The rollercoaster bearish and bullish behavior of the cryptocurrency market has seen multiple shifts in the position of the coins, with new entrants as well as surprise gainers. Stellar Lumens [XLM] and Bitcoin SV have been at the center of attention for creating a ripple in the crypto verse.
At the time of writing, Stellar Lumens had jumped to the fourth position on the top-10 cryptocurrency chart, overtaking Bitcoin Cash, which is now at number 5. The jump has created a furor within the community, with several proponents pegging the change to the so-called ‘crypto-winter’. Several major players in the industry have also gone ahead and said that the current bear market could continue till the third quarter of 2019.
During press time, Stellar Lumens was growing by 6.46%, with a total market cap of $3.256 billion. The market cap has been substantially rising over the past three days, with XLM gaining close to $500 million in a matter of 72 hours. The cryptocurrency was trading for $0.17, with a 24-hour market volume of $99.189 million.
A majority of XLM’s trade volume was coming in from Binance, which had a grasp on $12.775 million of the total trade. Binance was closely followed by Upbit, on which $10.337 million worth of XLM trade was taking place.
Stellar Lumens has been seeing a consistent growth amidst the bear market, with the cryptocurrency recently going up by 10%, a market achievement in the top-10 club.
Stellar was also in the limelight earlier when Cory Johnson, the Chief Market Strategist at Ripple, had spoken about the company’s failing potential. He had pointed out that despite being created by a Ripple co-founder, Stellar does not possess the popularity held by Ripple. In his words:
“I don’t really have an opinion about it. I mean, you know, obviously, a super smart guy but in order to build a really big business that uses the digital assets is a challenge. There are lots of companies developing on XRP. I don’t know many developing on Lumens other than Stellar.”
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