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The price of Stellar (XLM) has notably outperformed the larger cryptocurrency market over the last month, leading the altcoin to surpass EOS (EOS) in market capitalization.

According to data from the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens, XLM now has a $5.015 billion market cap while EOS has fallen to $4.823 billion.

AltDex

Over the last month, XLM has benefited from investor anticipation of a potential Coinbase listing. Additionally, Stellar 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 record-breaking $125 million airdrop.

As a result, XLM is now trading for¬†$‚ÄĮ0.266, up 17.75% over the last month.

Meanwhile, the price action of EOS has been far less bullish, as the project has come under increased scrutiny following allegations that EOS reversed previously confirmed transactions.

EOS via CoinCodex

Accusations of centralization coupled with the lack of positive news has resulted in a bland month of trading for EOS, which is now worth $5.38, down 1.72% over the last month

More: AltDex 100 Cryptocurrency Index
Related: Stellar (XLM) Outperforms as Blockchain Rolls-Out Massive Airdrop

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.

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