Categories: Cryptocurrency

Stellar Lumens surges 13% as crypto markets hold gains

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Stellar Lumens (XLM) altcoin is pumping today, indicating that digital asset markets are still holding on to their weekend gains.

Meanwhile, the total crypto market capitalization has remained at around US$222 billion [AU$344 billion] for the past 24 hours, as most assets start to consolidate or cool off slightly.

Stellar Lumens is the top-performing altcoin of the day, with a massive 13% pump taking prices to $0.070 (900 satoshis). XLM lifted off a few hours ago and has now tapped a two-month high as market cap tops $1.4 billion.

Although still massively down from its all-time high, Stellar has been performing well during this market recovery, often leading other altcoins.

Since its dump in mid-March, XLM has made over 110% and returned to pre-crash prices.

It has now flipped Chainlink for 11th place on the coin cap charts but is still around half a billion away from Tezos, which holds the tenth place.

Bitcoin has not moved since yesterday and is holding just below resistance at $7,750. The halving is just two weeks away now, so further moves are expected.

Ethereum, meanwhile, has cooled off a little, failing to break $200 and falling back to $195.

Also in the red by a couple of percent is Bitcoin Cash, Litecoin, EOS, and Dash.

Featured image courtesy of Matheus Bertelli/Pexels

Martin Young

Martin has been writing on technology for 15 years, he has a keen eye for emerging cryptocurrency news, blockchain developments, and market sentiment.

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Martin Young

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