The importance of Stellar (XLM) in the volume of trade and market dynamics
In the accelerated world of cryptocurrency, market fluctuations can have a significant impact on prices and negotiation volume. One of those cryptocurrencies that has attracted attention in recent years is Stellar (XLM). As the second largest cryptocurrency for market capitalization after Bitcoin, Stellar plays a crucial role in the configuration of market dynamics and influencing commercial activity. In this article, we will deepen the importance of the stellar in the commercial volume and the dynamics of the market.
What is star?
Stellar is a decentralized and open -source public blockchain platform that allows fast, cheap and safe transactions between users worldwide. It was founded in 2014 by Jed McCaleb and Joe Lerner, and was launched on May 22, 2015. The platform allows the creation of a wide range of digital assets, including cryptocurrencies, stables and payment systems.
Market dynamics
Stellar market dynamics have been significant taxpayers to its growth and development. As one of the main cryptocurrency platforms in terms of negotiation volume, Stellar has become a reference point for the entire industry. According to Coinmarketcap data, which tracks cryptocurrency prices and market capitalization, Stellar currently occupies third place behind Bitcoin and Ethereum.
The increase in stellar can be attributed to several factors:
- Quick transaction processing : Stellar blockchain technology allows fast and safe transactions, with average transaction times ranging from 2 to 10 seconds.
- Low rates
: compared to other important cryptocurrencies such as Ethereum, Stellar transaction rates are significantly lower, which makes it an attractive option for users who want to perform frequent operations.
- Wide acceptance : Stellar has obtained generalized adoption in several industries, including finance, supply chain management and online payment systems.
Commercial volume
Stellar’s commercial volume is another critical factor to determine its market dynamics. The liquidity of the platform is a testimony of its growing popularity and the confidence of investors in their future perspectives. According to Coinmarketcap data, Stellar’s commercial volume has constantly increased over the years, with an average daily increase of 10-20%.
The following graph illustrates the growing commercial volume of stellar in the last five years:
As seen above, Stellar’s commercial volume has increased constantly since its inception in 2015. This upward trend is indicative of the growing adoption and interest in the platform.
Mercado feeling
The feeling of the Stellar market is another crucial factor that influences its price movements. According to Coingcko data, a leading cryptocurrency data website, Stellar’s feelings indicator has been in a positive trend in recent years.
The feeling indicator measures the opinions generated by the user about a particular cryptocurrency based on conversations on social networks, online forums and other sources of information. The following graph illustrates the trend in Stellar’s feeling indicator:
As seen above, Stellar’s feelings indicator has been consistently positive since 2017, indicating generalized confidence and optimism about the future perspectives of the platform.
Conclusion
In conclusion, Stellar (XLM) plays a vital role in the configuration of market dynamics and influencing commercial activity. His rapid transaction processing, low rates and his wide acceptance have made him an attractive option for users around the world. As one of the main cryptocurrency platforms in terms of negotiation volume, Stellar continues to grow and develop, with his feeling of the market that indicates great confidence and optimism about his future prospects.
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