Stellar Lumens [XLM] joins KuCoin’s arsenal
Come Monday, Hong Kong-based cryptocurrency exchange Kucoin will start supporting Stellar Lumens [XLM]. The listing comes a day after popular exchange Coinbase started “exploring” the possibility of adding five coins, including Cardano (ADA), Stellar Lumens (XLM), Zcash (ZEC), Basic Attention Token (BAT), and 0x (ZRX).
According to an announcement post on KuCoin’s website, the trading will start at 21:30 (UTC +8) on Monday. It will trade in following pairs: XLM/BTC and XLM/ETH.
Dear KuCoin Users,
KuCoin is extremely proud to announce yet another great project coming to our trading platform.
Stellar (XLM) is now available on KuCoin.
Supported trading pairs include XLM/BTC , XLM/ ETH.
Currently one XLM is equal to 0.00003484 BTC. Stellar is gaining against USD by 1.48%. While Stellar has been gaining against Bitcoin it has been dipping against ETH by 0.77%. At the time of writing one XLM is equal to 0.000489 ETH.
According to CoinMarketCap.com, here’s the Overview:
Network – Stellar
Currency – Stellar Lumens [XLM]
Founded – 2014
Mission – Stellar aims to be a platform that connects banks, people and payment systems. It aims to integrate all these to facilitate the transfer of money quickly, reliably and at zero cost.
- It cannot be mined
Highlights and the Salient Features of Stellar
It can handle over 2000 transactions per second
The transaction time is around 3-5 seconds
Next to zero transaction costs
Can be used to send or trade any other cryptocurrency or fiat currency
Works on the Stellar Consensus Protocol instead of the PoW (Proof-of-Work)
Uses smart contracts and multi-signatures
Stellar price today
Stellar is currently trading at $0.230949 and is gaining against USD by 5.53%. The cryptocurrency is exhibiting a stable uptrend and is displaying breakouts at all major resistance levels. The 100 EMA line is exhibiting an uptrend and the MACD can be traced in the bullish zone. The coin experienced a brief consolidation phase, before inching up further to hits its intraday high of $0.23.
The key support level can be found at $0.19.
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