Stellar (XLM) Dips 11%: Risky Investment?

When you look at the crypto chart of XLM you can’t miss the curved line that goes down, which means the fall of that crypto. For the last day, the value of the Stellar token has decreased with the continuous speed showing negative dynamics from $0.321920 to $0.284258, which is a decrease of 11%. The total cap market of the crypto is making up $6,752,616,370, which brings the coin on #24 rank of Market Cap Rank. Furthermore, the circulating supply of the token is 23,730,653,917 when the total supply is equal to 50,001,802,784.

Stellar is a blockchain-based payments network that aims to provide a global, efficient system for digital asset issuance and exchange for individuals and institutions. Its native cryptocurrency is Stellar Lumens (XLM), which is used to pay transaction fees on the network to combat spam. Jed McCaleb founded Stellar with the lawyer Joyce Kim after leaving Ripple in 2013 over disagreements about the company’s future direction. McCaleb’s goal is to ensure that Stellar can give people a way of moving their fiat into crypto — and eliminate the friction that people normally experience when they are sending money around the world.

Michael Rowels

Weekend Contributor.Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.