|Brief||The Stellar platform was founded by Jed McCaleb and Joyce Kim as a fork of Ripple (XRP) in 2014. At first it worked on the protocol of Ripple, but then in 2015 an original Stellar protocol with open source code was created.|
|Last updated:||Monday, October 14, 2019 5:56:03AM UTC|
|Current price, USD:||0.063|
|Current price, BTC:||0.0000075|
|Market capitalization, USD:||1 258 433 402|
|Available supply:||20 023 784 794 XLM|
|Volume 24 hours, USD:||185 107 170|
General XLM facts, technical details and general information about Stellar crypto currency
The Stellar platform was founded by Jed McCaleb and Joyce Kim as a fork of Ripple (XRP) in 2014. At first it worked on the protocol of Ripple, but then in 2015 an original Stellar protocol with open source code was created, and the units of the crypto currency were named stellar, though now they are often also called lumens. Why did Stellar project founders decide to separate from a very promising platform? The reason is Ripple is still being harshly criticized by many experts for being a completely centralized platform controlled by Ripple Labs company; Ripple’s code has been closed for a long time. Stellar was meant to be “a killer” platform by giving the same benefits as Ripple avoiding its flaws.
Stellar is a fairly fast and scalable open source platform that already supports up to several thousand transactions per second; transaction confirmation time does not exceed 2-5 seconds. The platform can transfer various currencies, crypto-currencies, tokens and so on. To confirm transactions, SCP protocol is used instead of the usual Proof-of-Work. The platform allows you to use both multi-signature and smart contracts. A total of about 100 billion coins have been created, and a fixed annual inflation of 1% is also present. All coins are issued initially, so this crypto currency is not mineable. Most of the issued coins belong to the non-profit organization Stellar.org, which provides support and development for the Stellar network. The main mission of this organization was the fight against poverty, creating every inhabitant of the world access to open and low-cost financial instruments, cheap loans and reliable savings accounts.
We list daily Stellar historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Oct 05||0.059||0.059||0.059||1 187 906 242|
|Oct 06||0.059||0.059||0.059||1 188 353 678|
|Oct 07||0.059||0.059||0.062||1 234 889 896|
|Oct 08||0.061||0.061||0.062||1 240 065 250|
|Oct 09||0.062||0.061||0.064||1 268 612 565|
|Oct 10||0.063||0.062||0.063||1 241 280 069|
|Oct 11||0.062||0.059||0.062||1 217 871 164|
|Oct 12||0.061||0.059||0.062||1 193 084 000|
|Oct 13||0.060||0.06||0.062||1 204 152 887|
|Oct 14||0.061||0.06||0.063||1 258 433 402|
|XLM price change 24 hours||3.22%|
|XLM price change 7 days||5.34%|
XLM looks like it’s about to get flushed down the toilet. According to trustworthy TA, XLM is on track to visit 6 cents and below. It’s currently fluctuating between 9-11 cents, so it can potentially see another 50% devaluation. Although the tech is sound for the project, the technicals are looking very bearish for XLM. XLM saw a very moderate crypto winter, where most other projects saw significant losses. Instead, XLM rode it out like a champ. It looks like XLM, along with XRP, are paying the price as other coins look bullish.
I really don’t understand why XLM isn’t totally mooning right now. After World Wire and all their announcements, how is XLM not just a top 3 coin by now. I’m patiently waiting, as I believe that XLM is going to make it. One thing that’s for sure is that the world of finance is watching XLMs every move, so always have patience and just wait for the big money to come rolling in. XLM has held the strongest trend in the crypto market over the last year, so this is really great because once it breaks upward, it’ll be unstoppable.
XLM and IBM presented wordwire to the world. This is a direct competitor to SWIFT, which is a globally recognized payment processor. Blockchain is shaking traditional ways we send money, and XLM is the first to realize this. It's surprising that the price of XLM hasn't skyrocketed, also with the news of its listing on Coinbase. The future looks very bright for XLM, and soon these prices will seem like a winning lottery ticket. XLM has the potential to beat all other coins to the punch of actually being used in the real world on daily transactions. Not even bitcoin can compare to XLM because it's being used as the native coin in the ecosystem. Countries can make e-money based on top of XLM. This is the biggest adoption case in the history of cryptocurrencies.
Stellar is one of the top ranking projects for a reason. XLM and IBM are going to be the first to market because Jesse Lund has already stated that they will debut World Wire with over 60 banks- all of which will use XLM as the native currency during cross border transactions. Do any of you even understand the gravity of this? This will put all other cryptocurrencies in the back seat while XLM goes to the moon and beyond.
If there's one coin out there besides BTC that looks to have a bright future, it's XLM. IBM just confirmed their world wire will be immediately available in over 50 countries and will utilize XLM. This is huge news. IBM is adamant about pushing blockchain and their payment gateways, all while using XLM. It's reached an incredibly low point in value, and this is the perfect opportunity to accumulate.
We publish the most accurate Stellar Forecasts and News including crypto industry experts' opinion on a daily basis
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