The bulls have entered the market and taken the general market cap over $300 billion. Bitcoin and altcoins all are encountering a not too bad surge in their prices. In any case, a standout amongst the most profitable digital currencies right now in the market is Stellar (XLM).
Stellar has been trading at $0.332 with an ascent of 10.73 percent in the previous 24 hours. With a market cap of $6.2 billion, it has been dealing with the everyday trading volume of $204 million. The significant surge in Stellar price took it from seventh to the sixth spot while replacing Litecoin (LTC).
Amid the previous week, when bulls initially entered the market, Stellar has been trading at $0.184. The price rose on a consistent development and afterward with a sharp incline came to $0.31. This week, it surged with various uplifting news and climbed $0.348 level. This fourteen-day surge has Stellar (XLM) hike of around 90 percent.
Today, Stellar went live on Huobi exchange. The world’s third biggest digital currency trade as indicated by Coinmarketcap yesterday reported the listing that spiked its prices. The declaration read, “Stellar (XLM) will be launched on Huobi Global on July 25, 2018 (GMT+8). Deposits will be available from 16:30, July 25, 2018 (GMT+8). XLM/BTC and XLM/ETH trading will be available at New Zone from 16:00, July 26, 2018 (GMT+8). Withdrawals will be available from 16:30, July 28, 2018 (GMT+8).”
The latest news of Stellar’s association with TransferTo has been a necessary factor in driving the prices skywards. A B2B mobile settlement framework, it serves companies like Western Union, PayPal, 7 Eleven, and Money Gram.
Aik-Boon Tan, TransferTo’s Chief Customer Officer commented on the partnership:
“We always aim to be at the forefront of the payments industry, and by partnering with Stellar our goal is to trial the blockchain technology and scale our cross-border payment service to better serve our partners and reduce costs. This can enable our partners to better serve both the migrant workers sending money home and their families receiving it.”