Founded in 2014 by Stellar Development Foundation, Stellar is an open-source network that allows users to access the global financial system. It is an open network that allows money to be moved and stored. Its mission is to transform the digital asset transfer market by creating a distributed network that equips users with everything. It allows users to send money and digital assets in unique ways with technology. It is simply a blockchain-based distributed ledger network that connects banks, payments systems, and users. These connection helps to facilitate cheap, cross-asset transfers of value, including payments.

Stellar users are equipped with abilities to transfer cryptocurrency to fiat money domestically and across borders. Most of these services are typical of payment providers, but Stellar takes a different approach to bolster it. The network can perform these tasks because it incentivizes distributed network of computers to run a standard software. This means that Stellar users can transfer any cryptocurrency and trade them across borders. Alternatively, Stellar has a top competitor in Ripple Labs' XRP, as both protocols provide payment providers and financial institutions. The native cryptocurrency of the network is Lumens, which trades as XLM.

When Stellar began operation, crypto experts found out that it copied the code that powered XRP Ledger. They both look similar in design, features, and function. Fortunately, the network has continued to update its services and has since implemented new techniques and operational changes. Stellar's 2015 update saw it move from the previous consensus mechanism to a native Consensus Protocol to achieve network consensus. Stellar Consensus Protocol (SCP) is based on Federated Byzantine Agreement (FBA). The SCP is a consensus mechanism that enables nodes to vote on transactions until it attains legal minimums. Apart from SCP, Stellar Core- a bespoke software made for user needs, also powers the network.

Nodes on the network are unique, as they can serve as Watchers, Archivers, Basic Validators, or Full Validators. While Watchers can only submit transactions, Full Validators can vote on transactions, maintain archives and participate fully in SCP. Stellar anchors, also known as Gateways, are also in charge of issuing assets on the network. Their importance to the overall stability and functionality of the network is not limited. They accept deposits of currencies and assets and issue new representations of these assets on Stellar. They are also like compliance officers, as they establish the requirements users need to meet to hold assets.

For knowledge purposes, XRP is a cryptocurrency project under the coffers of Ripple technology. It began operation in 2012, and it is a blockchain that allows users globally complete payments with each other. It solves issues with slow transaction speed and high transaction costs like Stellar. These issues are the most common with traditional payment providers. However, since Stellar is a fork of XRP, both platforms have existing similarities.

Mining of both cryptocurrencies is not available, as all coins have already been minted. The two cryptocurrencies limit the number of tokens in circulation and total supply. While the total supply of XRP is 100 billion coins, XLM is half the amount. Users of both networks are also familiar with high transaction speed and cheap transaction costs. The transaction cost on both networks is lower than many traditional payment service providers. It is also worth mentioning that transaction turn-around-time on both networks is less than 10 seconds per transaction. Unfortunately, this is a colossal feat that many payment providers have not achieved.

While Stellar, before the new updates, was very much like XRP, a few differences still exist between the two networks. One such difference is the accessibility of both networks to users. Stellar is an open-source platform and is available to anyone in public for assessment. On the other hand, XRP does not operate that way, as it requires permission to access it. The operational structure of Ripple was designed for banks and financial platforms to use. This is why the network is not open to all.

Secondly, XRP is a deflationary cryptocurrency whose purchase power will increase due to future scarcity. This is because the network burns transaction fees made in its ecosystem. However, Stellar is an inflationary cryptocurrency with an annual inflation rate of 1%. Typically, inflationary systems allow token holders to receive a decent value for the currency as inflation rises. Also, at the point of release, 90% of the total supply of XLM was distributed to the public. However, that differs from XRP, whose founders currently own 50% of the total token supply. This means that while the public controls XLM, XRP founders control the protocol.

Lumens is the cryptocurrency and native token of the Stellar blockchain. It is a token that serves as a bridge across multiple borders. This is why it is cheap to use in trading digital assets and fiat currencies. XLM is also used for staking, standing alone as the payment method for all services the ecosystem provides. When it began trading in 2015, 100 billion tokens were first available for trading. Unfortunately, after several upgrades and system changes, its total supply is 50 billion tokens. Also, the 2019 burning of half the total token supply by its founders means they now control only 30 billion XLMs. That move resulted in a scarcity of the token, creating a short-term rise in its price.

Unfortunately, the price rally did not last long enough, as prices fell shortly. The founders believe the project can perform its objectives without so much of the token in circulation. The circulating supply of XLM is currently 20.7 billion tokens. Also, the project presently reserves a portion of this total supply for marketing and development. Alternatively, 30% of it is also for investments, particularly in other blockchains. The token is available for purchase on many exchanges, including Binance, Coinbase, Kraken, Upbit, and Huobi.

Since March 13, 2019, XLM has been available for purchase and trading on Coinbase. However, listed below are the five steps to buying the token on Coinbase;

Signing up on Coinbase is the first for new users. You will have to download the Coinbase app or use the exchange's website. This process is usually seamless and complete after supplying a few KYC details. You will also need to verify the information you provided. It is worth noting that only verified accounts will have access to the Coinbase trading platform. However, existing users will only need to log in to their accounts.

