Trade Stellar to US Dollar - XLM/USD CFD

Browse our live XLM to USD chart to spot the best trading opportunities.

The XLM/USD pair matches Stellar Lumen, a rapidly developing cryptocurrency that is backed by some major tech and business players, with the US dollar, the globe’s most influential fiat currency. The pairing represents how many USD (the quote currency) are needed to buy one XLM (the base currency). 

Launched in 2014, Stellar is a distributed hybrid blockchain platform designed to facilitate the transfer of funds quickly and securely, anywhere in the world, with a transaction cost of less than a penny. The project’s main intention is to become the globe’s digital payment rail by connecting people, banks and payment systems, while narrowing the gap between the crypto and the traditional financial worlds. Some of the big names that are working with Stellar include IBM (IBM), Deloitte and Stripe.

Lumen is the native cryptocurrency of the Stellar network. The coin is very versatile, known to be appropriate for various types of transactions. It can make payments almost instantly and process remittances without the issues of forex exchange.

With Capital.com’s XLM to dollar chart you can not only quickly view the current coin’s price, but also trace its value in historic terms.

After the platform’s launch, the price of the Stellar crypto fluctuated in a range of $0.002 – $0.003 for almost three years. The first significant hike happened in May 2017, when the coin came close to trading at $0.05. However, it then quickly fell back to $0.01.

In November 2017, the XLM coin gained its first strong upside momentum. Driven by the announcement of the IBM partnership and the addition of Stellar to the list of trading pairs on the OKEx exchange, Lumen received lots of investor attention, sending XLM to peak at $0.938 on January 4, 2018. The uptrend was short-lived, and the coin had lost most of its gains by March 2018, falling as low as $0.17. In May 2018, the XLM crypto climbed to $0.46 only to end the year at $0.114.

The coin started 2019 at $0.113, remaining mainly in the downtrend during the year and plunging to $0.046 in the last days of December. Only in May 2019, XLM jumped to $0.16 after Wirex, a UK-based payment platform, announced the launch of 26 stablecoins on Stellar’s blockchain for its two million users and 5,000 business clients.

The start of 2020 saw XLM hitting a low of $0.042, a price level not seen since late November 2017. The coin continued falling, eventually bottoming out at $0.028 in March. The trend reversal then followed, with XLM surging to trade at $0.118 by mid-August 2020.

You can keep an eye on the ups and downs of the Stellar to USD rate with Capital.com.

Several factors can influence the XLM/USD pair, including news about either of the currencies.

The dollar, while well-established, is directly affected by the US economic and political situation, news and events. If you are looking to speculate on XLM/USD, it is crucial to follow the latest updates from the US Federal Reserve, especially regarding interest rates and monetary policy.

As the cryptocurrency is not tied to any particular country, the geopolitical and economic factors have little to no bearing on the Stellar value. Instead, you should watch its adoption rates, demand, regulations and market sentiment.

Traders can try to benefit from the Stellar coin price swings by taking long or short positions on the  XLM/USD pair using Capital.com’s proprietary trading platform which features a real-time Stellar chart and charges a zero per cent commission on trades.