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Home Markets Cryptos

Stellar defying gravity, gains 103%

Olumide Adesina by Olumide Adesina
January 6, 2021
in Cryptos
Stellar outperforms many Cryptos, yearly gain hits 233%
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The 9th most valuable crypto asset, Stellar is witnessing high buying pressure amid the bullish trend in play at the crypto-verse.

What you should know: At the time of writing this report, Stellar traded at $0.349161 with a daily trading volume of $8.6 billion and is up 102.63% for the day. It has a market value of $7,663,944,223.

READ: Stellar outperforms many Cryptos, yearly gain hits 233%

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Stellar is an open platform that permits its users’ funds transferred and stored.

It began its operation about 6 years ago, with the major objective to boost financial inclusion globally by reaching the world’s unbanked prevalent in many parts of Africa and minor Asia. It, however, updated such objectives by focusing on assisting financial institutions to connect with each other through blockchain technology.

READ: Best performing financial asset in 10 years, Bitcoin up 37,833,333%

  • Its crypto token is known as the lumens, with the purpose of making it fairly cheap to trade financial assets across borders, with the mission to outplace many existing payment providers, who often charge high fees for such service.
  • Such buying interests as seen in recent times are greatly responsible for XLM gaining as much as 10886.44% since inception. Its incredible return outmatches major crypto assets in the crypto-verse.

READ: Ethereum defying law of gravity surges past $1,050


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Tags: cryptoStellar
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

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Comments 2

  1. Bulus says:
    January 6, 2021 at 11:30 pm

    Well done Mr Olumide, have been following you for quite a while and have become attracted to the Crypto world via your insightful analysis. Pls what kind of crypto short time investment/trading can one engaged in?

    Reply
  2. Anonymous says:
    January 7, 2021 at 12:44 am

    I am interested in buying this stellar Lumen now. How do I go about doing it
    I am new to this crytocurrence

    Reply

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