The price of Stellar (XLM) has grown from $0.08 to $0.4 in only one month, marking an amazing growth which seems to continue. Currently, Stellar Lumens (XLM) is having one of the best trading days.
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As an altcoin with a market cap of $7 billions, it sits on the 10th place and has just entered the ‘top 10’ cryptocurrency list.
While IOTA is currently rising with 3% and Litecoin and NEM are only up by about 6%, Stellar Lumens is stealing the show with a 32% growth in only a couple of days. Up 87% from a week ago, this coin has surged 351% and is currently trading at about 42 cents.
If you are wondering what this coin is all about, it is just like most of the crypto coins out there, with pretty standard features. What Stellar Lumens (XLM) focuses on is easy transfer of funds in a quick and cheap way, without any banks or middlemen. As an open-source and decentralized global financial platform, it has been growing as a result of a form when it was cloned from Ripple (XRP). After using its protocol, Stellar went live in November 2015 and has been growing since them.
The crypto coin has been attracting a lot of investors lately, mostly because of its ‘big brother’ Ripple and the same technology that is used in both coins. Most importantly, its average daily investment is solid nowadays and has a ton of solid scores. With Stellar Lumens just entering the top 10 cryptocurrencies, it will certainly rise even more and come closer to a $10 billion market cap.
What do you think about this cryptocurrency? Are you investing in it?
Let us know in the comments!!!
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