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The Price of Stellar (XLM)
For those who are new to cryptocurrency investment, Stellar, or XLM, would typically not be the first choice. This is not because it’s not a worthy investment, it’s because the Stellar price today is a little unstable, and there are many possible outcomes for where the Stellar to USD value will head. What is known, however, is that it can only go up from here.
Stellar Lumens, or XLM, was established in 2014 as an open-source protocol operating similarly to Ripple. Its protocol is exceptionally efficient, which is what sets it apart, and it was one of the very few forms of cryptocurrency to experience growth when most other platforms were suffering from hacking, scams, and price drops. As a result of this, it is named as one of the top 10 digital coins, proving its worth and position in the market. If you aren’t paying attention to Stellar price graphs, there’s no time like the present to begin taking notice.
Price History and Value of Stellar (XLM)
Stellar’s price history started off humbly on August 5, 2014. It was worth a mere 0.0024 cents. From August 2014, until October of 2015, the Stellar price had remained relatively the same, fluctuating ever so slightly. At the end of October in 2015 however, it hit the late 0.002s, making the Stellar price live one to watch.
It remained consistent through until November 17, 2015, when it started its decline back to 0.001. The Stellar price exchange showed very little change up until December 8, when it finally hit 0.0022 again. On May 5, 2017, the XLM to USD rate was 0.010 and doubled in as little as 24 hours to be worth 0.021. Thousands of people began to check Stellar price charts at this point, for again, within 24 hours, it had doubled once more to 0.053 – a 2,109 percent increase.
The price of Stellar remained consistent, at around this 0.050 mark, until May 19, 2017, when it dropped to 0.040, but the downward trend wasn’t to last. The Stellar price in USD finally hit “whole” cents on December 5, 2017, closing at 0.12 cents. Less than two weeks later, the Stellar to USD price took another dramatic leap, reaching 0.23 cents on December 16, then reaching over half a dollar by January 2, 2018. By January 3, it was within a whisker of reaching a dollar, falling short by just under 11 cents at 0.89 cents.
Investors began getting their hopes up, but 2018 hasn’t been as a kind to the Stellar to USD rate as of March. On March 25, it had dropped to just 23 cents. However, if you looked at the Stellar price chart of all time, these gains and losses are not to be scoffed at. During the year 2017, Stellar had risen by 41,900 percent – a phenomenal increase that, if enough investment was made in the beginning, could have made someone exceptionally rich.
Stellar Lumens (XLM) to USD Price
The Stellar to USD rate in March of 2018 was a little over 0.23 cents, and while this doesn’t seem like a significant sum to write home about, it’s a far cry from the 0.0024 cents it was worth back in 2014. Now, Stellar has a circulating supply of 18, 550, 591, 329 XLM, of a total amount of 103, 807, 834, 721. It has grown by over five percent since the beginning of 2018 and has a market cap of nearly $8 billion.
The Future Price of Stellar
Knowing what the future XLM to USD rate will be in the future is hard to predict, and there are several valid theories. Some people expect the market cap to reach over $180 billion, with the potential for the Stellar price in USD to be above $1. Others hope it to reach over $11 after its rise in the ranks draws in the punters.
One thing is for sure; the only way is up for this cryptocurrency. Keep your eye on the Stellar price exchange, and if you’ve got a spare $100, there is no harm in throwing it in and seeing what happens.