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Stellar Coins (XLM): Should you Invest?

Have you traded cryptocurrencies through cryptocurrency exchange? If yes, you must have come across Stellar coins (XLM) already. It is one of the most popular token pairs the cryptocurrency exchanges offer its users. 

But what is Stellar (XLM)? It is a popular emerging digital currency, which currently ranks among the top 30 cryptos. Why should you buy Stellar tokens? These are some of the frequently asked questions about Stellar XLM. Let me walk you through the various aspects of this altcoin so that you can make a choice whether you should buy this crypto coin.

What Is Stellar (XLM)?

Stellar is an open network, which enables the movement and storage of money. This network was founded in 2013 by Jed McCaleb in association with Joyce Kim, a lawyer. However, the release of the protocol was done in July 2014. The main goal of the Stellar blockchain was to boost financial inclusion and reach the unbanked of the world. However, the goal shifted soon and it prioritized helping financial companies and get connected to one another by using blockchain technology.

Stellar Lumens (designated as XLM coin) is the native token of the Stellar network. It works as a bridge, making crossborder transactions of assets less expensive. This essentially challenged the current leading providers of payment services in this financial system as the latter charges high fees. 

Stellar Coins (XLM): Facts & Figures

All these facts and figures will help you to make a decision on investing in Stellar XLM:

  • XLM price: US$0.3512 (as of Oct 7, 2021)
  • Trading Volume (24h volume): US$1,643,842,422 (as of Oct 7, 2021)
  • All-Time High (ATH) Price: US$0.9381 (reached on Jan 04, 2018)
  • All Time Low (ATL) Price: US$0.001227 (reached on Nov 18, 2014)
  • 24h Low: US$$0.3257 (as of Oct 7, 2021)
  • 7d Low: US$0.2759 (as of Oct 7, 2021)
  • YTD (Year-To-Date) Return: 163.60% (Jan 1, 2021 to Oct 7, 2021)
  • Market Cap: US$8,354,866,433
  • Crypto Rank (in terms of market cap): 23
  • Fully Diluted Market Cap: US$17,535,209,443
  • Max Supply: 50,001,806,812
  • Total Supply: 50,001,802,744
  • Circulating Supply: 23.82 Billion XLM (48%)

What’s so Special about Stellar XLM?

  1. When you are making cross-border payments through fiat currency based payment solutions (say, through PayPal) or through Bitcoin or ethereum blockchains, the transaction fees and costs are extremely high. However, the Stellar network helps you make cross-border payments at just 0.00001 XLM.
  1. Stellar has successfully made partnerships with behemoths such as IBM to launch the World Wire project. It enables large financial institutions to submitting transactions to the Stellar network and make transactions using stablecoins and other bridge assets.

How is the Stellar Network Secured?

The Stellar Consensus Protocol secures the network. This protocol has 4 main properties:

  1. Decentralized control
  2. Low Latency
  3. Flexible Trust
  4. Asymptotic Security

Decision-making can’t be done by any single entity and anyone can join the process to achieve consensus through Stellar Consensus Protocol (SCP).

Where Can You Buy Stellar (XLM)?

You can buy THETA coins in almost all reputed cryptocurrency exchanges including:

  1. Coinbase 
  2. Binance
  3. Kraken
  4. Bittrex
  5. Bitfinex
  6. Upbit 
  7. Huobi

You can use credit cards, debit cards, or money transfers from a bank account to fund your cryptocurrency trading or investing account in a leading cryptocurrency exchange. 

The most popular price pairs of XLM is:

  • XLM/BTC

Before investing check out historical data of token XLM, crypto news, XLM price charts, XLM to BTC exchange rate, and others.

Invest in Stellar XLM and Other Cryptocurrencies

You can buy and sell Stellar XLM and other cryptocurrencies against various fiat currencies (US Dollar USD, British Pound, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges), crypto APIs, and bitcoin cash markets. Use Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility. 

If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, price statistics, block times, blockchain news, and others to time your trading of Defi protocols and tokens for maximum profit. 

You can also diversify your crypto coin portfolio by including other cryptocurrencies such as XLM, BTC, AAVE, Ripple XRP, Bitcoin Ether ETH, Bitcoin Gold (also called Bit Gold), Bitcoin Cash BCH, Basic Attention Token, Ethereum Classic, Binance Coin, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, ERC20 tokens (created on Ethereum blockchain), nonfungible tokens NFTs, and others. 

Also, invest in various types of stocks, mutual funds, index funds, real estate, and others to improve your personal finance. If possible, get help from a portfolio manager or wealth management firm for maximum return.