After creating an account or logging in, you will need to fund your Coinbase account. This will enable the purchase of XLM to be very seamless. Funding is straightforward, and with either a bank transfer or any compatible debit/credit card, your account now has funds.

After funding, you can then purchase your XLM tokens. Click on trade, select XLM from the search bar items, and enter the amount you want to buy. You will then review and confirm the amount and proceed to make payments for it.

In a Guardian News editorial recently released, the analyst predicted XRP and XLM to do a 10X this year. This prediction, especially for XRP, is because its lawsuit with the U.S SEC looks to be almost over. Since December 2020, Ripple Labs has been in a case with the U.S Securities & Exchanges Commission (SEC). The SEC claims the company sold shares as securities many years ago. This has resulted in the price of XRP suffering since then. However, if Ripple put that lawsuit behind them, crypto analysts expect XRP prices to soar.

On the other hand, XLM remains a high utility token solving cross-border payments. That status quo will not change this year, as crypto analysts expect the token's value to rise. In comparison, XLM's ROI is 6920%, as it ranks as the 31st performing token in the market, according to CoinMarketCap. Alternatively, XRP's ROI is 13006.05% and currently ranks as the 7th performing token in the market. In terms of demand and dominance, a factor that could contribute to individual price rally, XRP leads presently. XRP's $2.3 billion 24-hour trading volume is superior compared to XLM's $358 million.

Despite a drop in value, at writing, XRP trades at $0.78, while XLM trades around $0.209. DigitalCoinPrice believes XRP will surpass the $1 mark before June 2022. The crypto analysts also believe the token will hit $3 by the end of the year. However, WalletInvestor thinks it will take the token five years to hit $3, despite boasting a 63.5% annual ROI. WalletInvestor thinks XRP will not hit $2 by December 2022, as they believe it will surpass the $1 mark. For XLM, DigitalCoinPrice predicts that the token XRP will not hit the $1 mark by December 2022. The analysts believe it will take at least 4years for it to hit that mark.

Founded in 2014 by SDF, Stellar is an open-source network that allows users to enjoy access to the global financial system. It was a fork of Ripple (XRP) and, until recent updates, operates almost as the Blockchain payment company. Its native and utility token is Lumen (XLM). XLM is available for purchase on many exchanges, including Binance, Coinbase, and Kraken. XRP and XLM are compared side by side, but XRP is larger than XLM. Crypto analysts believe that both tokens will profit investors this year, especially as the Ripples lawsuit is almost behind them.

Stellar price was bound for a heavy correction of around 60% in the next few months. So far, XLM price looks like it is following this exact trajectory lower. On one hand, the entire crypto market is adjusting lower like Bitcoin and Ethereum. On the other hand, the trading volumes across all exchanges are at their lowest. In today's article, we will explain the Stellar price could continue in the next few days/weeks so that you can benefit or limit your losses.

Stellar price broke the $0.2070 resistance today. However, the resistance has not yet been confirmed as the price has not yet closed the day above the resistance. Since today's volume on the Stellar price is relatively high, we already expect a confirmed break of the resistance in the future. If this happens in such a way that the price has a daily close above resistance, we would be bullish.

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If the Stellar price breaks the resistance, we assume that we will target the next resistance. This is around $0.23 and would record a price gain of around 10%. After the price breaks the resistance, the price might drop again to $0.2070. That would be the target of the next correction. Don't forget the parent chart, though. In this we remain bearish and could reach the target price of around $0.09.

For now, the entire crypto market is adjusting lower. It is very normal to see XLM prices retrace a bit lower than the $0.20 price to follow the crypto market's bearish trend. On the other hand, if the coming week turns bullish and the buying power comes back to crypto exchanges, XLM price should definitely go back higher and reach the price of $0.22.

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Over the last few years, one cryptocurrency that has been on the lips of all and sundry in the crypto market has been Bitcoin. Even though it has been around for a longer time, it took the market by storm in late 2020. However, a few other tokens in the market have enjoyed wide acceptance due to their price moves. One such token is Stellar Lumens, which has also witnessed massive success since its inception. As far back as 2017, the token's value grew exponentially high, putting itself against Bitcoin. Although it has nothing on Bitcoin, traders hoping to diversify their holdings can look to the digital asset. In this article, we will be looking into every detail you need to know about Stellar crypto and its token Lumen.

Stellar developers designed the system to be open-sourced, sharing many similarities with that of Ripple. Notably, Jed McCaleb, a former founder at Ripple, floated the system. One of its core similarities with Ripple is its connection of diverse financial institutions to effect cross-border payments. With this, Stellar reduces the time and cost of making transactions internationally. It also provides a secure and safe framework for all this to work. Stellar thrives on its Consensus protocol which came to like after a fork in 2014. Stellar thrives in a developing market where it provides services ranging from making remittances to loan distribution in a financial institution, among others.

