Stellar Lumens Price XLM

#23

$0.23

-3.40%

Buy Now

Price Information

1 Year Change

-46.09%

All Time High

$0.94 -75.54%

Volume 24h

0.1 B $ 30.04%

Market Cap

7.4 B $ -3.40%

Buy Now

Price Alert

Create a price alert and never miss the best entry time again

Set Price Alert

About Stellar Lumens

XLM Price Pulse: What’s Moving It?

As of now, Stellar (XLM) is trading at $0.23, reflecting a 3.15% decrease over the last 24 hours. With a market capitalization of approximately $7.46 billion, XLM remains a significant player in the cryptocurrency space. The downward price movement today can be attributed to a combination of broader market sentiment, investor profit-taking, and recent shifts in sentiment around blockchain projects with a focus on cross-border payments — Stellar’s core use case. Macro-economic factors such as interest rate concerns and regulatory news often ripple through the crypto markets, affecting tokens like XLM which have a close tie to financial services and institutional adoption. Additionally, fluctuations in BTC and the overall crypto market volatility tend to influence XLM’s price movements.

XLM Price Catalysts: Bull Case & Bear Case

Bull Case: Stellar’s core technology focuses on enabling fast, low-cost cross-border transactions, which continue to attract institutional partnerships and integration opportunities. The network’s ability to facilitate tokenized assets and decentralized finance applications also fuels optimism. If Stellar gains increased adoption in remittances, digital assets issuance, or partners with financial institutions globally, it could significantly drive demand for XLM and push prices higher. Additionally, innovations and upgrades to the Stellar network could improve scalability and security, encouraging further investment.

Bear Case: On the downside, the crypto market remains highly speculative and sensitive to regulatory scrutiny. Any unfavorable regulatory changes targeting cryptocurrency transactions, especially focused on stablecoins or cross-border payment systems, can negatively impact XLM. Competition from other blockchain platforms like Ripple (XRP) or new emerging technologies could dilute Stellar’s market share. Technical setbacks, network vulnerabilities, or failure to secure strategic partnerships may also harm investor confidence, resulting in price declines. Market-wide bearish trends and economic uncertainties continue to present risks for all digital assets, including Stellar.

Frequently asked questions

Why is Stellar going down right now?

Stellar's recent price decline of 3.15% is influenced by broader market volatility, profit-taking by investors, and shifting sentiments regarding blockchain projects involved in cross-border payments. External macroeconomic factors and regulatory concerns also play a role in short-term price movements.

What is Stellar (XLM) used for?

Stellar (XLM) is primarily used to facilitate fast, low-cost cross-border payments and token transfers on its decentralized network. It helps financial institutions, payment providers, and individuals to easily and efficiently transact value worldwide.

Is Stellar a good investment in 2024?

Stellar’s potential depends on its adoption in cross-border payments, partnerships with financial institutions, and crypto market conditions. While it has strong use cases, investors should consider risks such as competition, regulatory changes, and market volatility before investing.

How does Stellar differ from other cryptocurrencies?

Unlike some cryptocurrencies that focus primarily on store of value or decentralized finance, Stellar is designed to optimize cross-border transfers and asset tokenization with fast transaction speeds and low fees, targeting real-world financial use cases.

What factors could drive XLM price up?

Increased adoption for remittances, successful partnerships, network upgrades improving speed and security, rising demand for tokenized assets, and positive overall crypto market sentiment could all potentially push XLM’s price higher.

How can I buy Stellar (XLM)?

You can buy Stellar (XLM) on most major cryptocurrency exchanges using fiat currencies or other cryptocurrencies. Always ensure to use reputable platforms and consider secure wallets for storing your XLM tokens.

Popular Stellar Lumens Exchanges

View All

Crypto.com is a global cryptocurrency platform that lets users buy, sell, and trade digital assets. It offers a secure wallet, a crypto-backed Visa card, staking, DeFi services, and various financial products designed to make crypto accessible for everyday use.

Rating:

2.9

Reviews:

eToro is a multi asset social trading platform. Its standout feature is copy trading, letting you mimic successful investors. User-friendly and regulated, it’s great for both beginners and experienced traders.

Rating:

3.2

Reviews:

Bitget, founded in 2018 during a crypto downturn, is a global exchange focused on user-centric innovation. With roots in traditional finance, its team saw blockchain’s potential early on. Today, Bitget aims to make crypto trading more accessible while promoting long-term industry growth.

Bitpanda is a European neobroker on a mission to democratize the complex world of investing. With low fees, 24/7 trading and real-time settlement, Bitpanda empowers users to shape their financial futures - on their own terms.

Rating:

2.9

Reviews:

Binance is the world’s leading blockchain ecosystem, with a product suite that includes the largest digital asset exchange. Their mission is to be the infrastructure provider for crypto in tomorrow’s world.

Rating:

3.4

Reviews:

Kraken.com is one of the world’s largest and longest-standing cryptocurrency broker trading platforms. Founded in 2011 and headquartered in the U.S., it provides users with access to a wide range of digital assets such as Bitcoin, Ethereum, and many altcoins.

Rating:

3.9

Reviews:

Coinbase is a digital asset broker headquartered in San Francisco, offering exchanges of Bitcoin, Ethereum, and other crypto assets in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.

Rating:

3.5

Reviews:

Neverless is a new crypto trading platform created by former Revolut executives. It’s fully regulated in Europe and aims to make crypto more accessible by offering commission-free trading, competitive pricing, and support for over 700 cryptocurrencies. Users can also earn high yields on their assets and quickly buy crypto using Apple Pay or Google Pay.

Uphold serves 10M+ users, offering 300+ cryptocurrencies and fiat trading, deep liquidity, seamless swaps, advanced tools, a UK-exclusive card, and a secure Vault. Its 100%+ reserve model ensures transparency and security.

Rating:

3.9

Reviews:

ChangeNOW is a non-custodial service created for simple and fast cryptocurrency exchanges. They do not store funds or require any sort of account creation.

Rating:

4.6

Reviews: