
Onchain Metrics Stellar (XLM)
If you want to perform a technical analysis of Stellar and decide whether it is the right time to trade or invest, please check the on-chain metrics as provided by our partners of Into the Block.
These On-chain metrics are updated once a day (rondabout 11 pm est, which is 5 am Dutch time). If you want to check the latest update, please dive deeper into the On-chain metrics of our metrics partner IntotheBlock.io.
Furthermore, we provide you with the price chart and historical data for Stellar (XLM) at the bottom of this page. Before we get there, we provide you with the upcoming agenda as well as some backgrounds and info on Stellar.
The Stellar agenda
In order to provide you with an accurate overview of coming Stellar agenda items and events, you'll find our Stellar agenda below.
If you are interested in the agenda items for other cryptocurrencies and/or the most important economic items on the macro-economic agenda, please visit our calendar page.
What is Stellar?
The Stellar network is an open source, distributed, and community owned network used to facilitate cross-asset transfers of value. Stellar aims to help facilitate cross-asset transfer of value at a fraction of a penny while aiming to be an open financial system that gives people of all income levels access to low-cost financial services. Stellar can handle exchanges between fiat-based currencies and between cryptocurrencies. Stellar.org, the organization that supports Stellar, is centralized like XRP and meant to handle cross platform transactions and micro transactions like XRP. However, unlike Ripple, Stellar.org is non-profit and their platform itself is open source and decentralized.
Who created Stellar?
Stellar was founded by Jed McCaleb in 2014. Jed McCaleb is also the founder of Mt. Gox and co-founder of Ripple, launched the network system Stellar with former lawyer Joyce Kim. Stellar is also a payment technology that aims to connect financial institutions and drastically reduce the cost and time required for cross-border transfers. In fact, both payment networks used the same protocol initially.
What is the purpose of Stellar (XLM)?
Through the use of its intermediary currency Lumens (XLM), a user can send any currency that they own to anyone else in a different currency.
For instance, if Joe wanted to send USD to Mary using her EUR, an offer is submitted to the distributed exchange selling USD for EUR. This submitted offer forms is known as an order book. The network will use the order book to find the best exchange rate for the transaction in-order to minimize the fee paid by a user.
Stellar (XLM) nowadays
Lumens are the native asset (digital currency) that exist on the Stellar network that helps to facilitate multi-currency transactions and prevent spams. For multi-currency transactions, XLM is the digital intermediary that allows for such a transaction to occur at a low cost.
In-order to prevent DoS attacks (aka spams) that would inevitably occur on the Stellar network, a small fee of 0.00001 XLM is associated with every transaction that occurs on the network. This fee is small enough so it does not significantly affect the cost of transaction, but large enough so it dissuades bad actors from spamming the network. The collected fee is then redistributed and added to an inflation pool. This inflation pool releases Lumens at a rate of 1% each year.
The future of Stellar (XLM)
The future of Stellar is to bring back the essential qualities of money inherent in the original software. Over the years, these qualities were filtered out of coin Core, and progress was stifled by various people, organizations, and companies involved in Bitcoin protocol development.
Further technical analysis of this coin
For further technical analysis you’ll find the current price chart and overview of historical data at the bottom of this page. Do you need more on-chain metrics? You can find these on the site of our on-chain metrix partner IntotheBlock.
Do you want to trade in this crypto?
If you want to trade in this cryptocurrency you might consider to sign up with one of our home exchanges: Changelly, CEX.io or Binance. When your mother tongue is Dutch or French you might also consider Bitvavo. If you want to know more about choosing the right crypto exchange, please visit our crypto exchages page.
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