Stellar is a decentralised network that allows users to generate, send, and trade various cryptocurrencies. It was founded in 2014 and debuted in 2015 with the goal of connecting the world's financial systems into a single network.

Stellar, like other blockchain-based decentralised platforms and exchanges, is distributed over numerous servers. This means that the behaviour on Stellar is not supervised by a single entity.

Jed McCaleb the XLM foundar quit Ripple (XRP) crypto, a platform he build, in 2014 to start Stellar, a new money system. Stellar was founded by McCaleb and former lawyer Joyce Kim as a platform for average users. Stripe's CEO combined with McCaleb the XRP foundar and Kim to form the Stellar (XLM) Development Foundation shortly after.

Foundar of XLM

Stellar has seen a lot of growth, such as when Mercado Bitcoin announced that it would be using the platform. Stellar has approximately 3 million user accounts in less than a year. Since then, Stellar has grown its partner network to include Flutterwave and Moneygram.

Although the Stellar network accepts all forms of money and crypto assets, it does have its own digital currency, known as Lumens or XLM. On Stellar, XLM is most commonly used to pay transaction fees. However, XLM or lumens serve as an intermediary currency, allowing Stellar users to easily execute trades.

Source

Money supplied through Stellar is automatically converted to Lumens and then to the selected coin using a built-in mechanism. If you send a payment in US dollars to a receiver in Pakistan, Stellar transforms it to Lumens, which the recipient can receive in PKR. The full conversion takes mere seconds, making it simple to send and receive money from anywhere on the planet.

• EXCHANGES

Stellar (XLM) is traded on bithumb, Binance, Coinbase, Bittrex, Crypto.com, poloniex, FTX, Bithumb, Just swap, Huobi Global, FTX US, Kucoin, Gate.io, MEXC, Shushi swap, OkEX, Wazirx, bybit, bitfinex, Kraken, bitFlyer and many other major cryptocurrency exchanges.

The screenshots above show the top 30 crypto major exchanges that list the XLM or Lumens cryptocurrency.

• Coinmarketcap Details

The Stellar Price is $0.2367 dollors, according to Coinmarketcap. It had a 24-hour price change of $0.006252 dollors. $0.2296 /$0.2374 dollors is the 24 hour low / high. It has a 24-hour trading volume of $391,283,042.93 dollors. It has a 0.27 percent Market Dominance and a Market Rank of 30.

Its market capitalization is $5,857,492,566.84 dollars. Its all-time high was $0.9381 (4 years ago). Its all-time low is $0.001227 (7 years ago). The stellar return on investment is 7866.56 percent. There are 24,708,879,078 XLM in circulation. There are 50,001,787,998 XLM tokens in total supply, with a maximum supply of 50,001,806,812 XLM tokens.

Why are you optimistic about this token today, and how long do you think it can rise?

This XLM crypto coin performed very well at the time of its starting, and it left behind of all other major crypto coins in its progress. However, it did not perform well after that.

While the other coins performed admirably and continue to set new all-time highs, the XLM coin's all-time high is 0.93 cents, which it set four years ago, and it has failed to set a new all-time high in 4 years. how bad performance that is.

Because of this, I'm not really optimistic about it. Aside from that, it's a good project. Finally, if we examine how long it may rise, I believe that it will touch 1 dollor at the end of the this year if bitcoin reaches $1,00,000 dollors and crypto market is in a bullish trend.

How to analyze the token? (using the analysis knowledge learned from professors’ courses) - the most important part and Do you intend to keep it for a long time or when to sell it?

For my today technical analysis I draw support and resistance level on the Stellar/USDT chart for better understanding. After that I choose the RSI and Parabolic SAR indicator on the chart.

The First indicator that i use is RSI that tells us market trend according to its value. If its value move from 30 to 70 then it is a buy time for us and if its value move from 70 to 30 then it is a sell time for us.

The second indicator is Parabolic SAR. It consists of small dots. If the dots are above the market price then it is a sell time for us and if the dots are below the market price then it is a buy time for us.

So, we can see from the above chart of Stellar/USDT that the RSI is below 70, indicating a buy signal from the RSI indicator. Then I look at the parabolic SAR indicator. The dots of the parabolic SAR indicator are also below the market price, indicating that now is the time to buy this coin. So, after checking both signs, I decide to invest in Stellar Coin at the current price of 0.2382 dollors.

The screenshots above demonstrate the proof of my transaction.

After a while, I sell my XLM coin at the price of 0.2396 with a profit of 18 cents. Which is equal to 30 to 35 pakistani rupees that are enough for me. You can see the prove of my sell transactions in the images above. At last, i have no plan to hold them for a long term. It is best for short term.

Do you recommend everyone to buy? and the reasons for recommending/not recommending.

I will recommend this coin to everyone for short-term trading or profit because the market is now trending positively. In terms of long-term investment, however, I would never advise somebody to engage in a long-term trading. Furthermore, because I am not an investing counsellor, one must conduct thorough technical research before entering a high-risk market.

Anything other users want to share about the token/project.

Stellar is a interesting crypto project that is gaining a lot of traction in the cryptosphere. While it faces tough competition, it has a diverse set of applications and a number of extraordinary characteristics.

Although Stellar is not a totally decentralised initiative, it has shown tremendous potential in accelerating the adoption of blockchain technology and is already being adopted by a number of well-known worldwide organisations.

Stellar's advantages, such as token issuance and the forthcoming Lighting Network implementation, put it in a great position to expand and maybe dethrone Ripple as the preferred token for traditional financial infrastructure.

Some photos designed by me on Canva and Picsart apps. Remaining other Unsourced Screenshots taken from Tradingview and Coinmarketcap website and the grammer check from grammarly.