Is it a good time to buy stellar coin? There is a big tendency to buy the stellar coin during 2021 and 2022, as many see the possibility of an increase in its price by 35% on average during the coming periods.

The rise began with this currency from the beginning of the year 2021 until the beginning of May of the same year, the Stellar currency known as the symbol (XLM) managed to grow by 239% fantastically, and this was as a result of the impact of Covid-19. Below.

Your Excellency: Here is the table of content for this article:
How to Buy Stellar Coin (XLM)
What is a stellar coin?
What is the difference between Stellar and Bitcoin?
Who invented the Stellar coin?
How many XLM coins are in the market today?
What are the pros and cons of Stellar currency?
What are the factors that affect the price of stellar coin today?
How to Buy Stellar Coin (XLM)
If you do not have Stellar currency (XLM) yet, here are simple and easy steps to open an investment portfolio to trade cryptocurrency now.

1. Is it a good time to buy stellar coin?

Create a trading account from one of the most popular cryptocurrency exchanges.
Open the platform and search for “XLM”.
Charge your account.
Choose the number of Stellar coins you want to invest in.
Click on “Purchase”.
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What is a stellar coin?
You may hear of it stellar or (Stellar Lumen), which is a cryptocurrency based on blockchain technologies, known within the digital exchange with the symbol (XLM).

It works similarly to the Ripple currency as a technology and infrastructure that processes open-source financial payments, and provides its services to banks, institutions and individuals.

STELLER COIN LOGO
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What is the difference between Stellar and Bitcoin?
Investing in Stellar is clearly different from Bitcoin and similar currencies – Litecoin, for example – in terms of the protocol it depends on. Validity of transactions.

Who invented the Stellar coin?
If you are enchanted by the digital currency of Ripple, then buy XLM, because behind them is the entrepreneur, Jed McCaleb, who was able to obtain funding for it from major companies such as Google, BlackRock and FastForward. It was launched on the 4th of September 2014.

2. Is it a good time to buy stellar coin?

How many XLM coins are in the market today?
Today, there are 22.648 billion cryptocurrencies in the market, with a total of 50 billion coins to be released in the coming years.

What are the pros and cons of Stellar currency?
Before buying a stellar coin, you should review the following pros and cons of this coin:

✽ Pros of investing in XLM
The acceptable and relatively cheap cost when compared to Stellar with other currencies.
Ease of currency exchange and trading
Decentralized currencies enhance dependence on Stellar.
Access to currency anywhere in the world.
Stellar has a high processing speed, which increases its effectiveness in the field of blockchain technologies and the cryptocurrency world.
✽ Cons of buying stellar coin
There are no mining rewards.
It directs the company to focus on growing its network ignoring coin development (XLM).
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What are the factors that affect the price of stellar coin today?
Whether you are thinking how to buy stellar currency for trading or for investment, you should know the factors that push the currency to rise and whose decline leads to a decrease in the price of the currency, namely:

The first factor is the social impact
The organization behind the Stellar currency is non-profit and does not offer any rewards for mining it, especially since the organization’s explicit goals are aimed at financial justice and support for the poor. IBM Corporation.

3. Is it a good time to buy stellar coin?

The second factor: the status and locations of competing cryptocurrencies
It is known that the bitcoin is the queen of the market today, and any currency that tried to compete with it for the position it occupies lost, in general the currencies that are related to bitcoin rise with it and decline with its decline, and thus the direction of the market driven by bitcoin directly affects how to buy stellar currency.

The third factor: their adoption by financial companies
It can be said that Stellar works similar to PayPal and has perfect features that make it suitable for exchanging small amounts of money, and the greater the demand for adoption and purchase of stellar currency, the higher its price and vice versa.

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