How much is Stellar today - Price chart in dollars (online) and price forecast. Where can you buy Stellar (XLM) and how cryptocurrency works. The Stellar chart shows the change in the value of the cryptocurrency in real time. Dozens of standard and custom indicators can be used for analysis. Stellar is one of the most well-known cryptocurrencies on the market.
Stellar can be bought in a few seconds on the Cryptocurrency Exchange .
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Technical Analysis & Forecast Stellar
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About Stellar
Stellar is a blockchain platform designed to exchange any type of assets with a minimum commission. Both fiat currencies and cryptocurrencies and other types of assets are available for exchange, Stellar cryptocurrency tokens are used as an intermediary.This cryptocurrency was created as a fork of the Ripple cryptocurrency. The thought leader of Stellar, Jed McCaleb, was unhappy with the centralization of the project, Ripple Labs actually retains control over the network. Stellar had to be devoid of this shortcoming.
The project was launched in 2014, but until 2015, Stellar, from a technical point of view, was practically a copy of Ripple. In 2015, there was a transition to its own protocol, in the same year the rebranding of tokens took place, they began to be called lumens.
100 billion XLM tokens were immediately issued. Of these, 50% are distributed among the crypto community, 25% are directed to non-profit organizations, 20% to Bitcoin and Ripple holders (19% and 1% respectively), and only 5% of the tokens have been used by developers to form a fund that finances the work of the Stellar Development Foundation. The initial funding for the work was provided by Stripe, which issued $3 million to the developers. Later, this loan was repaid with 2% XLM token from the reserve fund.
The Stellar Development Foundation has offices in San Francisco and New York. The team consists of over 50 people.
After listing on crypto exchanges, Stellar quotes remained at the same level for more than six months. A sharp increase was observed in the second half of 2017 and early 2018, at the moment the exchange rate grew by more than 100 times. This was followed by a decline caused by a general decline in interest in cryptocurrencies, stabilization came at price levels 10-15 times higher than the cost of XLM tokens after entering the exchanges.
It was possible to prevent the collapse of the value of the cryptocurrency after the listing due to the fact that the developers ordered large owners to freeze their coins for 5 years.
At the initial stage of development, an economic model with controlled inflation of 1% per year was used. In the fall of 2019, the Stellar community proposed to abandon the inflation model, starting with the 12th version of the Stellar protocol. This did not greatly affect the Stellar course.
Stellar uses a subspecies of the PoS (Proof of Stake) consensus algorithm called SCP - Stellar Consensus Protocol. The SCP itself is divided into 2 sub-protocols - the nomination protocol and the voting protocol.
SCP is based on the FBA (Federal Byzantine Agreement) model, and the so-called quorum slice is used to reach consensus in the system. The essence of this technique is that it is enough for a node to validate a transaction that it is approved by the nodes it trusts (quorum slice). For example, node #1 trusts the decisions of nodes #2 and #3, if they confirmed the transaction, then node #1 is considered to have confirmed it. In this case, the node can choose several quorum slices.
The work of the Stellar network is organized through a system of gateways - trusted persons who issue any type of asset on credit secured by XLM tokens. Banks and other institutions can act as such creditors.
When working, the user deposits a certain number of XML tokens as collateral, the lender issues the equivalent, for example, in dollars, as a loan. A transaction is formed and the money is sent to another country to another Stellar user. Collateral tokens remain the property of the gateway, and the transfer itself takes no more than 5 seconds. Throughput is calculated in thousands of transactions per second. The transaction fee is fixed at 0.00001 XLM.
Also, the Stellar platform can be used to conduct an ICO. In 2018, it became the second most popular after Ethereum.
- You can buy Stellar tokens on the most famous crypto exchange Crypto Exchange.
On the crypto exchange, trading is carried out in pairs with Bitcoin, Ethereum, stablecoins and fiat currencies. There are XLM pairs with internal exchange tokens.
When making a forecast for Stellar, the following factors are taken into account:
- Messages from developers. Both the blog on the site and the official Twitter are suitable as a source;
- Communications about partnerships with companies and banks;
- The general state of the crypto market. Often, the Bitcoin exchange rate is used as an indicator of interest in cryptocurrencies. Most of the time, there is a correlation above 0.7 between the BTCUSD and XLMUSD charts.
Partnerships with companies such as IBM also speak in favor of a bright future for the project. There is a high probability that the price of Stellar will grow, and the growth can be multiple. The period of the chart being in the area of the lows should be regarded as an opportunity to buy cryptocurrency at a bargain price. Volatility allows you to earn intraday.