XLM

$0,32 USD (-3,31%)

0,00003820 BTC

Stellar
Market Cap $5 862 888 960 USD / 708 677 BTC
Volume (24h) $27 172 600 USD / 3 284 BTC
Circulating Supply 103 966 326 784 XLM
Max Supply 0 XLM
Date Open High Low Close Volume Market Cap
2018-05-21 0,33 0,33 0,32 0,32 27.528.600 5.909.680.640
2018-05-20 0,32 0,33 0,32 0,33 30.586.700 6.182.647.296
2018-05-19 0,32 0,33 0,31 0,32 23.504.200 5.893.275.136
2018-05-18 0,31 0,32 0,31 0,32 31.108.600 5.935.137.280
2018-05-17 0,34 0,35 0,31 0,31 31.796.700 5.823.823.872
2018-05-16 0,35 0,35 0,32 0,33 43.623.300 6.217.251.328
2018-05-15 0,37 0,37 0,35 0,35 39.801.700 6.472.988.160
2018-05-14 0,38 0,38 0,35 0,37 58.938.400 6.867.325.952
2018-05-13 0,36 0,38 0,36 0,38 73.407.904 6.981.954.560
2018-05-12 0,31 0,36 0,30 0,36 93.267.504 6.686.301.184
2018-05-11 0,35 0,36 0,30 0,31 80.168.200 5.837.633.024
2018-05-10 0,38 0,39 0,35 0,35 39.548.400 6.575.266.816
2018-05-09 0,39 0,39 0,36 0,38 54.383.500 7.021.214.208
2018-05-08 0,40 0,41 0,38 0,39 50.210.900 7.177.232.896
2018-05-07 0,41 0,41 0,38 0,40 48.023.200 7.349.028.864
2018-05-06 0,43 0,43 0,41 0,41 43.793.500 7.669.220.352
2018-05-05 0,43 0,44 0,43 0,43 44.096.200 8.002.220.544
2018-05-04 0,44 0,44 0,43 0,43 51.379.800 8.007.124.480
2018-05-03 0,44 0,44 0,43 0,44 83.481.296 8.122.976.256
2018-05-02 0,44 0,45 0,43 0,44 68.610.896 8.157.279.744
2018-05-01 0,43 0,45 0,40 0,44 152.906.000 8.166.623.232
2018-04-30 0,46 0,46 0,42 0,42 81.453.296 7.886.507.008
2018-04-29 0,43 0,46 0,42 0,46 156.391.008 8.499.066.368
2018-04-28 0,39 0,44 0,39 0,43 105.747.000 7.965.524.992
2018-04-27 0,39 0,43 0,38 0,39 177.676.992 7.262.888.448
2018-04-26 0,34 0,39 0,33 0,39 152.903.008 7.197.177.344
2018-04-25 0,40 0,40 0,33 0,34 130.724.000 6.304.992.256
2018-04-24 0,37 0,41 0,37 0,40 120.285.000 7.440.628.224
2018-04-23 0,37 0,38 0,37 0,37 57.282.000 6.910.289.408
2018-04-22 0,38 0,38 0,37 0,37 64.261.400 6.836.209.664
2018-04-21 0,39 0,40 0,35 0,38 119.787.000 6.975.926.272
2018-04-20 0,37 0,40 0,36 0,39 170.282.000 7.263.791.104
2018-04-19 0,35 0,38 0,35 0,37 171.820.000 6.798.564.864
2018-04-18 0,30 0,35 0,30 0,35 158.384.992 6.527.764.992
2018-04-17 0,28 0,32 0,28 0,30 112.255.000 5.574.193.664
2018-04-16 0,29 0,30 0,27 0,28 90.408.600 5.273.857.536
2018-04-15 0,25 0,30 0,25 0,29 129.731.000 5.395.710.976
