Stellar (XLM) is up nearly 30 percent over the last seven days and currently sits as the sixth largest cryptocurrency by market capitalization.
Update #1 (2018-09-28, 14:20 am EST): We recently made our honest and in-depth Stellar (XLM) price prediction. You can check it out here!
Stellar has a market capitalization of $5,012,236,814 and is currently ranked ahead of major players like Litecoin (LTC), Cardano (ADA), Monero (XMR), Dash (DASH), and NEO (NEO) — and is nipping at the heels of EOS (EOS).
Unlike many altcoins in the cryptocurrency market, Stellar has managed to maintain much of its value following the marketwide collapse which has taken place over the last nine months. At the time of this writing, one coin is trading at $0.264107, down 3.60% percent over the last 24 hours.
What is Stellar’s most recent price action, and what has investors feeling so bullish on the altcoin?
Earlier this month, Chain, Inc. announced that it had been acquired by Lightyear Corporation. As a result, both Chain and Lightyear have rebranded into one combined entity, called Interstellar.
The highlight of the merger is the fact that Stellar’s global public ledger will now receive Chain’s enterprise products and customer base.
This partnership has undoubtedly bolstered confidence in the altcoin even further, as has XRP’s recent surge.
What do you think about Stellar (XLM) and it’s recent price action? Is the merger between Chain and Lightyear significant news for the altcoin? Let us know your thoughts in the comments below!