Stellar Lumens [XLM] has finally seen a boost of over 5% due to speculations ahead of Coinbase listing. Unlike other cryptocurrencies, Stellar Lumens [XLM] has been affected by massive volatility in the forever-lasting bear market.
The prices of XLM were going haywire during press time, with the 24-hour change going up to 5% and falling back to normal and further down. XLM is now the fourth most-traded asset on Binance, just after Bitcoin [BTC], Bitcoin Cash [BCH] and Ethereum [ETH].
The price of XLM in a one-day time frame had a very bumpy ride, with its price standing steadily at $0.2691 and a market cap of $5.09 billion on November 11. XLM, on the same day, faced a mild bump and the market cap got a push up to $5.14 billion and the price also rose up to $0.2715.
The price and the market cap remained the same more-or-less for a few more hours before changing further. Later the same day, the price and the market cap both took a hit and went down to $0.2633 and $4.98 billion respectively. The 24-hour trade volume rose up by 25.8% during this time period.
The price corrected itself at this point and moved up $0.2749, and market cap followed the same path and reached $5.2 billion. The prices, after this point, continued on a slow journey with less volatility and reached $0.2840, with market cap tracing a new high at $5.37 billion. The prices have started plunging since this new high.
The market cap of the asset is currently at $5.26 billion and the 24-hour trading volume is at $113.64 million. The supply for the asset comes mostly from Binance’s platform, which contributes to a total of 32.6% [approx] with pairs XLM/BTC and XLM/USDT. The next contributor to the asset is Upbit exchange which contributes to 9% [approx] of the total volume.
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Author: Akash Girimath