Stellar Lumen (XLM) CFD Trading

Create, send and trade any digital representation of money at low cost. Stellar’s efficient utility solves real-world problems. Start trading XLM with ATFX today.

Why trade Stellar Lumen with ATFX?

Zero Commissions
ATFX charges no commission on Stellar Lumen CFDs trading, and no bank fees for deposits and withdrawals from your ATFX account, dramatically improving the bottom line for Stellar Lumen traders.
Trading Open 24/5
Trade Stellar Lumen CFDs 24 hours a day, five days a week with the ability to open and close positions as you see fit with ATFX, your preferred Stellar Lumen broker.
Go Long as Well as Short
Trade the ups and downs of Stellar Lumen with our CFDs.
Trade Stellar Lumen on Leverage
With ATFX you don’t own the actual cryptocurrency, but you still gain exposure to Stellar Lumen price changes, and you only need to have 50% of the position value as margin. This also means that any profits or losses will be magnified and it is important that you understand the risks involved.

Trading Conditions

Name Stellar vs US Dollar
PRODUCT
XLMUSD
MINIMUM SPREADS
0.005
LOTS SIZE (MIN/MAX)
0.1/10
CONTRACT SIZE
1,000
PIP VALUE/LOT
1 USD
CURRENCY
USD
1:400 ACCOUNTS
1:10 Leverage
1:200 ACCOUNTS
1:10 Leverage
1:100 ACCOUNTS
1:10 Leverage
SWAPS
Refer to Trading Platform
TRADING HOURS* (MON)
00:05-23:59
TRADING HOURS* (TUE-THU)
00:01-23:59
TRADING HOURS* (FRI)
00:01-23:55

Stellar Lumen (XLM/USD) Price Today

What is Stellar Lumens?

Stellar Lumens is a blockchain crypto project that aims to bridge the gap between the traditional financial system and cryptocurrencies. Unlike most other crypto projects trying to disrupt the conventional banking system, Stellar believes in coordinating with traditional institutions to achieve common objectives. Stellar Lumens is one of the few early crypto projects still relevant today. David Mazières, Joyce Kim and Jed McCaleb founded the project in 2014. Jed was also a co-founder of Ripple, but he left the project after a disagreement over the project’s vision. As a result, the Stellar blockchain was initially forked out of Ripple in 2014. The Stellar Development Foundation is responsible for developing the project. It is a non-profit organisation based in the United States. The foundation received $3 million from Stripe CEO Patrick Collison in 2014. In exchange, Patrick got 2 billion XLM coins out of the cryptocurrency’s total supply of 105 billion coins. what-is-stellar-lumens

How Does Stellar Lumens Work?

If you’re asking questions like ‘is Stellar Lumens a good investment?’ you must first understand the project’s vision. Stellar wants to become the global leader in cross border payments leveraging blockchain technology and cryptography. Stellar Lumens doesn’t intend to replace the banking system. Instead, it aims to revolutionise it by merging legacy banking systems with cryptocurrencies.

The team behind Stellar has introduced multiple fiat on-ramps to enhance the global adoption of cryptocurrencies. In addition, the project is working closely with governments in South America for the issuance of stablecoins pegged to their local currencies. Such initiatives and Stellar’s recent partnership with MoneyGram could make it an ideal solution for remittance payments.

Network Architecture of Stellar Lumens?

As described earlier, Stellar crypto was initially a Ripple fork. However, the Stellar Development Foundation revamped the network architecture in 2015. As a result, the Stellar blockchain now consists of 23 top tier validator nodes, which the Stellar Development Foundation runs along with a few other notable institutions.

In addition to these validator nodes, there are about 100 other core nodes. Anybody can set up a Stellar core node to help secure its blockchain. However, these nodes are not incentivized at the protocol level for their services.

Although the Stellar network supports smart contracts, there are still very few Dapps on the network. This is because the development team is more focused on making it a payment platform than a smart contract platform. The network can currently settle 1,000 transactions per second.

XLM crypto is the Stellar network’s native asset and is used to pay transaction fees on the network. Therefore, any XLM price prediction depends on the adoption of Stellar’s protocol.

Is Stellar Lumens a Good Investment?

