Stellar (XLM) is valued at $0.357749 per token at the moment, which shows that it’s down by 2.15% in the last 24 hours. The exciting thing about this is that Stellar (XLM) spiked yesterday and traded at a 10% premium price, which still quite in low in comparison with the $0.86 price tag that it hit on January 4th.
Nonetheless, Stellar (XLM)’s total market cap is valued at more than $6.5 billion which makes Stellar (XLM) one of the biggest cryptocurrencies in the world.
Stellar (XLM) Supply vs Circulating
The total supply of Stellar (XLM) is valued at over 103 billion tokens. However, the total circulating supply of tokens in only 18.5 billions. This means only 17% of available XLM tokens are being traded right now. While this might not mean anything to beginner investors, it actually shows there’s huge potential for Stellar (XLM).
Ripple Supply and Price Analysis
Let’s compare Stellar (XLM) with Ripple so that we can put things into perspective. Ripple has a total supply of nearly 100 billion XRP tokens and the circulating supply is close to 40 billion. This means that 39% of XRP tokens are being traded daily.
Considering that more than double XRP tokens being traded in comparison with XLM, one would expect Ripple’s to also be double of Stellar (XLM). Well, the price is a tad higher than expected since the XRP token is priced at $0.796665.
Stellar (XLM)’s Full Potential
Ripple’s XRP token was being traded at more than $3.50 when it reached its all-time high value. This is more than 350% increase from what it’s valued right now. On the other hand, Stellar (XLM) was traded at $0.80 when it hit its peak, only 122% increase. This leads us to believe that Stellar (XLM) will be treaded at around $1.70 with a 350% premium on current prices.
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