Stellar Lumens Price Live Data and Market Insights

Stellar Lumens (XLM) is currently trading at around $0.20, with a market capitalization of over $4 billion. This is a significant milestone for the cryptocurrency, which has been steadily gaining traction in recent years.

The price of Stellar Lumens has been influenced by various market factors, including the overall cryptocurrency market sentiment and the adoption of the Stellar network by various institutions.

To get a better understanding of the current market situation, let's take a look at the price chart of XLM over the past year. The chart shows that XLM has experienced significant fluctuations, with a high of around $0.60 and a low of around $0.10.

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Stellar (XLM) is a peer-to-peer (P2P) decentralized network created in 2014 by The Stellar Development Foundation or Stellar.org.

The network officially launched in 2015 with the purpose of connecting the world's financial systems and ensuring a protocol for payment providers and financial institutions.

Stellar links people, banks, payment processors, and allows users to create, send, and trade multiple types of crypto.

Its native digital currency, XLM or Lumens, acts as an intermediate currency for operations and is also used to pay transaction fees.

XLM works by converting money in a few seconds, first into XLM, and then into the requested currency.

The Stellar payment protocol is based on distributed ledger technology, an open-source development, community-owned and distributed by community.

XLM is more focused on assisting individuals transfer money than institutions, making it a great option for those in developing countries.

The network maintains a high level of security, with XLM holders required to have at least one token to remain active on the network.

Lumens also offers protection against flood attacks by making microtransactions too expensive for hackers with no chance of profit.

The target audience of Stellar is the inhabitants of developing countries, who can access the global economy through fast, simple, and inexpensive transactions.

Stellar Network makes extensive use of Lumens to produce live convection as well as to send cash in multiple currencies.

There are currently 20.7 billion Stellar Lumens (XLM) in circulation, a significant reduction from the initial 100 billion issued in 2015.

The Stellar Development Foundation has taken control of approximately 30 billion XLM, which is reserved for marketing, development, and investments in other blockchain ventures.

This drastic move was taken to make the foundation "leaner" and more effective in achieving its goals, as explained by the foundation itself.

The Stellar Network is secured using the Stellar Consensus Protocol (SCP), which has four main properties: decentralized control, low latency, flexible trust, and asymptotic security.

Transactions on the network are confirmed quickly and cheaply, and safeguards are in place to prevent bad actors from taking control.

The total supply of Stellar Lumens (XLM) has undergone a significant change since its launch in 2015. A total of 100 billion XLM were initially issued.

The circulating supply of XLM is currently 20.7 billion. This is a notable decrease from the initial supply.

In 2019, the Stellar Development Foundation announced that it would be burning over half of XLM's supply. This drastic move reduced the total supply to 50 billion XLM.

The foundation now controls approximately 30 billion XLM, which is earmarked for various purposes, including marketing and investments in other blockchain ventures.

The Stellar Network's security is built on the Stellar Consensus Protocol, which has four main properties: decentralized control, low latency, flexible trust, and asymptotic security.

Decentralized control means that anyone can join the process of achieving consensus, preventing any single entity from dominating decision-making power.

Transactions on the Stellar Network are confirmed quickly and inexpensively, often within a few seconds.

Safeguards are in place to prevent bad actors from disrupting the network, ensuring the integrity of the system.

Stellar Lumens has been making waves in the cryptocurrency space with its expanding partnerships and services.

The Stellar Development Foundation (SDF) has deepened its partnership with traditional payment processor MoneyGram, rolling out a global on/off ramp "crypto-to-cash" service on the Stellar network.

This service provides FIAT users access to the world of cryptocurrency in several key remittance markets, including Canada, Kenya, the Philippines, and the U.S., with more markets to follow.

The service is powered by the Stellar blockchain and Stellar-enabled digital wallets, along with Circle's USD Coin (USDC).

SDF's partnership with MoneyGram is not a one-time deal, as they plan to embark on an accelerator project with Techstars to mentor startups developing technologies that facilitate the movement of money to and from Latin America.

