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XLM re-enters top-10 cash by market cap after surging almost 30%

01/12/2021

Stellar Lumens noticed main worth motion after the Stellar Growth Basis signed an settlement with the Ukrainian authorities.

Stellar Lumens (XLM) is now the ninth-largest cryptocurrency by market capitalization, overtaking Chainlink (LINK) and Binance Coin (BNB), in accordance with information from main crypto monitoring web site CoinGecko. 

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

Prime-10 cryptocurrencies by market cap chart. Supply: CoinGecko

Stellar’s return to the top-10 record comes amid XLM’s current parabolic surge of 80% over the previous seven days, in accordance with Cointelegraph’s Stellar worth index. At publishing time, XLM is buying and selling at $0.302, up 27% over the previous 24 hours.

XLM additionally posted some main progress over the previous 12 months. In accordance with CoinGecko information, Stellar posted year-to-date returns of over 500%.

As Cointelegraph beforehand reported, Stellar just lately gained the battle of blockchain fee networks towards Ripple amid a significant sentiment reversal. This got here shortly after the Stellar Growth Basis inked an settlement with the Ukrainian authorities on Jan. 4, 2021 to collaborate on a brand new digital asset ecosystem together with a central financial institution digital foreign money. The partnership instantly fueled huge XLM progress, leading to 30% day by day good points on Jan. 5.

Regardless of its ongoing rally, Stellar remains to be removed from its all-time excessive of $0.78 on Jan. 3, 2018.