STELLAR price, news and Forecast (XLM US DOLLAR)
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Meme coin PEPE resists decline despite mass profit taking by whale
PEPE, an internet frog-meme inspired token, has seen a spike in profit-taking activity by traders. PEPE holders have consistently realized gains in the meme coin since April 30, as seen on on-chain activity tracker Santiment.
Solana is more profitable than Ethereum for the first time, Robinhood’s Europe arm launches SOL staking
Solana surpassed Ethereum in profitability for the first time ever. Robinhood’s European crypto arm launched Solana staking, offering nearly 5% yield per annum. SOL price added 2.25% on Wednesday.
XRP holds gains as attorneys debate relevance of discounts offered to Ripple’s institutional clients
Ripple (XRP) price consolidates in a tight range around $0.50 on Wednesday as the Securities and Exchange Commission (SEC) legal battle against payment-remittance firm Ripple intensifies with two key issues in focus this week.
Over a million new crypto tokens issued in three months, 90% on Base
The resurgence in meme coins in the past three months has resulted in over a million new tokens being issued in the crypto ecosystem. Data from crypto intelligence tracker Dune Analytics shows that 90% of the new coins in the Ethereum ecosystem are issued on Base.
Bitcoin: Why BTC is close to a bottom
Bitcoin (BTC) price efforts of a recovery this week have been countered by selling pressure during the onset of the American session. However, the downside potential appears to have been capped.
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WHAT IS STELLAR?
According to the Stellar Development Foundation, Stellar is an open-source network for currencies and payments. It’s native token, XLM, makes it possible to create, send and trade digital representations of all forms of money — dollars, pesos, Bitcoin, pretty much anything. It’s designed so all the world’s financial systems can work together on a single network. Learn more in our Stellar lumens Guide.
The software runs across a decentralized, open network and handles millions of transactions each day. Like Bitcoin and Ethereum, Stellar relies on blockchain to keep the network in sync, but the end-user experience is more like cash — Stellar is much faster, cheaper and more energy-efficient than typical blockchain-based systems.
Characteristics of Stellar
Stellar (XLM) was launched in July 2014 as a decentralized open-source protocol to allow performing crypto transfers to fiat and vice versa.
- Decentralized control, allowing anyone to participate without a central authority.
- Low latency, reaching an unanimous consensus in only a few seconds.
- Flexible trust, the user is free to trust any combination of parts.
- Asymptotic security, avoiding 51% of the attacks based on digital signatures and hash families.
Differences between Bitcoin and Stellar
Which are the main differences between XLM and BTC?
- XLM transactions are faster than BTC.
- Transaction fees are lower on the Stellar network.
- XLM's supply increases annually at a fixed interest rate of 1%.
- Stellar network allows users to transact freely in their choice either with fiat or cryptocurrency.
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