Price Action Of Stellar Lumens (XLM) Remains Promising Even With The Market Conditions

stellar lumens

XRP has been in the headlines for days now thanks to the spike in price and market capitalization amid a bearish market. While the price of XRP is doing well against the USD, XLM is also trying compared to other cryptocurrencies. Both cryptocurrencies are promising as they have high potentials in the financial industry. For months now, XRP and XLM have been the first two coins to initiate recovery after a bearish wave. The speed at which their values increase are impressive compared to other coins.

Stellar (XLM) Price Today – XLM / USD

Name Price24H (%)
Bitcoin (BTC)
$13,196.00
11.20%
Stellar (XLM)
$0.123460
-0.91%

At the time of writing, XRP was trading at $0.514545. This shows that it is up by 7.36% against the USD and up by 6.79% against Bitcoin. The trading volume over a 24 hour period is $872,460,931 and the market capitalization is $20,721,610,463. This is rather impressive. XRP isn’t ready to back down.

XRP (XRP) Price Today – XRP / USD

Name Price24H (%)
XRP (XRP)
$0.465855
-0.36%

XLM is also doing well against the USD trading in green at $0.251537. This shows that it is up by 3.94% against the USD and 3.38% against Bitcoin. The trading volume over a 24 hour period is $100,159,361 and the market capitalization is $4,845,701,321. Out of the top five cryptocurrencies on CoinMarketCapital, it is doing fairly well next to XRP. XRP and XLM are doing relatively well against the USD and and Bitcoin. They’ve been able to break the declining channel and they will most likely recover more during the week.

What’s Been Happening On The Stellar Blockchain

Just like Ripple, Stellar has strong fundamentals. An Australian dollar pegged stablecoin was recently launched on the Stellar blockchain. This will hold its value the same way other stablecoins hold theirs against the USD. The coin was created by Novatti Group. The managing director of the firm, Peter Cook, had this to say about the vision they have for the coin:

“We believe people will use this stablecoin to buy goods from enterprises in Australia. We think they will also be used to pay for services in Australia”.

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