CandleFocus ? Stellar (XLM) Tops Shiba Inu (SHIB) by Market Cap
2024-11-24
Author: Content Editor
Stellar (XLM) has experienced a significant rally, causing its market cap to surpass that of Shiba Inu (SHIB), according to CoinGecko data. XLM's market cap has reached $17.3 billion, up 190% in the past week and 600% in the past three weeks. This achievement could lead to XLM entering the top 10 cryptocurrencies by market capitalization. XLM is the native token of the Stellar blockchain protocol, co-created by Jed McCaleb, co-founder of Ripple. Both XRP and XLM often trade in a similar pattern, despite their different ecosystems. Ripple CTO David Schwartz expressed uncertainty about the price correlation between the two tokens.
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