During the days of crisis in the cryptocurrency market, we are witnessing the changing map on the top list of trading cryptos, where a major focus is set on the list of top 20 cryptocurrencies. From Dogecoin (DOGE) getting back to the list of top twenty trading cryptos during the last week due to the massively dipping market, to observing Bitcoin Cash dipping towards the 6th spot and seeing Ethereum declining to take the place of the third-largest asset in the market, cryptos are moving to respond to some of the greatest dips that 2018 has seen by far. In this case, we are placing a focus on Ethereum and Stellar Lumens, given the fact that ETH is now the third top crypto, while XLM has the honor of climbing up to become the fourth-largest cryptocurrency by its market cap.
Stellar (XLM) Price Today – XLM / USD
Both transitions occurred due to the heavy dips that Ethereum and BCH are experiencing for over a month now having Ethereum dipping below 200$ even back in September. With the latest changes, Ethereum went down below the initial value of 100$, that way losing the resistance point and going below 90$. The dips pertain, but even though XLM is affected as well, almost in the same level as Ethereum is, at least on a weekly level, how far is XLM from taking the rank of the third-largest cryptocurrency?
Ethereum Still Below 100$ with no Signs of Recovery: How Far is XLM from Becoming One ofthe Top Three?Ethereum is marking nearly -21% of losses in the course ofthe last seven days, however, XLM is also affected by the last week’s dips, so we can see it even lower at almost -25% against the fiat in the last week. The cryptos are also dropping in the last 24 hours, marking losses of nearly -5% each, so based on the current level of drops at both cryptos, we can call it a tie for the period of the last two days. However, what we are interested here is the market capitalization of each cryptocurrency. Ranked as the third largest crypto, ETH counts 9.1 billion dollars, while Stellar takes the fourth position with 2.1 billion. That means that XLM would still have 7 billion to go until it would be able to take the position of the third largest cryptocurrency. XLM would also need to establish a certain level of a positive pace of growth, which seems more than impossible at this point.
Ethereum (ETH) Price Today – BTC / USD
However, what XLM may rely on is the fact that ETH is heavily dipping while losing over -82% on YTD and over -94% since recording its all-time high. Previously, Vitalik Buterin stated that ETH might even go to touch the price of zero by 2019, however,ETH is still holding on above 80$. Stellar is showing barely -30% of losses for the year, also marking-87% since touching its all-time high, so it might as well be possible to pull out a rebound in the upcoming weeks. In case Ethereum continues to losses on its value and XLM manages to acquire gains as previously seen in the middle of the November dip when XRP and XLM spiked despite the negative trends, XLM might as well take the rank of the third-largest cryptocurrency.
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