Stellar Lumens is trading for $0.18 with a 24-hour trading volume of just under $305 million. The 32nd coin by market cap has gained 4.18% in the last 24 hours.
Look no further than this quick guide if you want to know more about Stellar Lumens (XLM), if buying it is reasonable, and the top places to buy XML today.
Top places to buy XLM now
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What is XLM?
Stellar is an open network that allows money to be moved and stored. When it was released in July 2014, one of its goals was boosting financial inclusion by reaching the world’s unbanked.
Soon afterwards, its priorities shifted to helping financial firms connect with one another through blockchain technology.
The network’s native token serves as a bridge that makes it less expensive to trade assets across borders. All of this aims to challenge existing payment providers, who often charge high fees for a similar service.
Stellar was originally based on the Ripple Labs protocol. Stellar is unique because every transaction costs just 0.00001 XLM, which is a fraction of a penny.
Should I buy XLM today?
XML can definitely be worth investing in if your timing is right. Unfortunately, this is often impossible to know in advance. Any investment decision should take your risk tolerance into account. Don’t take any price predictions at face value.
XLM price prediction
Wallet Investor sees a stellar future for the token, predicting it will trade for $0.81 five years from now. If you invest in it now, your gains will be +351% if WI proves correct. A $100 investment may be up to $451 in 2027.
XLM on social media
happy pump day everybody. You see where are the resistances. To have this pump continue toward a quarter dollar, 20c needs to flipped and hold. Can see #BTC could pump to $44,400 levels. #XLM $XLM #Stellar #Lumens #XRP pic.twitter.com/E65Tlzjezk
— STΞLLΞR TRADING (@STELLAR_trading) March 9, 2022