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Live xlm Price
₹39.31
1.01%
Price Changes
₹0.4
1.01%
24h Low
₹37.27
24h High
₹39.71
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Stellar is a currency and payment network open-source. Stellar allows you to generate, transmit, and trade digital money. It aims to connect all global financial systems.
The concept is that anybody utilising a Stellar-powered service may transfer anything from cash to tokens representing new and old assets. With its Lumens cryptocurrency (XLM), these assets may be exchanged easily between users across borders.
Stellar has positioned itself as a decentralised exchange, with a built-in order book that tracks ownership of Stellar assets.
Jed McCaleb, co-creator of Stellar and founder of the Stellar Development Foundation, created lumens. McCaleb created the XRP Ledger and built the first successful bitcoin exchange, Mt Gox.
XLM has several applications. For example, you may want to add XLM to your portfolio if you think financial institutions will prefer crypto networks to regulate who may use and access their assets.
IBM used Stellar in 2018 to build and launch World Wire, a cross-border payments system.
The trading volume of Stellar Lumen (XLM) has increased in the past few months. This indicates a widespread interest in Stellar Lumens crypto.
Despite its close ties to Ripple, Stellar has avoided any regulatory issues.
Stellar has reduced transaction costs and time delays associated with blockchain technology. Currently, the average transaction fees for Stellar are $0.000041.
Stellar’s considerably rapid scalability has led to several partnerships. As more financial institutions adopt new transaction processing methods, more liquidity will flow into XLM via partnerships.
Ripple is a strong competitor of XLM coins.
Though it is more decentralised than Ripple, the cross-border payment networks serve centralised financial institutions.
The coin had its ICO on 31st July 2014, and it raised the entire $39 million.
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1. How is Stellar different from Bitcoin?
Stellar works like other decentralised payment solutions. It maintains a decentralised network of computers with a distributed ledger that updates every 2-5 seconds. The consensus protocol is the main difference between Stellar and bitcoin.
2. Is Stellar coin a good investment?
Stellar may reach $0.9830 by the end of 2021, according to analysts at Digital Coin Price. The crypto news and prediction portal expects XLM to trade at $1.13 in 2022 and $1.36 in 2023.
3. Why is Stellar Lumen so cheap?
The low pricing of Stellar Lumen (XLM) is due to several causes. Demand and supply, competition, and the most current Ripple effect might all be behind it.
4. Is Stellar a fork of Ripple?
No. Launched in July 2014, Stellard was a fork of the Ripple node software (rippled). The ledger was brand new, with no previous history from Ripple.
Highlight
Stellar has positioned itself as a decentralised exchange, with a built-in order book that tracks ownership of Stellar assets.
XLM Price Today
XLM Price
₹39.309
Price Change 24h
1.01%
Price Change 7d
9.75%
Market Rank
#17
Market Cap
₹1,10,276 Cr.
Trade Vol 24h
₹6,623 Cr
Circulating Supply
₹3,018 Cr. XLM
Trading Activity
57% Buy43% Sell
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CoinSwitch is the leading crypto exchange in India. It is a mobile-only crypto exchange. CoinSwitch provides you the platform to buy and sell more than 80 coins such as BTC, ETH, MATIC, ADA, and LITE.
Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.