Stellar Lumens (XLM) is now the ninth-largest cryptocurrency by market capitalization, beating Chainlink (LINK) and Binance Coin (BNB), according to data from major cryptocurrency tracking website CoinGecko.
At press time, Stellar's market capitalization stands at $ 6.6 billion, while LINK and BNB's market capitalizations are $ 6.1 billion and $ 5.8 billion, respectively.
Stellar's return to the top 10 cryptocurrency list comes amid XLM's recent 80% parabolic surge in the past seven days, according to Cointelegraph's Stellar price index. At press time, XLM is trading at $ 0.302, up 27% in the last 24 hours.
The 28% drop in the price of Bitcoin is not even among the 5 worst in history
XLM also posted significant growth over the past year. According to data from CoinGecko, Stellar posted returns of over 500% to date.
As Cointelegraph previously reported, Stellar recently won the battle of blockchain payment networks against Ripple amid a major change of mind. This came shortly after the Stellar Development Foundation signed an agreement with the government of Ukraine on January 4, 2021 to collaborate on a new digital asset ecosystem that includes a central bank digital currency. The partnership immediately fueled XLM's massive growth, resulting in 30% daily earnings on January 5.
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