Stellar becomes the Top Gainer among 20 cryptos

Stellar becomes the Top Gainer among 20 cryptos

Stellar has skyrocketed after a number of days of positive responses and by climbing the ladder up by new partnerships. Everything seems to be much better for the crypto as it has ranked first for growth percentage in the top 20.

Ever since the potential listing of XLM was announced by the popular exchange platform Coinbase on July 14th, Stellar Lumens has been the top gainer among the top 20 cryptocurrencies. For over a week now, the daily and weekly growth of the crypto has been running green and in double digits.

Stellar entered the bullish market even before the cryptocurrency giant Bitcoin (BTC). Not only this, it also gained Litecoin’s position and experienced a hike in prices which was also reported by CoinFrenzy. It must also be noted that XLM was ranked number 7 after the surge, whereas Litecoin (LTC) was positioned at number 6 as per the data on CoinMarketCap on 18th July.

Last week also witnessed another major news for the cryptocurrency. Stellar became the first Distributed Ledger Technology (DLT) to receive a Sharia Certification for asset tokenization and payments. By obtaining the Sharia compliance certification for the Stellar technology and network, Stellar Development Foundation had already inched towards its goal of ensuring financial inclusion and financial access. It was also meant to help expand the Stellar ecosystem in regions where financial services require compliance with Islamic financing principles.

Now recently, Huobi Global, the cryptocurrency exchange platform, announced that it will allow the trading of XLM from today, i.e. 26th July. The withdrawals will, however, start from 28th July.

Not just this, Stellar (XLM) also announced another partnership with TransferTo. The partnership is meant to cater unified benefits to the duo with “combined network coverage, and be able to leverage new technologies to send and receive money more efficiently to more than 70 countries.” It is focused to aid the financial institutions and partners of both the companies.

It is evident that Stellar is the major gainer from mid-July and has been the top 20 cryptocurrencies. At the time of writing, Stellar Lumens is priced at $0.335745 USD with a market capitalization of $6,301,047,360 USD. It is ranked at number 6.

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Aayushi Dhawan
Aayushi Dhawan is an avid reader, researcher, crypto writer and a passionate student. While pursuing her graduation in commerce at SRCC, she realized that writing and Finance give her immense pleasure. She is currently pursuing her post graduation in Commerce (Finance) from Department of Commerce, Delhi School of Economics and keeps on exploring the intricacies of research, her biggest strength.