$0.42887 5.91%
XLM · 2w

What determines the value of a Lumen (XLM)?

Big Stellar fan here—love the mission and bought in early. But as the price fluctuates, I realize that I don’t necessarily understand what’s behind the fluctuations. Can anyone please explain to me how the price of a Lumen (XLM) is determined? Specifically, what makes the price go up, down, or otherwise fluctuate? What factors are incorporated into the price calculation? Does increased trading volume always increase the value of a Lumen? If so, wouldn’t this make the cost of such a transaction pricier? If it does, wouldn’t less people use the network due to the cost? Do any mint/burn mechanisms alleviate these future growth costs? Is there anything else to consider? A literal formula would be appreciated, but any info would be great! I’d love to learn more! Any links/videos/explanations or other info are greatly appreciated. Thank you!
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