Stellar Made More Than 150% Gain For The Year Already

post image

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.

What is Stellar?

Take a look:

[video]https://www.youtube.com/embed/jsbMwp03qNI[/video]

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

Quick Look At All Crypto News And Events For November 2020
Were you too engrossed in trading left and right that you’d completely spaced on getting your monthly update of the latest events in the crypto world? Well,...
Bitcoin Era Success Story: Teen Hits Jackpot With Crypto Trading
17-Year Old Hits The Jackpot With Cryptocurrency Trading Venture The news media has been swept up in a tornado with the latest news of a 17-year-old boy...
Keep Up With October Crypto Events Checking Out This Quick Roundup
Top Crypto Market News Of October You Should Catch Up With Do you think the world is turning more crypto-crazed day by day? There’s no limit to your investments...
A Collection Of Fresh Crypto News For Those Who Missed Out
The Major Roundup On The Latest Crypto News In The World The last month has been full of events and brought even more pressure on local business pretty...
What Everyone Should Know About Tokenization
Blockchain tokenization is a means of digital representation of a right and can be done with the help of a ledger. This can be a right to asset ownership...
What To Expect From A Cryptocurrency Market In 2020
Crypto market has always been a good target for speculation, shady schemes, and "bad guys". It's also very controversial, especially for financial markets...
Ethereum Foundation Confirms Upcoming ‘Istanbul’ Upgrade
On November 7th, Péter Szilágyi announced the date of the foundations impending upgrade, known as ‘Istanbul’. This upgrade will be the eighth hard fork...
Bitcoin’s Volatility? In 2017 BTC Was More Stable Than In Its Early Days
Despite some 30% crashes in 2017, bitcoin managed to increase by total 1,400% last year, conquering the world’s financial stage. Banks are becoming more...
Stablecoin - Everything You Need to Know
What Is A Stablecoin? You must have heard of cryptocurrency which has been the recent talk of the town. Well, stablecoins are a form of cryptocurrency....
Influence of Recent Cryptocurrency Boom: Does It Still Hurt?
Crypto Exchange Gate.io Agrees With Reports Showing 51% Attack On Ethereum Classic Bitcoin is a decentralized digital currency (also known as cryptocurrency)....
What is a Security Token?
Security tokens became very popular, but do you really know what is STO?STO is Security Token Offering, which is identical to an ICO. In this, there are...
Canada Reports Blockchain To Be Amongst Its Highest Paying Industries
A report recently published by the Canadian Digital Chamber of Commerce proves that the money involved in the blockchain industry of the nation is at the...
Cryptocurrency Exchange Security Levels
The growing interest in cryptocurrencies has led to the emergence of a wide selection of both digital money and the sites where you can exchange one cryptocurrency...
Belarusbank Considers Setting Up Crypto Exchange
Last year March Belarus introduced a decree by which it legalized cryptos and some activities related to them. This made Belarus a frontrunner in the race...
Gold Pulls Bitcoin Investors From BTC, Says Van Eck Associates CEO
In 2017-2018 bitcoin bit gold as bait for investors. However, the situation is expected to change in 2019 as investors already hope more for the gold than...