Stellar (XLM) Price Hits $0.31 on Top Exchanges

Stellar (XLM) traded up 5.2% against the dollar during the one day period ending at 9:00 AM Eastern on March 2nd. One Stellar coin can now be purchased for about $0.31 or 0.00000368 BTC on major exchanges. Stellar has a total market cap of $9.62 billion and $386.86 million worth of Stellar was traded on exchanges in the last 24 hours. During the last seven days, Stellar has traded 4.6% lower against the dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Taiko (TAIKO) traded 2.7% lower against the dollar and now trades at $0.94 or 0.00001104 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% 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.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 1.2% higher against the dollar and now trades at $85,437.73 or 1.00373220 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 1.4% higher against the dollar and now trades at $85,330.83 or 1.00247631 BTC.

About Stellar

Stellar (CRYPTO:XLM) uses the hashing algorithm. Its genesis date was July 31st, 2014. Stellar’s total supply is 50,001,786,894 coins and its circulating supply is 30,684,383,623 coins. 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. The official message board for Stellar is stellarcommunity.org. Stellar’s official website is www.stellar.org.

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

XLM/USD price chart by TradingView