We hardly see the exchange of positions in the top level of the crypto market. However, recently we’ve seen some changes, most especially among the top 10 cryptocurrencies. On two occasions XRP has come from behind, to become the 2nd largest cryptocurrency, though this was temporary. Now, more changes can be seen in the top 10 cryptocurrencies.
Recently, CoinMarketCap data revealed that Stellar has moved up in the rankings. Stellar is currently the world’s 5th largest cryptocurrency. Initially, this position was taken by EOS, but has now been displaced to 6th place. Could this be a sign that a bullish rally is ahead?
Stellar (XLM) Price Today – XLM / USD
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In recent days, Stellar has stayed above the $0.25 position, which has always been its key position. This level seems to be a crucial support level because if it goes below the position, it will experience great loss and the higher it goes above the position, the more chances it has to soar.
One good reason why Stellar is has been very stable recently and being one of the top five cryptocurrencies is as a result of its partnership with blockchain.
Blockchain.com Wallet, recently announced that they will start supporting Stellar, making it the fourth coin the wallet would support. Other coins supported include: Bitcoin, Ethereum, and Bitcoin Cash. Blockchain also added that they would be conducting the biggest airdrop of $125 million worth of Stellar Lumens.
Stellar has been noted to be Ripple’s greatest competitor. There has been a lot of debate about the superiority of one over the other, but one thing that has set them apart is their position in the market. Ripple has always been ahead of Stellar. Stellar seems to be very determined to become better than Ripple in the future, and this will be settled if Stellar takes over the position of Ripple in the market.
