Stellar cryptocurrency has managed to skyrocket by 50% just over the week. Currently, Stellar’s Lumen (XLM) is trading in the red zone, however assuming the results of the last week, the coin proved to be one of the most successful cryptocurrencies along with Ripple’s XRP (XRP/USD), which showed the growth by 40% last Saturday and even for some time ousted Ethereum from the second place in the rating by capitalization volume. Only over the weekend, the XLM’s rate increased by 20%, and by the end of last week, this coin grew in price by 50%.
At the moment, Stellar is trading at $0.26, while the market capitalization of this digital asset has grown to $$4,976,340,732.
WHY IS IT IMPORTANT?
- The cost of this cryptocurrency was positively reflected by the information about the imminent launch of the Interstellar project. Earlier, it was reported that the initiators of the launch of the Interstellar project were Lightyear Corp. and Chain. The new product will become a platform for digital trading.
- The amount of the deal is still unknown, but all investors are satisfied with its results. As a result of the merger, the global ecosystem of Stellar has received all the corporate products and the client base of the Chain startup.
- Earlier last week on September 20, Circle Invest has announced the addition of four digital assets to their platform. Stellar XLM along with EOS (EOS/USD), 0x, and Qtum will soon be available from the platform.
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