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

Stellar Lumens (XLM) is now the ninth-largest cryptocurrency by market capitalization, overtaking Chainlink (LINK) and Binance Coin (BNB), in response to knowledge 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.eight billion, respectively.

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

Stellar’s return to the top-10 listing comes amid XLM’s latest parabolic surge of 80% over the previous seven days, in response to Cointelegraph’s Stellar value index. At publishing time, XLM is trading at $0.302, up 27% over the previous 24 hours.

XLM additionally posted some main development over the previous yr. In keeping with CoinGecko data, Stellar posted year-to-date returns of over 500%.

As Cointelegraph beforehand reported, Stellar lately won the battle of blockchain fee networks towards Ripple amid a serious sentiment reversal. This got here shortly after the Stellar Growth Basis inked an agreement with the Ukrainian authorities on Jan. 4, 2021 to collaborate on a brand new digital asset ecosystem together with a central financial institution digital forex. The partnership instantly fueled large XLM development, leading to 30% each day features 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.