XLM re-enters top-10 coins by market cap after surging nearly 30%

Stellaire lumen (XLM) is now the ninth-largest cryptocurrency by market capitalization, overtaking Chainlink (KOPPELING) and Binance Coin (BNB), according to data from major crypto tracking website CoinGecko.

Op het moment van publicatie, Stellar’s market cap amounts to $6.6 miljard, while LINK and BNB’s market caps stand at $6.1 miljard en $5.8 miljard, respectievelijk.

Top-10 cryptocurrencies by market cap chart. Bron: CoinGecko

Stellar’s return to the top-10 list comes amid XLM’s recent parabolic surge of 80% over the past seven days, according to Cointelegraph’s Stellar price index. Op het moment van publicatie, XLM is trading at $0.302, omhoog 27% in het verleden 24 uren.

XLM also posted some major growth over the past year. According to CoinGecko data, Stellar posted year-to-date returns of over 500%.

Zoals Cointelegraph eerder meldde, Stellar recently won the battle of blockchain payment networks against Ripple amid a major sentiment reversal. This came shortly after the Stellar Development Foundation inked an agreement with the Ukrainian government on Jan. 4, 2021 to collaborate on a new digital asset ecosystem including a central bank digital currency. The partnership immediately fueled massive XLM growth, met als resultaat 30% daily gains on Jan. 5.

Despite its ongoing rally, Stellar is still far from its all-time high of $0.78 op jan. 3, 2018.

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Bron: CoinTelegraph

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