Stellar (XLM) Market Cap Starts to Approach Shiba Inu (SHIB)

Bittime - Stellar (XLM) is fast approaching Shiba Inu (SHIB) in the crypto market rankings after experiencing a 35% price surge. 

This increase has pushed Stellar to 16th place with a market value of $13.65 billion, only slightly behind Shiba Inu's valuation of $14.22 billion.

In the past week, XLM has gained significant momentum, rallying for five consecutive days since January 1. This surge brought the XLM price close to a three-week high, last seen on December 8, marking a good start to 2025.

On the first day of 2025, XLM experienced a sharp surge, marking one of the most notable rallies in the crypto space. 

Stellar surged from lows of $0.331 to highs of $0.44, recording a gain of over 30% at the start of the year.

Bulls did not relent, pushing XLM prices to a high of $0.441 on January 4 in a four-day rally before retreating slightly. 

This rise pushed XLM beyond its 50-day moving average at $0.4419, near where it is currently trading.

Also read: XLM Price Rising, When is the Right Time to Buy Stellar Coin?

Impressive XLM Price Movement

At the time of writing, XLM rose 2.44% in the last 24 hours to $0.45 and recorded a 35.6% gain in the last seven days. Since January 5, XLM has fluctuated in a range between $0.431 and $0.456, awaiting its next directional move.

This price increase shows that investors are increasingly believing in Stellar's potential, especially with strong fundamentals and positive sentiment in the crypto market.

Despite Stellar's impressive rise, Shiba Inu still remains ahead with a market capitalization of $14.22 billion, making it the 15th largest cryptocurrency according to CoinMarketCap data. 

SHIB also saw an increase in early 2025, driven by positive sentiment in the crypto market and developments in the Shiba Inu ecosystem.

Shiba Inu Performance and Shibarium Achievements

Shiba Inu (SHIB) has risen for four consecutive days since December 31, reaching a high of $0.00002492 on January 4 before declining. At the time of writing, SHIB rose 1.36% in the last 24 hours to $0.00002398 and recorded a 15% gain in the last seven days.

One of the factors supporting the growth of SHIB is the layer-2 blockchain solution, Shibarium, which has reached a significant milestone in early 2025 with over one million wallet addresses.

The Shiba Inu community is also counting down to January 14, following an announcement by the official TREAT X account over the weekend. 

This achievement shows that despite Stellar's (XLM) significant growth, Shiba Inu remains a strong contender in the crypto market.

Also read: Stellar Payment Network: Everything You Need to Know

Future Prospects of Stellar (XLM)

With growing momentum and a market capitalization approaching that of Shiba Inu, the future outlook for Stellar (XLM) looks bright. If this positive trend continues, XLM could continue to attract investor attention and increase its market value.

Moreover, with the support of a strong community and continuous technological developments, Stellar has the potential to become one of the more prominent digital assets in the crypto market.

Overall, XLM's impressive price movement and proximity to Shiba Inu's market capitalization suggest that Stellar is on track for further growth. Investors should continue to monitor these developments and consider potential investments in Stellar (XLM) in the future.

FAQ

What caused the Stellar (XLM) price to rise recently?

Stellar (XLM) price rose due to a 35% surge in the past week, driven by strong buying momentum and positive sentiment in the crypto market, as well as its proximity to the market capitalization of Shiba Inu (SHIB).

What is the current market capitalization for Stellar (XLM)?

Currently, the market capitalization of Stellar (XLM) stands at around $13.65 billion, close to Shiba Inu which has a market capitalization of $14.22 billion.

What are the future prospects for Stellar (XLM)?

The future outlook for Stellar (XLM) looks bright with increasing momentum and support from a strong community. If these positive trends continue, XLM could continue to attract investor attention and increase its market value.

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References

cryptonews.com, Stellar's XLM Price Jumps as Buying Momentum Builds - Could a 'Golden Cross' Be Next?, accessed on January 7, 2025.

Author: AWW