Stellar price

At the start of 2018, the Stellar price took off like a rocket, which was very fitting for their rocket logo at the time. Is it a coincidence that the price has mainly decreased since the logo got a modern makeover...? Let’s find out! You’ll read everything about the Stellar (XLM) price on this page.

Staying up to speed with the cryptocurrency prices kan feel like a rollercoaster (or should we say a rocket?). In just a matter of seconds the price can shoot up or spiral down. The price of XLM is constantly fluctuating, 24 hours per day, 365 days a year. This is quite different from the traditional stock market, where there’s a closing time and you can be home in time for dinner, and don’t have to keep track of anything for the rest of your evening.

Having doubts about when to buy Stellar? Look at the return on investment after one, three, or five years. Still in doubt?

Curious about the price on a specific day or during a certain period? We’ve got your back!

Stellar aims to speed up international transactions, also known as Remittance. And so far, the blockchain of Stellar is doing a great job! The network is able to handle thousands of transactions per second.

The Stellar price is kind of like a trip to the moon and back. Check out the short, but eventful history of the Stellar price above.

• The Stellar company is founded on July 31, 2014. The accompanying coin, XLM, is launched on August 5 valued at just 0,003 euros.

• And off we go! Five days after its launch XLM is worth twice as much: 0.006 euros.

• Only a few days later the all-time low is reached: 0.001 euros.

• By Christmas 2014, XLM is worth 0.008 euros.

• For a few years the price moves steadily between 0.002 and 0.004 euros.

   

The Stellar price is determined by supply and demand. Buyers and sellers meet each other through online international crypto exchanges. Based on all their combined buys and sells, an average XLM price is established.

There are several factors that influence the supply and demand, and therefore the price. For example: the news. Positive news about Stellar can have an equally positive effect on the price. If the software is improved for instance, this can enhance the overall trust in the project, which can lead to a higher demand and therefore a higher price.

FOMO can be another factor. FOMO stands for Fear Of Missing Out. You hear everybody talking about Stellar. All your friends and even your grandparents are buying Stellar. You don’t want to be left out and decide to join the club. It’s a chain reaction, which again results in a higher demand, leading to a price increase.

We’re sure you’ve heard this one before, but we cannot emphasize it enough. Investing in cryptocurrencies is risky business, but at the same time it can be one of the most interesting investments you can do.

With BLOX you can buy crypto like Stellar with great ease and speed. So buckle up and you might go to the moon as well!