Yahoo Crypto Market • October 8th 2026, 11:00 AM
Can Stellar Reach $1 After Sharing XRP’s Label?
Key Summary
Stellar's recent CFTC classification as a digital commodity alongside XRP has sparked hopes for a price surge, but a 400% rally is needed to reach $1, and its market cap is still a long way from $35 billion. The coin's practical use cases, such as payroll processing, are limited by the use of stablecoins like USDC, and its lack of a comparable structure to XRP's US spot ETFs further hinders its market appeal.
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Market Value and Market Cap
Stellar's market cap is calculated by multiplying the coin's current price by the total number of coins in circulation. Currently, Stellar's market cap is nearly $7 billion, with about 35 billion XLM in circulation. If XLM were to reach $1, that would mean a market cap of about $35 billion, five times its current value.Challenges in Reaching $1
The Stellar Development Foundation has also influenced these numbers. After burning 55 billion XLM in November 2019, they capped the total supply at 50 billion. However, the foundation continues to release coins into circulation, suggesting that if all 50 billion XLM ultimately came to market, a $1 price would mean a network value of $50 billion.Price History and Market Conditions
The coin reached an all-time high of $0.88 back in January 2018, meaning it would need to rise over 340% just to get back to that peak—and $1 is even higher. In proposed rules reported on October 5, the CFTC recognized Stellar as a digital commodity alongside XRP, Bitcoin, Ethereum, Solana, and Tezos.Practical Use Cases and Market Appeal
Stellar does have practical use cases. For instance, Zebec, a payroll company, uses Stellar to process payroll, and as of September 10, it partnered with MoneyGram to let workers cash out their wages at locations in over 170 countries. However, these payments are made in USDC, a stablecoin, instead of XLM. While each transaction incurs a small XLM fee, this doesn’t necessarily create significant demand for XLM, since there’s no clear indication of how much payroll is being processed on the Stellar network.#Bitcoin#US#Crypto#SEC