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

Share on facebook
Share on google
Share on twitter
Share on linkedin

Stellar Lumens saw major price action after the Stellar Development Foundation signed an agreement with the Ukrainian government.

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

At publishing time, Stellar’s market cap amounts to $6.6 billion, while LINK and BNB’s market caps stand at $6.1 billion and $5.8 billion, respectively.

Top-10 cryptocurrencies by market cap chart. Source: 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. At publishing time, XLM is trading at $0.302, up 27% over the past 24 hours.

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

As Cointelegraph previously reported, 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, resulting in 30% daily gains on Jan. 5.

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

下載iBTC 手機APP
感受最佳交易體驗

下載iBTC 手機APP
感受最佳交易體驗