Recently, the crypto-currencies, which were created by the developer Jed McCaleb, demonstrate outstanding performance. First Ripple, whose rate grew by 1000% for a month, and now it's Stellar Lumens. Over the past 24 hours, the price of XLM has risen 34% and reached $ 0.57, which allowed him to take the eighth line in the list of the largest crypto-currencies. Over the past week, the Stellar rate has more than doubled; together with this, its capitalization exceeded $ 10 billion.
The goal of Stellar is more than noble - to ensure the unity of the world community by the compatibility of various financial systems and currencies.
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What is Stellar?
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Stellar allows you to send any currency that you hold for anyone else in another currency, through the built-in distributed exchange. People can get any currency through the anchor that they added.
This altcoin, like no other, reflects the relationship between Bitcoin courses and alternative projects, almost instantly reacting to changes in the value of BTC.
Stellar encourages its participants, its positions in the crypto sphere are continually strengthening, so there is the reason to look at this development more closely.
Recently XLM (Stellar token) has been added to the Hong Kong Stock Exchange OKEx, which may explain the surge in traders' interest in this cryptocurrency. It is worth noting that the aggregate trading volumes of Stellar on OKEx are still small and amount to about $ 2.6 million in pairs with USDT, BTC, and ETH.
Also, the announcement of cooperation with the Pundi X payment service can make a positive impact, thanks to which it will be easier for users from Indonesia to access Stellar, and the cryptocurrency will be used as an instrument of international trade along with the rupee.
Recall that in mid-December, developers of the Kin token decided to abandon the blockade Ethereum in favor of Stellar.
Chart Source: CoinMarketCap