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Stellar Lumens touching the peak – XLM surges by 24% in 7 days

Aakanksha Rana



Stellar Lumens touching the peak - XLM surges by 24% in 7 days
Source: Pixabay

The cryptocurrency market has shown a bullish trend since Bitcoin [BTC] has been heading towards a reversal zone this morning. As the BTC price has been climbing the price ladder, the entire market is also following the same positive trend. It is being noticed that, among the top 30 coins, Stellar Lumens [XLM] has shown a significant price hike.

Stellar Lumens Price Chart || Source: TradingView

Stellar Lumens Price Chart | Source: TradingView

At the time of writing, XLM is trading at $0.300 with a market cap of $5 billion. The coin is currently trending at the 6th position with respect to market capitalization. XLM shows a rise of 5.57% in the past 24 hours and the 7-day cap shows an increase of 24.6%. During the last week, XLM was the only coin which had shown a 20% hike among the top 30 coins.

Recently, Stellar on its official Twitter page announced that it has powered KODAKOne. KODAKOne platform uses web crawlers in order to identify the intellectual property which was licensed to KODAKOne platform. It allows payments for licensed photographers made using the KODACoin. KODAKCoin is designed to work with KODAKOne platform.

gsache, a Twitter user said:

“Amazon next!”

The recent news regarding the potential listing of XLM on Coinbase exchange has gained popularity among the cryptocurrency enthusiasts in the past week. The coin has been performing well since the announcement made by Coinbase and showed a pump of 69% followed by Cardano [ADA] and Litecoin [LTC]. During this period, XLM overtook LTC and secured the 6th position in the market.

Also, XLM is the first coin to receive the Sharia Certification for its payments and asset tokenization aiming to advance global monetary access.

XXIII, a Twitter user said:

“It’s crazy how many people don’t understand what Sharia compliance is and it’s place in modern finance”

‏Few weeks back Stellar launched StellarX, a new trading platform built on Stellar. StellarX can trade all types of assets — fiat, cryptocurrency, bonds etc.

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