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Stellar

XLM

Stellar Market Stats

Stellar Price

$22,014.48

Stellar Price Change (24H)

$22,014.48

Stellar Price (24H Low)

$22,014.48

Stellar Price (24 High)

$22,014.48

Stellar Price (All Time High)

$22,014.48

Stellar Market Cap

$22,014.48

Stellar Volume (24H)

$22,014.48

Stellar Circulating Supply

$22,014.48

Stellar Price Live Data

The live [Bitcoin] price today is [$20,014.48] with a 24-hour trading volume of [$44.6b]. The [BTC] price is updated in real-time. [Bitcoin] is [up/down] [45.77%] in the last 24 hours. The current [Bitcoin] live market cap is [$189,3B] with a circulating supply of [121.3M] [BTC] coins and a max supply of [21,000,000] [BTC] coins.

Looking to buy [Bitcoin] at the current rate? The best cryptocurrecny exchanges for trading for [Bitcoin] stocks and coins are Bitbuy, CoinSmart, NetCoins, Netwon, and Crypto.com; you can find other [Bitcoin]-[BTC] exchanges on our best crypto exchange, best crypto exchange in Canada and best crypto exchange in the USA pages.

What is Stellar (XLM)?

Stellar (XLM), or Stellar Lumens, is a distributed payment platform that aims to connect people worldwide with various payment systems. It aims to enable people to move money quickly across borders without the hassles of hefty transaction fees.

According to the World Bank Report of 2018, financial inclusion is rising. Before the current value of 69%, only 61% of adults had access to financial services in 2014. Hence, Stellar aims to create worldwide access to the global economy.

Unlike other cryptocurrencies that aim to make a profit, Stellar (XLM) only desires to improve the world’s financial situation. Hence, 5% of the network’s total cryptocurrency is kept aside to support operational costs. They also accept donations from investors who wish to see the network grow.

The Lumen (represented by XLM) is the native token of this platform. Stellar achieved immense success upon its introduction to the crypto space, as many investors became interested in it. It has grown from being a relatively unknown cryptocurrency to one of the most successful, judging by its market cap.

Stellar Coin - Comparewise

Who Created Stellar (XLM)?

Stellar (XLM) is the creation of Jed McCaleb, the co-founder of Ripple. Jed left Ripple in 2013 with a desire to improve the world’s financial system. He created this new financial system (Stellar Lumens) on July 31, 2014, with the help of the former lawyer, Joyce Kim.

Jed McCaleb has had a great deal of experience in the online industry since he started MetaMachine Inc. in 2000. As Bitcoin started receiving public attention in 2009, he had already begun developing a similar digital currency. His, however, relied on a consensus among network members to verify a transaction.

Jed later named the network Ripple, and it utilized a proof of stake consensus for mining. He recruited the aid of individuals like David Schwartz and Arthur Britto while seeking investments for the platform. Jed abandoned his active role in Ripple in 2013 to create the Stellar Open-Source Protocol in 2014.

The Stellar Lumens project later received the aid of Stripe’s CEO, Patrick Collison, to establish the Stellar Lumens foundation. Initially, Stellar utilized a similar consensus protocol with Ripple; however, that changed in 2015. They created their new consensus protocol in 2015, the Stellar Consensus Protocol.

How Does Stellar (XLM) Work?

Stellar (XLM) operates as the Stellar Consensus Network, a couple of decentralized peer networks running independently of each other. Although it started with a similar code from Ripple, the Stellar Consensus Network works on a completely different algorithm.

Unlike Ripple, which requires a financial institution to provide intermediary services for an exchange, Stellar works independently. It uses the concept of ‘Anchors’ to conduct a more decentralized version of money exchange.

Anchors are trustworthy entities that hold onto people’s deposits and issue credits into the stellar network in exchange. These entities facilitate the exchange of different currencies within the Stellar network. Hence, they’re involved in every transaction on the network, except those conducted in Lumens (the network’s native token).

For example, if someone wishes to send 20 dollars to a friend in Japan, the Anchors can facilitate the exchange. The dollars can be converted to Lumens and sent to the recipient, who then converts them back to the Yen. The dollars could also be exchanged for Yen from someone who wishes to sell theirs before getting sent.

All these transactions happen in seconds, making this network very efficient.

Is Stellar (XLM) a Good Investment?

If you’re wondering if Stellar (XLM) is worth investing in, you should consider their future potential and past performances. In 2019, the Stellar Foundation burnt 55 billion XLM tokens, bringing its number down to just half its original. This means the coin will only get scarce in the future, making it rare and more valuable.

Regarding its past performance, there have been a lot of ups and downs with this coin. It rose sharply in 2020 and early 2021 before falling in value after May 2021. However, its value has been on a steady increase recently, making it worthwhile as a risky long-term investment.

FAQs about Stellar (XLM)

How many Stellar (XLM) coins are there?

There were originally 105 billion Stellar coins in existence. However, 55 billion got destroyed in November 2021. As such, there are only about 50 billion Stellar coins in existence.

How is Stellar (XLM) Secured?