2018-04-14 0,25 0,26 0,24 0,25 44.754.800 4.652.318.720
2018-04-13 0,24 0,27 0,23 0,25 112.587.000 4.571.061.760
2018-04-12 0,21 0,24 0,21 0,24 103.292.000 4.493.636.608
2018-04-11 0,20 0,21 0,20 0,21 40.041.100 3.939.117.056
2018-04-10 0,20 0,20 0,20 0,20 26.841.200 3.698.079.744
2018-04-09 0,21 0,21 0,19 0,20 36.684.300 3.660.718.848
2018-04-08 0,20 0,21 0,20 0,21 18.973.800 3.828.492.544
2018-04-07 0,19 0,21 0,19 0,20 27.242.100 3.744.677.888
2018-04-06 0,20 0,20 0,19 0,19 30.056.300 3.586.213.376
2018-04-05 0,21 0,21 0,19 0,20 46.694.000 3.671.972.096
2018-04-04 0,23 0,24 0,20 0,20 58.482.100 3.786.392.320
2018-04-03 0,23 0,24 0,23 0,24 76.510.096 4.372.281.856
2018-04-02 0,21 0,23 0,20 0,22 70.195.696 4.171.621.632
2018-04-01 0,21 0,21 0,19 0,21 43.075.500 3.832.218.880
2018-03-31 0,19 0,22 0,19 0,21 82.895.904 3.835.854.848
2018-03-30 0,19 0,20 0,17 0,19 37.767.000 3.501.109.248
2018-03-29 0,22 0,22 0,19 0,19 44.352.600 3.539.805.696
2018-03-28 0,22 0,23 0,22 0,22 21.717.600 4.067.235.840
2018-03-27 0,23 0,23 0,21 0,22 37.693.300 4.007.539.968
2018-03-26 0,24 0,25 0,22 0,23 44.406.300 4.245.448.960
2018-03-25 0,23 0,24 0,23 0,24 31.595.700 4.463.932.928
2018-03-23 0,24 0,24 0,22 0,24 49.937.100 4.380.276.736
2018-03-22 0,26 0,26 0,23 0,24 53.777.200 4.511.324.672
2018-03-21 0,27 0,27 0,25 0,25 93.970.496 4.723.227.648
2018-03-20 0,25 0,28 0,24 0,27 88.101.600 4.970.518.528
2018-03-19 0,22 0,25 0,21 0,25 93.820.800 4.628.851.712
2018-03-18 0,21 0,22 0,16 0,22 91.400.496 4.078.460.416
2018-03-17 0,23 0,23 0,20 0,21 33.001.800 3.824.251.648
2018-03-16 0,24 0,24 0,23 0,23 23.756.700 4.254.531.072
2018-03-15 0,25 0,25 0,22 0,24 54.358.800 4.451.801.088
2018-03-14 0,29 0,30 0,24 0,25 49.138.300 4.600.419.328
2018-03-13 0,29 0,30 0,28 0,29 24.814.700 5.368.188.416
2018-03-12 0,29 0,31 0,29 0,29 29.443.200 5.397.195.264
2018-03-11 0,29 0,31 0,28 0,30 26.023.900 5.627.534.336
2018-03-10 0,32 0,32 0,29 0,29 21.963.200 5.413.766.144
2018-03-09 0,30 0,32 0,27 0,31 56.838.800 5.768.898.048
2018-03-08 0,33 0,34 0,31 0,31 47.233.100 5.770.353.664
2018-03-07 0,34 0,35 0,30 0,33 62.389.100 6.078.003.712
2018-03-06 0,35 0,37 0,34 0,34 44.141.000 6.240.667.136
2018-03-05 0,36 0,40 0,35 0,35 98.523.696 6.501.352.448
2018-03-04 0,35 0,36 0,34 0,36 99.892.704 6.684.166.144
