With the cryptocurrency industry acquiring constant gains and mainstream adoption, the entire industry is currently booming. With so much success and adoption, every cryptocurrency is now up for becoming the top trading asset in the market.
Even though the all-time highs in the cryptocurrency industry are Bitcoin (BTC) and Ethereum (ETH), yet other cryptocurrencies are also rallying up to take the lead. With so much competition going on in the cryptocurrency industry, it only takes a few days for a cryptocurrency to lose its position in the market.
One of the most recent examples with this kind of behavior is Ripple (XRP), which was the 3rd largest cryptocurrency in the world. After SEC sued XRP for selling unauthorized securities to U.S. citizens, the currency has lost its position and is now sitting as the 4th largest cryptocurrency.
According to recent reports, Stellar Lumens (XLM) has emerged as the cryptocurrency that is gaining a lot of mainstream adoption. The cryptocurrency ‘Stellar Lumens – XLM’ has now made its way to the top-10 cryptocurrencies in the world. It has now earned the 9th position in the list of top-10 cryptocurrencies as per market capitalization.
The information around XLM earning a name in the list of top-10 currencies has been released by CoinGecko. CoinGecko is known as one of the top firms that are known for tracking data related to cryptocurrencies.
It has been revealed by CoinGecko that so far, XLM has taken over some of the major cryptocurrencies. The names of the two most prominent cryptocurrencies it has left behind are Binance Coin (BNB) and Chainlink (LINK).
At the time of publishing, the market capitalization of Stellar Lumen (XLM) is over $6.6 billion, which is ahead of LINK and BNB now. The current market capitalization that LINK has is $6.1 billion while BNB’s market capitalization is around $5.8 billion.
It is not the first time XLM has made it to the list of top-10 cryptocurrencies in the world as per market capitalization. This time, the currency has managed to make it back to the top-10 list by experiencing an 80% parabolic surge. According to the price index of Stellar Lumen (XLM), the exchange has managed to gain an 80% surge only in the last 7 days.
At the time of publishing, XLM is trading at a price of $0.302 per XLM, which is a 27% surge from its recent value in the 24-hour time period.
Apart from the recent growth, the company has also displayed promising results and growth in the past couple of years. For the past few years, the cryptocurrency has been posting its year-to-year performance that shows that the company has been gaining 500% returns every year.