Stellar Performance

Coin of the Week  – Stellar

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  • May 7, 2020
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7 May 2020.

Here’s our first coin of the week for May 2020! 

Stellar has underperformed BTC by -1.16% this week, while rising 3.06% against the USD. 

  • Volume of 10 Bitwise verified exchanges (last 24hrs): $19,280,990
  • Transaction Volume (Adjusted 7 day average): $14.80 Million
  • Active Addresses (7 day average): 55,748

What is Stellar?

Stellar is an open-source network for currencies and payment, using a blockchain-based platform to enable fast cross-border payments at negligible costs. Besides representing a decentralized international payments infrastructure, Stellar also serves as a decentralized distributed exchange.

The Stellar Development Foundation (SDF) is a non-profit organization founded in 2014 for the purposes of supporting the development and growth of the open-source Stellar network.

The SDF recently invested $5 Million in Abra. Abra is a global investment app open to over 150 countries and enables users to invest in a broad range of cryptocurrencies.

The investment aims to bring new products to the Stellar network.

Read the Kintaro Capital Stellar Report here

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