Stellar News

The founder of Mt. Gox and co-founder of Ripple Jed McCaleb launched Stellar back in 2014, with the ex-lawyer Joyce Kim. Stellar is an open-source, decentralized protocol. The platform basically supports the transfer of the digital currency to fiat currency between any pair of currency. It operates on an international scale. Stellar is backed by the Stellar Development Foundation.

Stellar Lumens (XLM) is the native token that is used on the Stellar network. It acts as a mediator currency for multi-currency transactions in scenarios where a huge direct market does not exist for currency pairs. The flexible and highly useful nature of Stellar XLM has made many market experts curious of its 2020’s market performance prediction. Recently, the famous Senegalese-American artist Akon chose Stellar blockchain for his Akon cryptocurrency ecosystem. As per the latest news, last month has been especially unpredictable in nature for Stellar as its prices moved between $0.06–$0.086. As per press time, the price of Stellar Lumens is XLM 0.00000647 BTC or $0.039689. Its market cap in the past 24 hours has been $804,446,885 or 131,132 BTC. Amidst the volatile crypto markets, experts are finding it difficult to predict XLM’s 2020 price prediction. Although XLM is positioning itself as a perfect network for exchanging money throughout the world. The platform has been seen pushing the growth factor through steps like implementing the Lightning Network for atomic exchange, which yields high-speed processing. As of now, the crypto stands at 11th spot when it comes to the largest cryptocurrency, and it is only gaining more and more business every day.