Stellar Lumens (XLM) Surpasses EOS as the 5th Most Important Cryptocurrency

Fibo Quantum

Stellar Lumens (XLM) has surpassed EOS as the fifth most important virtual currency in the market after reaching $4.28 billion dollars on August 13, 2018. At the moment, Stellar is the only top 10 virtual currency registering gains in the top 10.

Stellar Lumens Reaches 5th Place

Stellar Lumens enthusiasts are now very happy about the new goal achieved by the project. Of course, it was not easy to reach such a position, but the team shows that with effort it is possible to achieve these goals.

At the same time, this movement shows how EOS is falling further after launching the so awaited mainnet. EOS was able to gather an important number of users and investors before launching the mainnet, but since then, it has been falling.

Before surpassing EOS, Stellar had to reach the sixth position, which was held by the important player in the space, Litecoin (LTC). Litecoin has been losing part of its price and weakening in the market since the beginning of the year and some conflicts it had with some other companies.

In the last days we have seen how Stellar worked day after day in order to sign partnerships with important companies. The coin benefited from firms adopting the XLM protocol. We can mention IBM and its intention to launch a stable coin on the Stellar network.

Additionally, Stellar was able to reach the top 5 right after Facebook announced that it is not working with the procol built by Stellar. At the end of the last week, some rumours expanded abou Facebook working with Stellar, which in the end, were proven not to be real.

Facebook commented on the matter:

“We are not engaged in any discussions with Stellar, and we are not considering building on their technology.”

At the moment of writing this article, Stellar is the 5th cryptocurrency by market capitalization ($4.28 billion dollars). Each XLM coin can be bought for $0.228 dollars. In the last 24 hours Stellar grew over 3%. EOS, instead, is losing 6.47% in the last 24 hours and each coin can be bought for $4.70 dollars and has a market value close to $4.26 billion dollars.

If you want to know more about Stellar click here.

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