- Stellar Lumens (XLM) Skyrockets amidst the Recovery of Altcoins
- Stellar Lumens (XLM) Gains 40 Percent after a -50% Year-To-Date Performance
- The Stellar Development Foundation Continues to Push for the Global Recognition and Adoption of XLM
Stellar Lumens News Today – Stellar Lumens recently took a trip to the moon. The fittingly space-themed digital currency recently skyrocketed. The price of Stellar Lumens surged enormously on Tuesday and Wednesday. The massive surge of the digital currency started when the altcoin market was recovering. Over the past few days, altcoins have outperformed Bitcoin (BTC) – the world’s most dominant digital currency.
Stellar Lumens (XLM) Skyrockets amidst the Recovery of Altcoins
For about two to three days in a row, the majority of altcoins in the market have continued to see massive volatility. The growth witnessed on Wednesday was outstanding. While the price of Ethereum (ETH) slowed down, amassing very little gains like its boss Bitcoin, small altcoins embarked on the journey on their own.
According to data from CoinMarketCap, Chainlink, Bytecoin, Nash Exchange, OX, and Aurora are among the top 100 digital currencies that surged by more than 10 percent in one day. However, the top gainer among the top cryptos in the market is Stellar Lumens (XLM). The price of Stellar Lumens (XLM) surged by more than 40 percent over the past three days. Nevertheless, this bullish momentum seems to have slowed down.
Stellar (XLM) Price Today – XLM / USD
At the press time, XLM to USD price is $0.07986 after amassing gains of more than 20 percent over the past twenty-four hours.
Stellar Lumens (XLM) Gains 40 Percent after a -50% Year-To-Date Performance
While other digital currencies recorded a similar growth, surging higher due to an influx of capital heading into altcoins, this massive move is attributed to one factor. Before this face-melting rally, Josh Rager – a crypto analyst – pointed out that Stellar Lumens (XLM) is down by about 50 percent year to date. The year to date performance of XLM price is down by 50 percent during a time when BTC surged by 150 percent.
However, the 40 percent rise in XLM price does not put its yearly price performance on par with that of Bitcoin (BTC). Nevertheless, it is a positive step, a great move for the holders of the digital currency.
The Stellar Development Foundation Continues to Push for the Global Recognition and Adoption of XLM
Over the past years, the Stellar Development Foundation (SDF) has taken it upon themselves to push the mainstream recognition and adoption of Stellar Lumens (XLM). The Foundation plans to achieve this goal by doing massive giveaways in the form of partnerships and airdrops.
Last year, the Foundation gave out $125 million worth of XLM as an airdrop. This year, the Foundation is working with Keybase to give out $120 million of XLM to its users.