Stellar mirrors the modus operandi of most decentralized systems in the market but with a slight twist. It houses its decentralized servers under a network using a distributed ledger technology updated every five seconds. The key difference between how Stellar and Bitcoin work is the consensus protocol. Unlike Bitcoin, Stellar does not need permission from the entire network to approve a transaction. To actualize this, it uses the ever-fast Federated Byzantine Agreement algorithm. The BFA algorithm enables the system to approve transactions through one network portion. A node needs a group of other nodes to validate transactions before they are approved in the approval process. With this, Stellar can carry out more than 1,000 transactions every second.

Stellar is the system that enables money transactions digitally. However, it has the native currency that it thrives on, which is Lumens. Lumens are the native token on the Stellar network and are used to carry out different transactions. Stellar has a system that automatically converts money sent into the system to Lumens before being converted to any other token. For example, if a cross-border transaction happened between someone in America and Japan. Stellar will first convert the funds from the sender into Lumens before converting them to the receiver's currency. With this system in place, Stellar has thrived as one of the top payment companies.

The entire crypto market is just coming off the back of a massive price retreat that has forced it on a decline. Lumens is also no exception, as the token dipped massively over the recent weeks. However, it looks like fortune is set to smile in the coming days as it is presently up by 0.34% in the last 24 hours while selling for $0.203. Presently, the token has a trading volume of $184,748,531 and ranks #30 on CoinMarketCap. Lumens also boasts a market cap of $5,052,944,553 with a current supply of 24,835,904,986 XLM tokens. As it stands, the total amount of XLM tokens that will be in circulation is 50,001,806,812 XLM.

Knowing about XLM and the many opportunities it holding it provides is one thing, getting it into your portfolio is another thing. Diversifying a crypto portfolio has worked for so many established traders. Now, what coin would be better to diversify with, if not Lumens? Below are the few steps you need to undertake to purchase XLM. For the sake of this tutorial, we will be focusing more on Binance. Below are the steps:

This is the first step in a long list of required steps to purchase XLM on the Binance crypto exchange. In this step, you are required to submit every detail at the point of registration to become a member of the exchange. You will be required to enter your name, phone number, email, and other vital details where there is a need. After that, click on the register button, and you will be onboarded to the crypto exchange. However, note that the order of things may vary across different locations. If you already have a Binance account, you don't need to register. You should follow this piece for the next steps.

Once you're done submitting your details and registering your account, you will need to verify your information. This ensures that they are onboarding the owner of the information you submitted during registration. You will be required to submit documents as proof of your name, address, and country. Binance also mandates you to set up two-factor authentication settings in the face of any attempted hack or scams. Lastly, you will be open to a higher daily transaction limit for each verification completed.

This is the next step required after completing your verification. You will be required to send funds into your account. Binance allows traders to deposit the fiat equivalent of the time they intend to purchase. The crypto exchange supports dollars, euro, yen, among other top currencies. You can deposit through bank transfers or wire transfers, depending on location. In some locations, traders can only deposit funds using peer-to-peer methods. Also, Binance allows users to deposit other tokens such as Bitcoin and Ethereum and exchange them for other digital assets such as XLM. Notably, you must wait for your deposit to be confirmed before going ahead with the next step.

After you have deposited your fiat equivalent of the token you want to purchase, creating your order is next. In this step, you will be required to click on the XLM token and hit the purchase button. After this, you will need to create an order of the number of tokens you want to purchase. Once the token price is within your order limit, it will automatically buy the token. Although this step looks very tedious, it is easily understandable. After this step, most people prefer to keep their XLM in non-custodial wallets. This means that they prefer to keep their tokens off the centralized exchange. With this, they would have a measure of control over their tokens.

Stellar has been known to involve small companies with potential in the financial space over the last few years. With its partnership with these firms, there has been an uptick in XLM demand in the last few years. This has propelled Stellar's growth in the market since its inception. One of the powerful propellants of the token's price was the firm's partnership with TransferTo. As far back as 2018, there was an agreement between the two firms to leverage the Stellar crypto system to provide access to cross-border payments service to over 70 countries worldwide. Other partnerships include the one with IBM, which showed that the firm has so much to prove in the financial scene.

With the way the market is shaping, the financial sector could witness a massive change, and Stellar would be one of the integral elements of the change. This will also mean that the token price would also soar higher than it currently sells for. However, this does not automatically mean that Lumens will go over the top as most digital assets have technical details controlling their rise and fall. This means that buying Stellar should not be to get rich in the next one or two years. Buying Stellar should mean that traders believe in the future and are investing early. Also, one must look at the risks and challenges that the coin pose before going fully into the asset.

XLM has been seen as one of the most promising tokens in the digital asset market in the last few years. This is judged by the use case of the token. Although it has a rival in Ripple, it provides more to the user than Ripple does. Also, traders that intend to buy Lumens should not go full-on to purchase XLM with all the money in their accounts. It is good to diversify as it brings stability to a portfolio. This is because if a token is bleeding heavily in the market, another might be having the best moment at the same time. Finally, digital assets are volatile, so traders need to carry out a degree of research into tokens they want to purchase.