HomeCryptoPrices and news of Stellar Lumens (XLM), Monero (XMR) and Avalanche (AVAX)...

Prices and news of Stellar Lumens (XLM), Monero (XMR) and Avalanche (AVAX) cryptos.

In this article, we will take a closer look at the prices and recent news regarding the Stellar Lumens, Monero and AVAX crypto, in order to provide an in-depth overview of these projects and the trends surrounding them.

Through this comparative analysis of Stellar Lumens, Monero and Avalanche, we will have the opportunity to better understand the trends surrounding these cryptocurrencies and their implications in the context of the blockchain ecosystem. 

We will examine the key factors that can influence their prices, the innovations that could shape their future, and how these cryptocurrencies differ from others in their space.

Stellar Lumens (XLM), Monero (XMR) and Avalanche (AVAX) cryptocurrency prices and market statistics

Let’s start with Stellar Lumens (XLM), which has seen a very negative trend over the past month. In the last 30 days, the token has lost 16.2%, bringing its price to USD 0.0885. 

In terms of market statistics, the market capitalisation dropped to $2.4 billion, with a 24-hour trading volume of $49 million. 

In terms of outstanding supply, it is very large indeed, with 26.8 billion XLM tokens tradable and an average holding period of 44 days. The token is ranked 18th among the most popular cryptos.

Monero’s month was perhaps the most stable of the three, with the XRM itself losing value, but only by 3.6%, bringing its price down to $154.6. 

Market cap fell to $2.8 billion, with daily trading volume set at $57.4 million. 

The supply of tokens in circulation remained similar at 18.3 million XRM. The all-time high of $517.6 remains a mirage.

Not good news for Avalanche either: the cryptocurrency has lost 16% over the past month, and is currently trading at $15.23.

Market statistics put the project’s capitalisation at $5.1 billion, with a daily trading volume of $227.8 million.

The outstanding supply is 331.5 million AVAX with an average holding period of 68 days. The Avalanche token is the 12th most popular in the crypto world. 

Let’s take a look at the news that could change the negative trend of the various cryptos mentioned. 

Stellar makes progress: blockchain’s impact on humanitarian aid

Stellar, the open-source blockchain platform, is gaining significant traction and making strides in various areas as it continues to expand its platform and explore new use cases in different ecosystems. 

Recently, Denelle Dixon, CEO and executive director of the Stellar Development Foundation, shed light on how blockchain technology intersects with the humanitarian aid sector in an in-depth blog post.

Humanitarian aid has traditionally faced many challenges, including transparency, accountability and efficiency in the distribution of resources. 

These obstacles often result in inefficiencies, delays and even potential misuse of funds. However, with the advent of blockchain technology, there is an opportunity to revolutionise the way humanitarian aid is managed and distributed.

In his blog post, Dixon highlighted several key areas where blockchain can have a transformative impact on humanitarian aid. One of the most significant benefits of blockchain technology is its ability to improve transparency and traceability.

By harnessing the immutable and decentralised nature of blockchain, actors in the humanitarian aid ecosystem can ensure that funds, resources and aid reach their intended recipients.

Blockchain provides a secure and tamper-proof record of transactions, allowing donors, humanitarian organisations and beneficiaries to track the flow of funds from source to destination. 

This transparency not only promotes accountability, but also builds trust between all parties involved. The ability to track transactions in real time allows stakeholders to identify and address any bottlenecks or problems that may arise, ensuring a more efficient and effective distribution process.

Stellar’s blockchain also offers the ability to tokenize assets, allowing physical and digital assets to be represented on the blockchain. This has immense potential in the context of humanitarian aid, enabling the tokenization of various assets such as food, medical supplies and even identity documents. 

Tokenization ensures the efficient management and tracking of these resources throughout the supply chain, reducing the risk of fraud and enabling real-time monitoring of inventory and distribution.

Dixon also stressed the importance of partnerships and collaboration in the humanitarian sector. Stellar has been actively forming alliances with organisations and initiatives focused on social impact and humanitarian aid. 

By harnessing the power of blockchain and collaborating with established industry players, Stellar aims to create an ecosystem that fosters innovation, efficiency and social impact.