Stellar's partnerships extend beyond MoneyGram, with collaborations with Flutterwave, Nium, WhiteBIT, Coinme, Mercado Bitcoin, and OKCoin.

These partnerships are in line with Stellar's roadmap to improve global adoption of cryptocurrencies in traditional cross-border payment circles.

Stellar is also partnering with government agencies, including the central banks of Brazil, Ukraine, and Indonesia, as well as the Bank for International Settlements (BIS).

The Stellar Lumens price is currently trading at $0.461194 USD with a 24-hour trading volume of $865,553,572 USD. This is a significant increase of 8.93% in the last 24 hours.

The current market capitalization of Stellar is $14,025,791,085 USD, ranking it #12 on CoinMarketCap. You can check the live price and data on CoinMarketCap.

Stellar's all-time high price was reached during the January 2018 crypto bubble, when it hit $0.9381. The price has fluctuated significantly since then, with a recent high of $0.2956 on 3 January.

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Stellar is an open network that allows money to be moved and stored. It was released in July 2014 with a goal of boosting financial inclusion by reaching the world’s unbanked.

One of the reasons Stellar is unique is that every transaction costs just 0.00001 XLM. This is incredibly low, especially considering one unit of XLM only costs a few cents.

Stellar has managed to secure partnerships with big-brand technology companies and fintech firms, including IBM, which teamed up to launch World Wire. This project allowed large financial institutions to submit transactions to the Stellar network and transact using bridge assets.

Another unique aspect of Stellar is its community-driven approach to funding. Users can vote on which ventures should receive support from the community fund. This allows the community to come together and decide how to allocate resources.

If you're looking for other assets similar to Stellar Lumens, you might want to consider Cosmos (ATOM). Cosmos is a decentralized network of independent parallel blockchains, each powered by the Cosmos-SDK.

Cosmos has a market capitalization of over $10 billion, making it a significant player in the cryptocurrency space. It's also known for its interoperability features, allowing different blockchains to communicate with each other seamlessly.

Polkadot (DOT) is another asset worth mentioning. It's a decentralized platform that enables interoperability between different blockchain networks, allowing for the transfer of assets and data between them. Polkadot has a strong focus on scalability and security.

Cardano (ADA) is a proof-of-stake blockchain platform that's similar to Stellar in many ways. It's known for its focus on scalability, security, and sustainability. Cardano has a strong development team and a growing community of users and developers.

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Uphold is a reliable platform for buying digital currencies, and it's a great option for those new to the world of cryptocurrency.

The Stellar Lumens price has taken a harsh reversal, forming a near double-top pattern at $0.6040, a bearish market signal.

This pullback has led to a decline below the neckline at $0.4168 and the 38.2% Fibonacci retracement level.

The markdown phase of the Wyckoff Method is partly to blame, characterized by supply outpacing demand.

The next potential level to watch is $0.2900, corresponding to the 61.8% retracement point.

This target also aligns with the double-top measurement.

However, in the long term, there are odds that the Stellar price will bounce back and reach $1.

This view will become valid if it rises above the year-to-date high at $0.6355.

Some short-term predictions from CoinCodex suggest a rise to $0.1163 by 5 October, before reaching $0.1304 on 30 October.

DigitalCoinPrice's XLM coin price prediction estimates the price could average $0.12 in 2022, $0.26 in 2023, and $0.36 in 2024.

CryptoPredictions.com predicts the coin could close 2022 at around $0.156, before potentially reaching $0.1572 by September 2023.

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WalletInvestor makes a pretty optimistic stellar lumens coin price prediction, suggesting it could trade at $0.145 in September 2023 and potentially reach $0.26 in five years' time.

It's essential to keep in mind that cryptocurrency markets are extremely volatile, making it difficult to accurately predict prices.

Always do your own research before making any investment decision, considering the latest market trends, news, technical and fundamental analysis, and expert opinion.

Keep in mind that past performance is no guarantee of future returns.

Never trade with money that you cannot afford to lose.