Stellar
$0.24271 -0.84%
XLM · 10w

Stellar (XLM) is Inches Away From Edging out EOS from the Number 5 Spot - Ethereum World News

On July 19th, Charlie Lee, the creator of Litecoin (LTC), congratulated Stellar (XLM) on passing LTC’s marketcap and edging it out from the number 6 spot according to coinmarketcap.com. Charlie stated the following via Twitter:

Congrats to Stellar on passing Litecoin’s marketcap. That said, it really doesn’t make sense to compare marketcaps of coins that are “printed”, b/c they have an inflated marketcap. Maybe I’m old school, but I only care about decentralized mineable coins.

Since then, XLM has retained the number 6 spot as can be seen in the screenshot below.

XLM firmly in the number 6 spot. Source, coinmarketcap.com

Doing the math, XLM need only be valued at $0.2464 to surpass the current market capitalization of EOS. This value could become a reality due to the following factors that has put XLM ahead in terms of market momentum.

Potential listing on Coinbase

On July 13th, the team at Coinbase informed the crypto-verse that it was exploring the addition of 5 digital assets on its platform. They include Cardano (ADA), Stellar (XLM), Basic Attention Token (BAT), ZCash (ZEC) and Ox (ZRX). Given the fact that a similar announcement – made in June – considering the listing of Ethereum Classic (ETC) actually materialized, then there is a high chance that the group of 5 will be added on Coinbase. Once this happens, the only way is up for XLM.

facebook Rumors 

On Friday, August 10th, a story broke that Stellar had partnered with the social media giant known as facebook. The rumors had hinted that the two firms would work on the creation of a Stellar-based blockchain solution for facebook. The latter company has since denied the partnership rumors but the question still lingers in the crypto-verse.

The IBM factor

The Stellar foundation and IBM have been in a solid partnership for quite sometime now. Notable collaborations include the following:

In conclusion, the Stellar project and coin seem to have a lot going for...

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Enjoying my Sunday. Beautiful, crisp night in Seattle. Looking forward to this week - so much happening, so much to celebrate. Proud of my team.— Michael Dowling (@michaeldowling) October 22, 2018