XLM shows significant growth

XLM shows significant growth

November 5, 2019 by cryptorolling.com
The price of Stellar has risen rapidly by 25% after the elimination of half of the total coin supply.

The cryptocurrency project, founded by the former Ripple CEO, burned more than 50% of XLM tokens by sending them to an address without the owner. As a result, Stellar’s overall offer has been reduced to 50 billion tokens.

In their blog, Stellar Development Fund (SDF) staff reported that they destroyed most of the tokens that were stored in airdrops and affiliate programs.

According to SDF representatives, tokens will no longer be destroyed in the network, as the current proposal is the same as planned in the project roadmap.

According to today’s prediction, after destroying the tokens the buyers managed to break through the psychological support of $0.080 and set the maximum at $0.088. At the moment of writing the article, the asset is traded just above $0.080.

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