A new star shines in the world of cryptocurrencies: Stellar. The shiny cryptocurrency with its XLM coins now has a market cap of nearly $14 billion US dollars and has beat litecoin, NEM, IOTA, and Dash to reach the sixth place in terms of market capitalization. The battle with litecoin continues and both digital currencies have similar market caps.
2018 has begun positively for almost all cryptocurrencies, but some are doing better than others. Ripple roars ahead and passed the $100 billion market cap. Cardano made a huge leap to fifth place and remains on the up thanks to a real-world implementation.
Update: the surge continues with Stellar hitting $ 0.8850. It is up some 50% in the past 24 hours. And regarding its position, Stellar is now more stable in the 6th place with a market cap of nearly $16 billion against just under $14 billion for litecoin.
And here we are talking about Stellar. The platform is around since 2014 and they focus on the blockchain technology. The transactions are quick and they are used by IBM. They facilitate foreign exchange transactions using the coins, called lumens. Also, the huge consulting firm Deloitte is involved. Jed McCaleb is behind Stellar and currently runs it as a non-profit.
Here is a chart showing the stellar rise of Stellar vs. bitcoin. It is a one-hour XLM/BTC chart. In US dollars, XLM/USD is around 0.76, up from a range of 0.15 to 0.30 just a few weeks ago.
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