XLM coin is the utility token for the Stellar Lumens blockchain. Therefore, its prices are directly tied to the success of the platform. You may ask, ‘Is Stellar Lumens a good investment?’ In that case, you should know that the coin has already generated a 34,047% return since 2015. Nevertheless, due to the ongoing slump in the crypto markets, the coin has fallen 42% in 2022. Still, if you’re confident about the project’s fundamentals and believe in Stellar’s vision, the current downtrend could present a good buying opportunity. It is critical to mention here that the ongoing SEC lawsuit against Ripple has adversely affected the Stellar Lumens price. The reason is the project’s previous ties with Ripple. Due to the prevailing regulatory uncertainty, Grayscale had to sell a significant chunk of its Stellar holdings while also halting any further investments in its Stellar trust. what-affects-stellar-price

What affects the Stellar Lumens price?

A direct correlation can be seen between XLM crypto and Bitcoin prices like any other cryptocurrency. This factor became evident when the Bitcoin price soared to record highs in 2017. The massive influx of retail investors into crypto pushed the BTC price above $20,000 in December 2017. Since most cryptocurrencies were paired against Bitcoin on exchanges, their prices also went ballistic. In January 2018, the Stellar Lumens price hit its all-time high of $0.96. It was a whopping increase of 15,300% from its September 2017 lows of $0.0062. The chart above shows the surge in XLM prices at the end of 2017. However, as Bitcoin prices entered a bear market in 2018, Stellar Lumens also fell sharply, and the coin kept trading below $0.15 for the next two years. In the 3rd quarter of 2020, the equities and traditional markets started booming again, and the XLM crypto price followed. By February 2020, XLM was trading just above $0.07. It was the same time when the global markets crashed due to the pandemic-induced worldwide lockdowns. The Stellar Lumens price also crashed in March 2020 and dipped to $0.023. This showed that Stellar Lumens was just as susceptible to global economic conditions as any other asset. In the fall of 2020, Bitcoin prices started soaring once again as the era of quantitative easing began. BTC went above $20,000 in December 2020 and kept making new highs. In addition to retail investors, many institutions also entered the crypto markets. This injected significant new capital into the markets, and crypto prices soared to record highs. During this time, investor interest in Stellar Lumens increased as the protocol offered many new features. The Stellar Lumens price surged to its 2021 highs of $0.80 in May. This was equivalent to a 3,300% price increase from its March 2020 lows. Nonetheless, the cryptocurrency failed to make a new all-time high, as the price faced immense selling pressure at these levels. After topping out at $69,000, Bitcoin trading enters into another downtrend. The recent selloff has sent the Stellar Lumens price into a downward spiral. The coin is now trading at $0.16, which translates into an 80% decline from its May 2021 highs of $0.80. The above correlation also suggests that future Stellar Lumens price predictions rely heavily on Bitcoin’s price action.

What is the circulating supply of Stellar Lumens' XLM coin?

The circulating supply of XLM coins also plays a significant role in its price action. Stellar Lumens initially had a maximum supply of 105,000,000,000 coins. However, in 2019, 55 billion coins were burned by the foundation. This curtailed the maximum supply to only 50 billion coins. This puts the current circulating supply of XLM at 24,797,749,824 coins. how-invest-in-stellar-lumens

How can you invest in Stellar Lumens?

If you’re wondering ‘where to buy Stellar Lumens‘, there are several ways by which you can gain exposure to its native asset, XLM. These include spot markets, futures contracts and CFDs. Spot Exchanges like Binance, Coinbase and Bittrex could be helpful if you have a long-term perspective. However, CFD trading could be a better option if you’re a trader and just want exposure to the volatility of XLM’s price action. CFDs or contracts for difference allow you to trade large position sizes with little capital, known as ‘margin’. When trading CFDs, you don’t own cryptocurrencies; instead, you speculate on the direction in which the prices are heading. This makes the CFD products ideal for investors with low initial capital. Another benefit of leveraged products like CFDs is that you don’t have to hold or manage the assets on a blockchain network.

FAQ

Stellar Lumens is a blockchain-based solution for cross border payments and remittances. A network of institutional nodes powers it.

The Stellar Lumens price follows Bitcoin’s price action, just like most altcoins. However, it also depends on the adoption statistics and network activity. Major network upgrades and big news also affect its prices.

You can trade Stellar Lumens via a reliable CFDs broker like ATFX.com. You can also buy it from crypto exchanges like Binance, Coinbase, Kucoin, Bittrex, etc.

The best way to gain exposure to Stellar Lumens is by trading CFDs. This is because they allow you to hold a much bigger position with just a fraction of capital through what is known as ‘margin’.

There are no minimum requirements. You can invest as low as $10 on most spot exchanges. You can increase your position size by trading CFDs as well.

Stellar Lumens enables fast and low fee payments leveraging blockchain technology. It also bridges the gap between cryptocurrencies and the traditional banking system.

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