Following rocky launch, Stellar fairly stable

After a bit of a turbulent liftoff, Stellar (STR) trading has since held quite stable. Uncharacteristically stable for a cryptocurrency, although the 2nd generation coins have exhibited a neutralizing effect of late.

The cryptocurrency gained over 100% following launch, only to surrender nearly all of its gains within a week. Since then, it has treaded on the 450 satoshi mark, barely deviating by more than 5% in either direction. Finally, after trading near 425 satoshi a few hours ago, it jumped by roughly 14% to over 480- only to settle back at 440 satoshi ($0.0021).

Volume is still healthy- about $100,000 traded in the past 24h. It is traded against BTC on almost all its supported exchanges, including ANX. The exceptions are BTC38, where it's traded with CNY, and Crypto-Trade, against USD.

Stellar was created for the decentralized transfer of assets such as fiat currencies, much like Ripple , which was also co-founded by Jed McCaleb.

Stellar now sits 19th in market cap rank, with a total worth of $2.37 million.