CandleFocus Stellar (XLM) Flips Shiba Inu in Market Rankings, What's Next?
2025-01-08
Author: Content Editor
Stellar (XLM) has surpassed Shiba Inu (SHIB) in the cryptocurrency market rankings, with Stellar now in 15th place and Shiba Inu dropping to 16th. Shiba Inu's drop comes as meme coins suffer during a market sell-off, with losses of up to 11%. The sell-off has resulted in the liquidation of $711 million in meme coin assets. Stellar (XLM) also experienced losses but posted smaller ones. The decline in cryptocurrency prices is attributed to concerns about higher inflation. Uncertainty over Federal Reserve interest rate cuts may impact cryptocurrency prices in the future.
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