Stellar price and also all other to altcoin prices are getting high on Thursday, 25th January. In the beginning of January, it was reached $16 billion US dollar with the value of $0.93. Now, it is again getting up after a short dip in the middle of January, it has touched its recent lowest market capitalization $5 billion with the value of $0.31. Today’s price of XLM is $0.56, it increased more than 15 percent high with the market cap of $10 billion after soaring 20 percent high on Wednesday.
After online payments company Stripe said it may add support for the cryptocurrency. All the top crypto-coins prices are getting high. In that, Stellar Lumens also one. In the official blog post of Stripe, the product manager Tom Karlo and company said on Tuesday that due to the slow transaction rates and high fees, they would stop processing bitcoin transaction on April 23, but they may add Stellar if substantive use continues to grow.
If you are new to Stellar, then read the motive of Stellar Lumens. You can see this line on the official website, as it reads “It is an open-source, distributed payments infrastructure.” In this most advanced developing world, some people are still struggling with the various way to transfer money across the world. While there is huge number of cryptocurrencies and projects going under the same plate. Stellar is also one but with their own aspects which let their users transaction in faster, reliable and multi-currency under Lumens.
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Lumens are the native asset of the Stellar network. XLM is shorthand for the lumen. Formerly it is named as STR. Stellar was launched in 2014 with 100 billion stellars, then they launched their upgraded network with the name by changing the native asset from stellar to lumen.
You can buy and sell Lumens on several markets and exchanges such as Upbit, Binance, Bittrex, Poloniex, Kraken, OKEx, RippleFox, AEX, and much more. Please be aware of the risk of investing in digital currencies, which may cause complete loss. Also, do your own research before investing in any cryptocurrencies.
