On July 19, Charlie Lee, creator of Litecoin (LTC), congratulated Stellar (XLM) for passing the LTC marketcap and moved out of number 6 based on coinmarketcap.com. Charlie declared the following via Twitter :
Congratulations to Stellar for passing the Litecoin market. That said, it makes no sense to compare the markets for coins that are "printed", b / c have an inflated market. Maybe I'm old school, but I'm only interested in decentralized ministerial coins.
Since then, XLM has kept item number 6 as can be seen in the screenshot below.
Doing math, XLM must be valued at $ 0.2464 to overcome the current market capitalization of EOS . This value could become a reality due to the following factors that put XLM ahead in terms of market dynamics.
Potential quotation on Coinbase
On July 13, the Coinbase team informed the crypt-vers that he was exploring the addition of 5 digital resources on his platform. They include Cardan (ADA), Stellar (XLM), Basic Attention Token (BAT), ZCash (ZEC) and Ox (ZRX). Given that a similar announcement – made in June – considering the listing of Ethereum Classic (ETC) has actually materialized, then there is a high probability that the group of 5 will be added to Coinbase. Once this happens, the only way is for XLM.
Rumors on Facebook
Friday, August 10, a story broke that Stellar had partnered with the social media giant known as Facebook. The rumors had suggested that the two companies would work to create a Stellar-based blockchain solution for Facebook. This latest company has since denied the rumors about the partnership, but the question still remains in the crypto-verse.
The IBM Factor
The Stellar and IBM foundation have been in a strong partnership for some time. Noteworthy collaborations include the following:
In conclusion the Stellar project and the coin seem to have been very successful in recent months. These developments will most likely lead to XLM extracting EOS from step 5. Another possibility is that XLM end up exceeding XRP and claiming place number 3.
Disclaimer: This article is not intended to give financial advice. Any opinion here should be taken as well as it is. Perform your research before investing in one of the many cryptocurrencies available.