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What is Stellar (XLM)

investing08 - 2024-05-10 08:37:33


  • Stellar (XLM) blockchain is a ledger it is used to transfer digital currencies, It has its native token known as (XLM) and Stellar lumens only cryptocurrency works on stellar blockchain.


*Its blockchain is fater than the Bitcoin, it uses a algorithm which is faster, cheaper and energy efficient than bitcoin.


*It is centralized around the Stellar development foundation and they have a large share of lumens tokens.


*It is launched in 2014 by JedMcCleb, he also co-founded Ripple.


Founder of XLM


*JedMcCleb founded the stellar development foundation which is a non profit organization in 2014 with his co founder known as Joyce kim.


Circulation of XLM


*As per now xlm has a maximum or total supply of 50,001,806,812 XLM tokens from which 28,917,132,437 XLM tokens are circulating in market in may 2024.


*Xlm ranked at 34th in may 2024 with market cap of $3,105,968,759 among other crypto currencies.


Where to buy XLM


*As per now if anybody wants to invest in xlm then they can just invest in many exchanges like- Binance, Bybit, Gate.io, HTX ,OKX, Kraken and Coinbase Exchange and Upbit.


Technical and Future of XLM


*As I have shown below in my chart of Xlm Usdt it went up and leave a order block and liquidity level below.


*Liquidity at 0.066$ and order block at 0.044$.


*As all of you can see market is crashing and we expect a good correction , if crash continues you can just buy at these levels for future holdings.


*Xlm Usdt will go at these levels before making its new all time high.


*Invest at given levels and earn good profit from your investment.
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