After a rough week last week, and a Sunday full of red, many coins are back in the green today, including Stellar (XLM), Monero (XMR), and IOTA (MIOTA).
Stellar (XLM)
As the eighth largest cryptocurrency with a market cap of $6.7 billion, Stellar has lost some headway in the last few weeks. However, despite this, the crypto still hasn’t declined to the levels it was at in December of last year when the market cap was almost half that and the coin was in the $0.20 range.
Currently, Stellar is selling for $0.364963, which puts the coin up 5.26% in the past 24 hours.
Source: CoinMarketCapStellar has taken several larger jumps in the past 24 hours, although most of the coin’s movements have been minuscule. It looks to be trending downwards at the moment but at the moment it is still unclear whETHer Stellar will fall below its price point from a day ago.
For the past week, Stellar has been declining, but those committed to Stellar shouldn’t panic just yet. Stellar is backed by a great team, filled with experts on the distribution and security of blockchain. The Stellar Consensus Protocol is largely focused on making XLM compatible with use in the real world and provides Stellar with stability and security. Stellar is about development and many believe that this coin will continue to develop.