Stellar’s commitment to advancing blockchain technology for humanitarian aid aligns with its broader mission of financial inclusion and empowerment. 

By leveraging the scalability, security and low transaction costs of the Stellar platform, the Foundation aims to democratise access to financial services and drive economic growth in underserved communities around the world.

With Denelle Dixon’s post shedding light on the intersection of blockchain and humanitarian aid, it’s clear that Stellar is committed to using its technology for social impact. 

As blockchain adoption continues to grow, we can expect to see more collaborations, innovative solutions, and transformative initiatives that harness the power of blockchain to create a more inclusive and equitable world. 

Stellar’s journey into the humanitarian sector is just the beginning of a broader revolution in how we approach and deliver aid to those in need.

Chainlink capabilities introduced in Avalanche’s Fuji Testnet

Smart contract development has just entered a new era of speed and efficiency on Avalanche’s blockchain ecosystem, thanks to the integration of Chainlink functions into Avalanche’s Fuji Testnet. 

This innovative collaboration between Chainlink and Avalanche opens up a world of possibilities for developers, allowing them to seamlessly combine Chainlink Functions with other high-quality Chainlink services to create powerful and reliable decentralised applications (dApps).

Avalanche developers now have the opportunity to take advantage of the immense power of Chainlink Functions, which offer a wide range of features designed to enhance the development process. 

With Chainlink Functions, smart contract developers can use pre-built logic and data processing capabilities directly in their contracts, saving time and effort.

One of the key benefits of Chainlink Functions is its incredible speed. By integrating Chainlink’s industry-leading Oracle technology, developers can take advantage of near-instantaneous data processing, ensuring that their dApps can respond quickly to real-world events and conditions.

This is particularly important for applications that require real-time data, such as decentralised financial platforms (DeFi), games and prediction markets.

Chainlink functions also integrate seamlessly with other popular Chainlink services, further extending the capabilities available to Avalanche developers. 

For example, developers can use Chainlink Data Feeds to access a wide range of high-quality, tamper-proof data from trusted sources. 

These data feeds can be critical for smart contracts that rely on accurate and up-to-date information, such as price feeds, weather data, sports scores and more.

In addition, Avalanche developers can use Chainlink’s Verifiable Random Function (VRF) to introduce provably fair randomness into their applications. This is critical for a variety of use cases, including gaming, lotteries and distributed applications that require unbiased results. 

Chainlink VRF ensures that the randomness generated within smart contracts is tamper-proof and verifiable, adding a level of trust and security to the system.

In addition, Chainlink Automation provides Avalanche developers with a powerful tool to automate specific tasks within their smart contracts. 

This includes scheduled execution of contract functions, conditional event triggering and integration with external APIs.

By combining Chainlink Automation with Chainlink Functions, developers can create dynamic and efficient smart contracts that respond to real-world events with minimal manual intervention.

In addition to these native Chainlink services, the integration of Chainlink Functions on Avalanche allows developers to connect their smart contracts to existing Web2 APIs. This means that developers can bridge the gap between traditional web applications and blockchain-based smart contracts, enabling seamless data integration and interoperability. 

By using Chainlink Functions, Avalanche developers can tap into a large pool of existing APIs, opening up a range of possibilities for integration with external systems and services.

The implementation of Chainlink Functions on Avalanche’s Fuji Testnet is a significant milestone for smart contract development. 

It not only speeds up the development process, but also improves the functionality and reliability of decentralised applications built on Avalanche’s blockchain ecosystem. 

Thanks to Chainlink’s powerful suite of services and the seamless integration of Chainlink functions, developers now have the tools they need to create robust, efficient and real-world ready dApps.

As the adoption of blockchain technology continues to grow, the collaboration between Chainlink and Avalanche sets a new standard for the rapid development of smart contracts.

By combining the speed and scalability of Avalanche with the proven capabilities of Chainlink, developers can unlock the full potential of decentralised applications that offer real-time data, secure randomness and automated functionality.

This integration marks the beginning of a new era in which smart contract development on Avalanche achieves unprecedented levels of efficiency, reliability and usability.