ICYMI recently organized a Stellar workshop in association with IDEO CoLab and CoinList’s Hackathon. For Stellar developers, it is a great opportunity to learn a lot.
In a recent podcast, Nikhil Saraf, Principal Software Engineer at Stellar Development Foundation, stated that international payments are not an easy challenge to tackle. The chain is working efficiently to cope up with the current fee-ridden systems and working for a more decentralized way of international asset transfer.
XLM Price Statistics:
- On September 17, at 10:45 UTC, Stellar was trading around $0.0590
- The 24-hour volume of Stellar is $170,301,999 with an ROI of 1,874.55%
- THe market capitalization of XLM was $11,180,103,722
- Along with that, against the Bitcoin, Stellar is valued at 0.00000575
On August 21, Stellar was trading at $0.06886. However, from there, the coin, today, has made a sharp dip of 14.6%. Similarly, in the last 7-days of trading, it broke down further by 1.46% from the price of $0.05994 on September 11. Nonetheless, the intraday trading was a bit bullish where it gained a momentum of 0.77%, after opening at $0.058171. The coin closed the other day at $0.058621.
On September 11, the coin has declined by a substantial margin but since then, the movement has been more or less flat. Additionally, the immediate resistance for the crypto is at $0.05916 and a support level is at $0.05806.
It is a well-known fact that cryptos are a major source of foreign or cross border transactions. Stellar is one of the major altcoins working in the democratization of cross border trade. Meanwhile, it will be better to hold XLM coins for the long-term to make huge profits.