Stellar is ranked at #11 on coinmarketcap. After Cardano had a bigger loss in comparison to Stellar, XLM improved in terms of market cap. The price of XLM is $0.088259. XLM sunk by 11.71% in the course of the past 24-hours.
The trading volume recorded is $425.288 million. The total market capitalization of Stellar stands at $1.714 billion. The circulating supply has 19,425,872,142 XLM tokens for now.
Check out their USD backed token now on https://t.co/9zGa1hjZvp 💵
— StellarX (@stellarxhq) July 8, 2019
Stellar is supported by IBM, the latter being well-known in the cryptosphere and the blockchain industry too. 42 various currencies are accepted by Stellar due to the IBM deal. This was also a recent upgrade published via Twitter:
— Stellar (@StellarOrg) July 9, 2019
The SEP-6 protocol makes wallets establish off-ramps for their consumers. The low-costs at which tokenized funds can be withdrawn makes this a delightful development. The client interface for the first edition has these features put into effect:
- anchorusd.com is to be used for withdrawal of US dollars
- stellarport.io is to be used for withdrawal of BTC, ETH and LTC tokens
- tempo.eu.com is to be used for withdrawal of Euros to a bank account of your choosing
This announcement was also met with great fervor in the cryptosphere. Due to these updates of Stellar, the altcoin has soared past Cardano and is now planning to overcome TRON.
However, that is easier said than done. TRON has been a high-flyer for more than a year, and even if it loses the rank at #10, the dApps and BTT file-sharing will bring in enough revenue for Sun and his team to be a competitor someday in the future.