2018-03-03 0,32 0,35 0,31 0,35 52.827.100 6.466.943.488
2018-03-02 0,34 0,34 0,32 0,32 38.378.100 5.911.773.184
2018-03-01 0,33 0,35 0,32 0,34 46.631.800 6.266.485.760
2018-02-28 0,36 0,36 0,33 0,33 38.961.000 6.166.788.608
2018-02-27 0,36 0,37 0,35 0,36 38.136.100 6.686.386.176
2018-02-26 0,36 0,37 0,35 0,36 42.535.600 6.732.984.832
2018-02-25 0,35 0,37 0,34 0,36 42.268.800 6.598.593.024
2018-02-24 0,38 0,39 0,35 0,36 34.738.100 6.559.089.664
2018-02-23 0,36 0,39 0,35 0,38 56.829.000 7.054.429.184
2018-02-22 0,39 0,41 0,36 0,37 69.561.104 6.767.471.104
2018-02-21 0,40 0,43 0,38 0,40 132.189.000 7.327.373.312
2018-02-20 0,45 0,46 0,40 0,40 104.842.000 7.429.387.776
2018-02-19 0,45 0,46 0,45 0,45 57.015.400 8.364.545.024
2018-02-18 0,48 0,49 0,44 0,45 74.452.000 8.317.764.608
2018-02-17 0,46 0,48 0,45 0,48 104.733.000 8.832.967.680
2018-02-16 0,45 0,46 0,44 0,46 53.289.200 8.397.306.880
2018-02-15 0,45 0,46 0,44 0,45 106.142.000 8.362.459.136
2018-02-14 0,41 0,46 0,40 0,45 192.628.992 8.368.583.680
2018-02-13 0,40 0,44 0,37 0,41 196.175.008 7.568.663.040
2018-02-12 0,37 0,40 0,37 0,40 61.140.000 7.292.707.840
2018-02-11 0,41 0,41 0,36 0,37 85.791.696 6.820.022.784
2018-02-10 0,40 0,45 0,38 0,41 227.551.008 7.499.259.392
2018-02-09 0,36 0,40 0,35 0,40 144.231.008 7.392.564.224
2018-02-08 0,34 0,37 0,34 0,36 121.448.000 6.701.292.032
2018-02-07 0,37 0,38 0,34 0,34 188.328.000 6.306.098.688
2018-02-06 0,34 0,37 0,27 0,37 518.084.992 6.834.802.176
2018-02-05 0,38 0,43 0,31 0,33 339.507.008 6.105.929.728
2018-02-04 0,43 0,47 0,37 0,38 231.808.000 6.954.714.624
2018-02-03 0,41 0,48 0,35 0,43 282.348.992 7.926.463.488
2018-02-02 0,46 0,46 0,29 0,41 396.784.000 7.466.031.104
2018-02-01 0,54 0,54 0,43 0,46 172.407.008 8.413.026.816
2018-01-31 0,49 0,56 0,44 0,54 288.692.992 9.948.366.848
2018-01-30 0,50 0,59 0,48 0,49 178.892.992 8.749.366.272
2018-01-29 0,63 0,63 0,58 0,59 118.507.000 10.529.459.200
2018-01-28 0,62 0,64 0,62 0,63 194.610.000 11.335.884.800
2018-01-27 0,63 0,64 0,61 0,61 216.912.992 10.954.211.328
2018-01-26 0,60 0,65 0,55 0,63 787.644.032 11.326.835.712
2018-01-25 0,57 0,65 0,56 0,61 627.336.000 10.868.259.840
2018-01-24 0,49 0,59 0,47 0,57 669.318.976 10.131.381.248
Market Last Price Last Volume Last Volume Total Volume 24H Volume 24H Total

