Stellar Lumens price doubles

The price of cryptocurrency Stellar Lumens rose more than 120% within past 7 days. Let's find out why
02 December 2017   1522

Stellar Lumens, a cryprocurrency of Stellar open-source network that lets users build low-cost financial products for their community, has shown a significant price jump increasing 119,55% during past 7 days.

Stellar Lumens charts decemner 2017Stellar Lumens Charts

The price rose from the mark of $0,04 on November 26 to the mark of $0,09 on December 2, while the market capitalisation of Stellar Lumens increased from $884 million to $1,7 billion.

The rise of the currency was preceeded by a series of significant events connected with Stellar Lumens currency and Stellar network. For instance, on November 22 the company announced that Ledger HQ Nano S support became available for Stellar Lumens.

At the moment of press, these are main market parameters of Stellar Lumens:

  • Average price: $0.09
  • Marketcap: $1 657 799 666 
  • 24h volume: $93 788 900

Blockchain to Airdrop $125M in Stellar

Wallet provider launches biggest airdrop in history
07 November 2018   197

The developers of Blockchain company are organizing the $ 125 million airdrop, largest in the history of cryptocurrencies. Together with Stellar, the company will present about half a billion XLM to Blockchain wallets users. It is reported by CoinDesk.

According to The Block,  the first batch of cryptocurrency will go to the wallets of users who leave applications on the site. For airdrop, 2.6% of all outstanding XLMs, or 0.47% of the total coin issue, are allocated.

In October, the Blockchain team announced that it plans to help cryptocurrency projects with airdrop campaigns for their users. XLM was the first cryptonome of the initiative.

According to Peter Smith, Blockchain's CEO, an “active and growing ecosystem” has formed around the XLM, and the Stellar network is “designed for large-scale use.” He added that this airdrop campaign aims to help users "test a reliable cryptoactive in a safe and easy way."