Stellar Lumens 12 days of christmas Wirex

← Back to articles

On The 7th Day of Christmas, Satoshi Gave To Me… Stellar (XLM)!

December 18, 2017 9:00 am Published by

As promised, another day, another crypto for you to unpack and learn about.

We’re noticing a lot of growing chatter about cryptocurrency. A WHOLE lot more people are aware of bitcoin, and they’re quickly moving into the lesser known coins as well.

Wirex is here to help you dive into these engaging discussions, and we encourage you to learn a little bit more about projects before investing. Today’s spotlight is on Stellar – also widely known as Stellar Lumens.

It’s been a popular one amongst the community – here’s a quick snapshot to catch you up to speed:

What is Stellar Lumens?

Stellar, also known as Stellar Lumens is a cryptocurrency focused on creating a low-cost financial service that is accessible to anyone. The service aims to enable its users no matter their wealth to internationally send money across through the use of anchors that act as bridges between the given FIAT currency and the Stellar Network.

They launched their upgraded network which changed the name of their asset from stellar to lumens to distinguish it from the stellar network itself and maintain the support of the non-profit organisation Stellar.

A little more on Stellar Lumens:

  • Established: 2014
  • Circulating supply: 17,842,843,161 XLM
  • Total supply: 103,511,312,336 XLM
  • Current Market Cap: $2,681,600,899
  • Notable team members:

The price

At the beginning of 2017, Lumens started at $0.002506 US dollars.

Today it’s around the $0.15029 USD mark

That’s roughly 5,829% increase in the year!


Stellar Lumens price chart

Source: Coin Market Cap

It’s no wonder everyone’s excited about this project…

Why the hype?

A couple of reasons… There’s always a first for everything – Bitcoin was the first cryptocurrency. Stellar Lumens is amongst the first to offer low remittance for international money transfer. Many people on cryptocurrency forums truly believe that Stellar Lumens holds the answer to eliminating remittance fees for international transfers and will pave the way for a more democratic financial system. We’ll have to see about that one.

The other plausible reason is that their logo is a rocket. Symbolic in the crypto community…

Bitcoin rocket

Source: Coin Telegraph

What are your thoughts on Stellar lumens?

Join the discussion in our community forum below.

Over the following days, we’ll continue our blog series on trending cryptos to help you sound like a pro at your Christmas parties.

Stay tuned!

Today’s Bitcoin Price Jump: Ready To Moon?

Is this the moment we’ve been waiting for? Is Bitcoin’s price about to turn from its recent negative trend (going dowwwwn) to a new bull-market to retest December’s all-time-high of $20,000!?   Today, the Bitcoin price spiked through a few significant resistance points on the four hour chart, including breaking above the Ichimoku cloud as… View Article

How Will Banks Respond To Crypto?

As the financial crisis of 2008 held the world hostage, one man offered a solution. Bitcoin was Satoshi Nakamoto’s response, the world’s first cryptocurrency; an open source project which meant there was no need for banks and people could be responsible for their own wealth. At a time when people were at the mercy of… View Article

Will Privacy Coins Change The World?

Ever since the first banknotes were printed cash has played a critical role in the way society functions, and the evolution of money has reflected the ever-accelerating growth in technology. It took centuries for the world to stop carrying chunks of metal in favour of little pieces of paper, and it might take decades for… View Article

Will BitGrail’s Demise Boost Calls for Crypto Regulation?

In January of this year, Nano (XRB) looked like the rising star of crypto. Its fee-free transactions and instant confirmations offered an exciting alternative to the strained bitcoin network. And Nano requires no mining grunt at all, unlike most of its rivals. In a feverish trading atmosphere, the price of Nano — then named RaiBlocks… View Article

Hi! New to Bitcoin? Get The Wirex Bitcoin Confidence eBook