Stellar (XLM) Price Down 18.9% This Week

Stellar (XLM) traded down 3.2% against the dollar during the 24-hour period ending at 20:00 PM ET on April 17th. One Stellar coin can currently be bought for $0.11 or 0.00000173 BTC on cryptocurrency exchanges. During the last seven days, Stellar has traded down 18.9% against the dollar. Stellar has a market capitalization of $3.05 billion and approximately $90.71 million worth of Stellar was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed during the last day:

• KILT Protocol (KILT) traded 0.8% lower against the dollar and now trades at $0.33 or 0.00000540 BTC.
• 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 2.2% lower 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.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 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 down 2.1% against the dollar and now trades at $0.0086 or 0.00000014 BTC.

About Stellar

XLM uses the hashing algorithm. Its launch date was July 31st, 2014. Stellar’s total supply is 50,001,786,995 coins and its circulating supply is 28,891,672,895 coins. The official message board for Stellar is stellarcommunity.org. 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.

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 currently possible to buy alternative cryptocurrencies such as Stellar directly using US dollars. Investors seeking to trade Stellar should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Stellar using one of the aforementioned exchanges.

XLM/USD price chart by TradingView