Chances are you have heard of cryptocurrencies trying to replace fiat currencies like BTC or KCS, but XLM is a unique cryptocurrency that aims to do the opposite. XLM is the native coin of the Stellar network, which you can buy on Kucoin. Kucoin is perhaps the best crypto trading platform because of its many features, giveaways, outstanding security system, and experienced security team. In this article, we will discuss the prices and historic charts of XLM. So let us get into it.
What Is The Price Of XLM?
As of 3rd July 2022, XLM has a price tag of 0.107256 US dollars for each coin.
Other Details About XLM
XLM is native to the Stellar ecosystem and is their coin, which aims to be used as a currency exchange method more than a typical cryptocurrency. It has a market cap of around 2.68 billion US dollars and a maximum supply of 50 billion tokens. Currently, it has a circulating supply of 24.71 billion tokens.
Historic Charts Of XLM
XLM started in 2019 and gradually decreased in price, hitting rock bottom in the 3rd month of 2020. Afterward, it started rising gradually in price. Near the end of 2020, in the 11th month, XLM increased in price, then quickly dropped but remained above the original price. Following this, it shot up again, fell higher than the original price, and again in late January 2021. This trend continued until mid-2020 when it reached its peak price at 0.733 US dollars per coin. Ever since it has been decreasing in value over time, it shot up in the 7th month of 2021 from 0.211 US dollars per coin to 0.423 US dollars per coin. Ever since, XLM has been on a downward trend till date with some fluctuations now and then.
Over the last year, XLM has lost nearly 60% of its value, over the last month, it has lost 27% of its value, over the last week, it has lost 15% of its value, and over the last 24 hours, it has lost nearly 0.38% of its value.
Is XLM A Good Investment?
XLM only aims to make digital transactions easier and promote using cryptocurrencies for payments instead of fiat currencies. XLM has already partnered with giants such as IBM and MoneyGram International, which has increased the Stellar network’s stability. While it is unlikely that XLM will rise to $1 per coin any time soon, it will still increase in value over the years, according to the experts’ predictions. Simply put, XLM is a great investment for patient investors.
Conclusion
To end this, here is a summary. XLM decreased slightly in prices, then shot up massively, and has been on a downwards trend since. It has partnered with massive companies, and you can buy XLM on Kucoin, a reliable and fun platform for cryptocurrency trading. Kucoin also offers great security for its users and their assets through a sophisticated security system.
