Stellar Weathers Crypto Market Storm, Jumps to New All-time Highs

Stellar's STR currency has weathered the mayhem gripping crypto markets in 2015, in fact proceeding to new record highs.

During the past week, it has been trading in the neighborhood of 2,200 to 2,400 satoshi ($0.0046-$0.0050), at one point nearly breaking 2,500.

Admittedly, practically all of its Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term-denominated gains can be attributed to bitcoin's USD-denominated losses. At its low last week, bitcoin had lost nearly 50% in 2015, roughly corresponding with STR's 50% gains.

We do see, however, that STR has at least held its ground in dollar terms during a period where many coins tend to amplify BTC losses. STR's market cap, while dropping slightly, has thus kept above $15 million and advanced to 6th highest among Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term. It is still a ways off from its $27 million peak from mid-December, when it enjoyed the luxuries of an advance past 2,400 satoshi plus a $300+ bitcoin price.

It has thus outperformed rival Ripple's XRP, which has also kept near record levels in bitcoin terms but has yet to exceed them in 2015.

STR volume traded, however, has been lackluster: The equivalent of only $29,000 has crossed hands during the past 24hours, the 14th highest among cryptocurrencies.