Stellar is secured through its decentralized algorithm, where anyone can join the consensus to validate transactions. The implementation of transaction fees also prevents transaction spamming issues. The well-equipped cookie system of the platform also offers sufficient blocking capabilities for individuals that access Stellar.

What can you use Stellar (XLM) for?

Stellar can be used to conduct trades with virtually every currency in the world, such as fiat currency and cryptocurrency.

Stellar News

Loan Amount

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Best Stellar Apps

Get $20 CAD in BTC with code: COMPAREWISE
Min Investment
$100
Coins Available
16+
Get a $50 Bitbuy bonus when you sign up
Min Investment
$250
Coins Available
25+
Get a $25 Netcoins bonus when you sign up
Min Investment
$10
Coins Available
22+
Get $25 CAD Newton bonus with code: 9APOU9
Min Investment
$100
Coins Available
70+
Get a $30 Coinberry bonus when you sign up
Min Investment
$50
Coins Available
29+
Get a $30 Shakepay bonus when you sign up
Min Investment
$5
Coins Available
2+
Earn up to $16 worth of crypto in Coinbase
Min Investment
$25
Coins Available
100+
Trade Bitcoin free and get up to $100 in welcome rewards
Min Investment
$50
Coins Available
600+
Up to 500 USDT welcome bonuses for new users
Min Investment
$5
Coins Available
600+
Get $100 when you top up $1k + earn up to 20% APR
Min Investment
$1,000
Coins Available
300+
Trade crypto at competitive rates in Changelly
Low Fees
0.5% - 5%
Coins Available
200+
Trade crypto, stock, and metals in one place
Min Investment
$1
Coins Available
130+

Best Stellar Wallets

Earn up to 8% yield on your crypto with Secure Wallet
Min Investment
$85 USD
Coins Available
70+
Limitless wallet addresses on one device
Storage Type
Cold
Coins Available
40+
Easy-to-use, ready within 10 minutes
Storage Type
Cold
Coins Available
1000+
Manage over 5,500 digital assets + install over 100 apps
Storage Type
Cold
Coins Available
100+
Full colour touchscreen + encrypted storage on cloud
Storage Type
Cold
Coins Available
1000+
Connect through Bluetooth + use Ledger Live app
Storage Type
Cold
Coins Available
100+
Earn up to $16 worth of crypto in Coinbase
Min Investment
$25
Coins Available
100+
Stake and earn almost up to 40% yield
Min Investment
$50
Coins Available
50+
Stake and earn 5%-20% APY + get cash back
Storage Type
Cold
Coins Available
300+
Manage multiple wallets in one platform
Storage Type
Software
Coins Available
IOTA
Earn up to 11.01% APR with staking crypto
Min Investment
$50
Coins Available
1 million+
Buy Crypto directly with USD, EUR, and GBP
Min Investment
1 XLM
Coins Available
255+

Stellar Analysis

Stellar (XLM) Analysis Summary

Stellar is a decentralized means of payment, an open currency network that individuals worldwide can use. It’s a network that believes in transparency and helping its customers save money through digital efficiency. The XLM token is freely available to all individuals on this blockchain, and they can trade it for any currency.

As such, Stellar is a cost-effective, reliable, transparent, and easily accessible cryptocurrency network. This offers many advantages for individuals who wish to utilize the network’s services.

Experts predict that, as all cryptocurrencies will appreciate, Stellar (XLM) will follow suit. Hence, they propose that its value will rise to $1.70 in December 2025 and $4.50 in December 2030.

Analysts believe that Stellar is a suitable crypto investment for long-term and short-term purposes. Compiling the information from past values, they have made a prediction using their smart technical analysis. Although their hopes are not as high as Finder’s, they believe it will rise to $0.8047 in 2027.

Analysis Q&As

What is Stellar price today?

Stellar price today is [price] within 24-hour trading volume of [Volume].

What was the highest price for Stellar?

Stellar hit an all time high of [All High].

What was the lowest price for Stellar?

Stellar had an all time low of [All Low].

What was the 24 hours trading volume of Stellar?

The 24 hour trading volume of Stellar is [Volume].

Where can Stellar be traded?

You can trade Stellar on Crypto.com, Kraken, Binance, and FTX. The popular trading pairs for Stellar in the market includes XLM/USD, Stellar/CAD, Stellar/EUR, Stellar/GBP, and Stellar/AUD. Stellar is a token that is related to the ... categories.

What exchange is Stellar on?

Online traders can buy or sell Stellar (XLM) on the top crypto exchange, such as Crypto.com, Kraken, Binance, and FTX.

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Stellar Technicals

See Comparewise coin rating definitions for more information.

Stellar Price Statistics
Stellar Price Today

08/16/2022

Stellar Price

$22,014.48

Stellar Price Change (24H)

$22,014.48

Stellar Price (24H Low)

$22,014.48

Stellar Price (24H High)

$22,014.48

Stellar Price (All Time High)

$22,014.48

Stellar Market Cap

$22,014.48

Stellar Volume (24H)

$22,014.48

Stellar Circulating Supply

$121.3M

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