XLM (Stellar) rose 1.89% in the last 24 hours.

Gate News Bot news, September 2nd, according to CoinMarketCap data, as of the time of writing, XLM (Stellar) is currently priced at $0.36, up 1.89% in the last 24 hours, with a high of $0.40 and a low of $0.34. The current market capitalization is approximately $11.187 billion, an increase of $207 million compared to yesterday.

Stellar is an open-source blockchain network used for various payment and remittance applications. The network supports a variety of use cases including smart contracts, DeFi, payments, and asset tokenization. The Stellar Development Foundation is a nonprofit organization dedicated to developing and promoting the Stellar network to bring about transformation in the global financial system.

Important news about XLM recently:

1️⃣ Stellar blockchain ecosystem receives significant investment Blockchain payment infrastructure company Kira has completed a $6.7 million seed round financing, with Stellar Blockchain as one of the investors. This investment highlights the ongoing expansion of the Stellar ecosystem and its support for innovative payment solutions.

2️⃣ Latin America Market Expansion Kira company is currently focused on the Latin American market, utilizing Stellar blockchain technology to provide fast, low-cost payment services. This strategic layout is expected to expand the application scenarios and user base of Stellar in emerging markets.

3️⃣ Enterprise-level application potential enhanced Kira supports large enterprises and startups in launching embedded financial products based on Stellar, which will help enhance the penetration of the Stellar network in enterprise-level applications, bringing more real use cases for XLM.

From a technical perspective, the price of XLM has shown a rise trend in the past 24 hours, reaching a high of $0.40, indicating some upward momentum. However, given the high volatility of the cryptocurrency market, investors should still closely monitor market changes.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.