Connect with us


Stellar Lumens [XLM] breaks resistance; registers growth of over 14% in the past 24-hours

Namrata Shukla



Stellar Lumens [XLM] breaks resistance; registers growth by over 14% in the past 24-hours
Source: Pixabay

Stellar Lumens [XLM]’s price shot up and there seems to be no stopping to it. The token soared by 14.58% over the past day and continued to grow by 2.76% over the past hour, at press time. The coin broke the resistance of $0.10 and was valued at $0.1066. The market cap was $2 billion, which helped the token briefly switch places with Binance coin [BNB] at the seventh position.

Source: CoinMarketCap

Source: CoinMarketCap

The seventh largest coin registered a growth of 28.01% over the past week. The reason behind this pump was suggested to be the German financial media house, Börsenmedien AG acquiring SatoshiPay, a cryptocurrency startup. This startup offers micro-payment solutions and had blockchain projects with Stellar, Aergo, and Aeternity.

For this partnership, the company used Stellar’s blockchain Technology, which allowed the media house to initiate a pay-per-article scheme, using SatoshiPay’s payment solution to send funds from the reader to the publisher.

XLM overtook BNB coin on the CoinMarketCap list briefly. BNB was valued at $14.42 with a market cap of $2 billion, at press time. The token also noted a 24-hour trading volume of $154 million, with a price rise of 28.18% over the past seven days.

Follow us on Telegram | Twitter | Facebook

Namrata is a full-time journalist and is interested in covering everything under the sun, with a special focus on the crypto market.