RATE Group | Stellar Lumens [XLM] dethrones EOS; becomes fifth-largest cryptocurrency
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Stellar Lumens [XLM] dethrones EOS; becomes fifth-largest cryptocurrency

12 Nov Stellar Lumens [XLM] dethrones EOS; becomes fifth-largest cryptocurrency

Posted at 14:38h in Cryptocurrency News by

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Stellar Lumens has been on a roll recently, and now, has overtaken EOS to become the fifth-largest cryptocurrency in the world in terms of market cap. The trade volume shows that high volatility is playing a crucial role in the XLM market. The trading volume of XLM is holding at $113.4 million, which is a whopping 99.51% increase in a seven-day time frame.

The market cap of XLM crossed the $5 billion line and peaked at $5.39 billion. The market cap faced a correction and reached $5.23 billion later. XLM is currently holding a strong market cap of $5.23 billion after overtaking EOS, while EOS’ market cap has fallen below the $5 billion line to reach about $4.88 billion.

Source: CoinMarketCap

XLM is currently undergoing a 3.3% hike in price in the past 24 hours, while the price of XLM reached a new high within the seven-day range at $0.2835. The prices have slumped since and reached $0.2766.

The announcement of XLM’s air-drop in partnership with Blockchain…

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