What is the issuance price of xlm coins?
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- 2024-05-09 09:38:02471browse
The XLM coin was issued in July 2014 at $0.0001. Its initial supply is 100 billion, of which 50% is allocated to the Stellar Development Foundation, 40% is allocated to investors, and 10% is reserved for operating reserves. The price of XLM coins has fluctuated significantly since its issuance, affected by the development of the Stellar blockchain, cryptocurrency industry sentiment, and macroeconomic factors.
XLM coin issuance price
XLM, the native token of Stellar Lumens, was first issued in July 2014 at a price of $0.0001.
Issuance details
The initial issuance of XLM coins is 100 billion, of which 50% is allocated to the Stellar Development Foundation, 40% is allocated to investors, and 10% is reserved for operating reserves.
price fluncuation
Since its issuance, the price of XLM coin has experienced significant fluctuations. During the 2018 bull market, its price soared to $0.93, a record high. However, the price has since dropped significantly and was hovering around $0.09 in January 2023.
Influencing factors
The price of XLM coin is affected by a variety of factors, including:
- Stellar Blockchain Development and Adoption
- Overall Market Sentiment in the Cryptocurrency Industry
- Performance of Competitor Coins
- Macroeconomic Factors
Future Outlook
The future price of XLM coin depends on the success of the Stellar blockchain and the overall trend of the cryptocurrency market. If Stellar can continue to develop and gain wider adoption, the price of XLM coin is likely to rise. However, if the cryptocurrency market enters a bear market, the price of XLM coin may also continue to fall.
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