Stellar (XLM) has gained significant momentum over the last week, following the announcement that Blockchain, a leading European cryptocurrency wallet provider, added support for the altcoin, in addition to announcing a massive $125 million airdrop for its users.
— Blockchain (@blockchain) November 8, 2018
As a result of this boost in attention, XLM has significantly outperformed the market over the last week of trading. While the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens, is currently down 1.5% over the last week, XLM is up around 10%.
XLM is currently trading for $ 0.2768, giving the coin a $5.24 billion market cap and making it the 5th largest coin in the ALT100. XLM has a 3-month high of $0.288 that will likely act as the next major resistance point.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.