Stellar has just gotten a plus as Gibraltar Blockchain Exchange adds the XLM token to its list of tradable coins. The new exchange added XLM as part of its expansion move to reach more customers. This listing comes shortly after the exchange added EOS. Keep in mind that EOS recently reclaimed its position as the fourth largest cryptocurrency per market capitalization. Adding XLM is a big deal for the exchange as the token is one of the top altcoins in the market.
Gibraltar Blockchain Exchange Adds Stellar (XLM)
XLM is the ninth largest cryptocurrency per market capitalization. With a supply of up to 19 billion, XLM is currently trading at $0.078673. This shows that it is down by 3.27% against the USD and down by 3.75% against BTC. Over a 24 hour period, the trading volume is $95,046,524 while the market capitalization is $1,508,014,422.
Stellar (XLM) Price Today – XLM / USD
According to the announcement by the exchange, the new listing was sponsored by Rampart Corporate Services. The founder of the exchange, Peter Howitt had this to say about the listing:
“We are happy about our work with Kurt, Boris Reznikov and the GBX team on the Stellar partnership. They sponsored the listing of XLM on the Gibraltar Blockchain Exchange. The Stellar brand is exceptional. It has the potential to power cheap, borderless and secure global payments. It is a great fit for GBX.”
While Stellar has a similar vision with Ripple, as both assets are aiming to make cross-border payments better, the XLM token has more functionalities. Its DEX market makes it a potential ICO platform.
Many new exchanges have added XLM to their platform. Some of them include ZB.Com, Exrates, and LATOKEN. Before now, most of its trading activity came from the world’s largest cryptocurrency exchange, Binance. The fact that new exchanges are adding it shows that they see potential in the token.
EOS (EOS) Takes Over (BCH) As Fourth Cryptocurrency Per Market Capitalization
BCH has been able to find relative stability. Following the significant fall in price it suffered after the fork war, the token was struggling to recover against the USD. This recovery was especially difficult because the entire market was stuck in a bearish triangle. While the market is still bearish, BCH is making some improvements.
Bitcoin Cash (BCH) Price Today – BCH / USD
On the 31st of January 2018, EOS took over BCH as the fourth largest cryptocurrency per market capitalization. This isn’t the first time EOS is claiming the fourth position. In fact, the struggle between EOS and BCH has similar to the struggle between XRP and ETH. Experts have referred to it as a flippening competition.
EOS Price Today – EOS / USD
EOS seems to be moving fast against Ethereum. About 13% of its trading volume is coming from new exchanges IDAX and Bibox. While the altcoin intends to displace Ethereum, data shows that it still depends on the third largest cryptocurrency per market a great deal.
BCH, on the other hand, is no longer in competition with BSV, it’s hard fork. The price and trading volume are relatively stable and the BCH community is working hard to drive adoption. The daily volume from EOS is higher than that of BCH.
Will XLM get any boost from the Gibraltar Blockchain Exchange listing? Do you think EOS can hold the fourth position indefinitely? Share your thoughts.
Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.