Fundamental Analysis of Stellar (XLM)

• Stellar (XLM) is in some ways similar to Ripple (XRP).&

• Only about 50% of the total supply of XLM is in circulation.&

• XLM was established back in 2014 and has since grown to become an open-source project.&

Stellar (XLM) has some inherent similarities with Ripple (XRP). They can almost be calmer siblings since they originate from the same creator &- Jed McCaleb. XLM is opens-source and works to facilitate fast cross-border payments. It was released back in 2014.&

Stellar has a maximum supply of about 50 billion, with only about half (24 billion) in circulation. Its price ranges between $0.3238 and $0.3422. It has a daily trading volume of about $680 million. The market cap sits comfortably at around $8.2 billion.&

XLM has the advantage of low gas fees over other digital assets, especially for cross-border payments. Every transaction on the XLM network has a standard fee of 0.00001 XLM. In 2018, Stellar and TransferTo got into a legal agreement to aid cross-border payments for over 70 countries. It is the first digital asset to gain Shariah compliance for payment.&

In May 2020, about two-thirds of the total value of Digital currency was dropped. This did not affect the standing at best performing altcoin.&

Summary&

Stellar (XLM) is open source and allows and allows for easy and fast payment across borders. It has a standard fee of 0.00001 XLM for every transaction on the XLM network.

The post Fundamental Analysis of Stellar (XLM) appeared first on Coin Journal.

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