Browse our live XLM/BTC chart to spot the best trading opportunities.
The XLM/BTC pair matches up Lumens, the native currency unit of the Stellar network, with Bitcoin, the world’s most popular and widely accepted digital coin. This crypto pairing represents how many BTC (the quote currency) are needed to buy one XLM (the base currency).
Launched in July 2014, Stellar is a global financial platform based on distributed ledger technology. It is a protocol created to help build a decentralised global financial system, connecting banks, payments systems and people, to move money quickly, reliably and at almost no cost. The Stellar network has been used by many prominent businesses, including IBM (IBM), Deloitte, KlickEx, Tempo, and Stripe. Stellar is the key competitor of Ripple (XRP), as both projects are seeking to use cryptocurrency to enable cheaper and quicker digital ledgers as an enterprise solution.
The platform’s native cryptocurrency Lumens is regarded as the fuel operating the engine of the Stellar network. The currency’s original name was Stellar but it was later changed to Lumens to avoid confusion between the cryptocurrency and the network. However, the coin is still often referred to as Stellar.
At the other end of the pair is Bitcoin, the globe’s top cryptocurrency in terms of market capitalisation and cost. When it was first launched at the BitcoinMarket.com exchange in 2010, the coin’s starting price was $0.0025. Shortly after, the BTC price soared dramatically, generating more than a thousand per cent earnings to its initial owners.
Proven to be a lucrative investment, Bitcoin cemented its position as the gold standard for emerging cryptos. Despite the development of many rivals, the coin boasts a crypto market share of more than 60 per cent.
With Capital.com’s comprehensive Stellar to BTC chart, you can quickly view the latest developments in the XLM/BTC rate and trace the pair’s performance in historic terms.
As the cryptocurrency is not tied to any particular country or region, domestic and geopolitical factors can have less of an impact on the value of the Stellar to Bitcoin pair. Instead, you should keep an eye on the coins’ demand, adoption rates, regulations and market sentiment.
Meanwhile, outside factors such as institutional investors, who process large-volume transactions, can also influence prices of XLM and BTC, determining fluctuations in the pair’s rate.
Due to the extremely volatile nature of the crypto market, the Stellar/Bitcoin pairing offers huge potential for speculation. The popularity of Stellar to BTC transactions is continuously growing, providing immense opportunities for traders to profit from the rate swings.
Traders can try to profit from the fluctuations in the Stellar/Bitcoin value by taking long or short positions on this crypto pair using Capital.com’s proprietary trading platform that features a real-time XLM to BTC chart and charges zero per cent commission on trades.