XLM Leads Market Charge As Bitcoin Stays Around $30k

TL;DR

• XLM is the best performer amongst the top 20 cryptocurrencies by market cap today, rising by more than 23% in the last 24 hours.

• XRP is also up by more than 4% today as altcoins outperform Bitcoin.

XLM Enters The Top 20 After Rallying By 20% Today

XLM, the native coin of the Stellar Lumen blockchain, is up by 23% in the last 24 hours, making it the best performer amongst the top 100 cryptocurrencies by market cap.

Over the last seven days, XLM has added nearly 80% to its value, outperforming even XRP. XLM’s rally began after the news of Ripple’s victory against SEC, with XRP declared not a security.

XLM is a coin that works similar to XRP and makes it easier, faster, and cheaper for people and organizations to carry out cross-border transactions. At press time, the price of XLM stands at $0.1726 per coin. Thanks to its latest rally, XLM is now amongst the top 20 cryptocurrencies by market cap, occupying the 17th spot. 

XRP has overtaken BNB to become the fourth-largest cryptocyurrency by market cap. At press itme, XRP is trading at $0.833, up by more than 4% today.

Bitcoin, the world’s leading cryptocurrency by market cap, has been underperforming in recent days. BTC is struggling to defend the major resistance level around $30k and could experience a correction in the near term. 

At the moment, Bitcoin is trading at $30,134, up by less than 1% in the last 24 hours. The total cryptocurrency market cap remains at $1.21 trillion despite XLM’s recent rally.