Stellar (XLM) Jumps Over 20%, Briefly Passing EOS in Market Cap

via QuoteInspector.com
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Voyager

The price of Stellar (XLM), an open-source, distributed payment infrastructure, has jumped around 20% in the past 24 hours as capital continues to rotate into major altcoins.

Stellar has made significant strides over the previous few weeks, topped off by¬†Lightyear Corp., a company currently focused on developing the¬†Stellar¬†blockchain recently¬†acquiring¬†San Francisco-based technology startup¬†Chain Inc. to form Interstellar. This new entity¬†will migrate Chain’s products and customer base onto the Stellar public ledger to create a platform that enables organizations to exchange, manage and issue assets.

Additionally, IBM has launched a blockchain-based financial solution to upend the existing status quo regarding remittances and global payments, and the Stellar blockchain recently reached over 1,000,000 accounts on its network, marking a significant milestone for the three-year-old project.

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With the latest surge in price over $0.28, Stellar briefly passed the total market capitalization of EOS (EOS) before pulling back. XLM is currently ranked 6th in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.

AltDex 100 Index
More: AltDex Cryptocurrency Index

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

 
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