XLM is outpacing a stagnant market

03 Nov, 2018
by Arthur Sillers
News
XLM is outpacing a stagnant market

According to Hacked, XLM is rising ahead of the pack with a recent climb in both price and volume, all amidst a general downturn in the crypto market.

The rising XLM price seems tied to speculation that CoinbasePro will list Stellar’s XLM token next, following its listing of the Basic Attention Coin (BAT). XLM has already been noted as a part of a short list of five coins that Coinbase has been considering bringing aboard its platform, which include Stellar, Cardano, Zcash, BAT and 0x (ZRX). Now that two of these coins, ZRX and BAT have been added, the list is narrowing down and XLM supporters are only getting more optimistic.

Most tellingly, trade by volume in XLM has seen an increase of of 67% this week as compared to last week.

Furthermore, Stellar has been paving the way for wider XLM adoption through acquiring Chain, a blockchain startup, forming Interstellar a new entity which is releasing a fee-less payment channel called Starlight. Of note also is Stellar’s blockchain is continuing to see rapid expansion and adoption, with the release especially of their StellarX platform. 

If Stellar can continue their customer friendly performance, and if the investor optimism around XLM proves at all true, XLM may continue to be a cryptotoken in the spotlight.

Read more: XRP, Stellar, EOS and Cardano are the best crypto to invest in! 

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Read more about: Stellar (XLM)

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