What is Stellar?

Stellar emerged from Ripple, such is the ecosystem of cryptocurrencies. Jed McCaleb, the cofounder of Ripple has ideological differences with the others on the Ripple board. Ripple is aiming its solution at bands, whilst Stellar is aimed at payments between people. Stellar aims to work with the ideological foundation of most other cryptocurrencies, to work from the bottom up. Ripple on the other hand is said to be a much more top-down currency and perpetuates financial institutions and government control over currency.

The SDF, or Stellar Development Foundation, is in charge of Stellar and is a non-profit organisation. It controls about 5% of Lumens. It has a long list of partners that includes IBM – so not so bottom up as it wants to portray itself.

Stellar is a little more than a fast cryptocurrency, as it has partner organisations known as anchors. The anchors are trusted groups or individuals that offer lines of credit for people to use on the Stellar network. It is a means of transferring money across borders using the anchors as the people who fulfil the money transfer on the Stellar Ledger. When two anchors settle a bill using Lumens the transaction costs less than a penny.

So, an individual wants to spend money from America to France. An anchor is approached in American who contacts an anchor in France. The money is transferred in Lumens. The anchor in America is paid in dollars by the individual wishing to transfer money. The anchor in France is paid in Euros wishing to receive money.

The Stellar network is designed to find the best exchange rate possible. It is a decentralised exchange – meaning it is not influenced by banks or governments. The exchange matches the buy and sell offers from the anchors that hold the currency. The anchors can use Stellar Lumens to trade anything – including other cryptocurrencies.

The Stellar network can already handle nearly 1000 transactions per second – which is impressive in comparison to Ethereum’s 15 per second. Stellar is also a fraction of the cost of Ethereum.

How is Stellar’s value determined?

Stellar’s value is determined by the competition created between the anchors. As in currency exchange of any kind, it is the nature of organizations to manipulate value in order to gain business. Anchors will also charge commissions in addition to the minor fee charged by Stellar. The more competition between anchors, who need XLM to be able to trade, the more expensive they will become due to limited supply.

So, even though this is not a buy and hoard cryptocurrency, Stellar’s value is still impacted by supply and demand. In order for anchors to have the lumens available to transfer for the clients, they need to buy and hold them. The more they buy and hold the more demand is created and the value increases. It is unlikely that the value of an XLM would change mid-transaction, as this could impact on the trust in the bridging mechanism. Therefore, the value of XLM at any point is going to be aligned to the value of the currencies that are being bridged.

Therefore, in short, the only factor that can influence Stellar’s value really is the scarcity of resources. With over 100 billion XLM’s in circulation it is unlikely to ever become scarce – so should continue to be an affordable way to transact currency across borders.

How can you get hold of Stellar?

Stellar Lumens are not that easy to buy. You can’t buy a lumen with a credit card – so you will have to use a cryptocurrency exchange. It is not really an altcoin that you buy and store, like Bitcoin. Stellar sells itself as the future of banking, creating a customizable payments infrastructure. Put simply, it is not about getting hold of Stellar Lumen’s – the Lumen’s are a means of transacting money across borders quickly and with limited fees. Stellar estimates that its transactions on the decentralized network resolve in 2 – 5 seconds.

Stellar does offer the chance to create tokens as well. Creating tokens has advantages – as it can be distributed on exchanges and is instantly tradable for other cryptocurrencies. If you can find yourself an anchor, then you can trade it for traditional currencies too. To create Stellar Lumens you need to create two accounts – an issuer and a distributor. In order to prevent a flood of Lumens into the market, once an account has issued Lumens it is frozen. The token is created by sending a payment from the issuing account to the distribution account. It is the act of trust between the two accounts that creates the token. To use your token requires a bit more technical know how than can be given here – but in theory it is possible to create tokens.

What can impact on Stellar’s price?

January saw Stellar’s price skyrocket. Why would this happen? Well, it comes from the establishment of partnerships with businesses – all of which gives a sense of credibility and trust to the mechanism of transactions across borders. One company in particular resulted in a 20% boost. Stripe said it may add support for the cryptocurrency – “may” being enough to cause a boost in price for an individual Lumen. The news may have been given credibility because Stripe had dumped Bitcoin because of sluggish transaction rates. One of the great strengths of Stellar is the speed with which transactions can be made – and therefore Stellar’s price was boosted.

This is less an issue of the price of an individual Lumen and more the market cap value of Stellar. With the confidence of major organisations comes the willingness of anchor entities to purchase Lumen to act as transaction mechanisms. In some respects this is no different to most cryptocurrency variations in price – which is largely down to the confidence of those working with it.