Since then, Stellar and their Lumen token (XLM) have seen steady growth not only in value, but in daily volume numbers too.
One month ago today, XLM was sitting with a value of $0.21 with the 24h volume of just shy of $50,000,000 USD, which still is quite impressive.
On November 11, Stellar’s Lumen reached peak numbers showing a whopping 24h volume of $121,978,000 USD while adding a healthy value increase to their overall market cap, pushing them past that of one of their foremost competitors, EOS.
With EOS fresh off of a fake wallet scandal, Stellar is making waves that are sure to attract more adopters as their platform continues to improve and as their new partnerships grow.
Stiff Competition Between Stellar and EOS
Going forward it will be interesting to see the battle between Stellar and EOS continue for a spot amongst the Coinmarketcap Top 5 Cryptocurrencies. With rankings so close to one another, it wouldn’t be a surprise to see this coveted position handed back and forth a few times between Stellar and EOS over the coming months.
Could this be a sign of things warming up in the crypto space? Only time will tell. Shifts like these show that there still is plenty of activity within the crypto space. At any rate, it’s great to see companies jockeying for position and ratings changing overall.
Also published on Medium.