{"id":454306,"date":"2021-01-12T13:29:10","date_gmt":"2021-01-12T13:29:10","guid":{"rendered":"https:\/\/wncen.com\/?p=454306"},"modified":"2021-01-12T13:29:10","modified_gmt":"2021-01-12T13:29:10","slug":"stellar-leads-crypto-gains-as-xlm-rallies-by-49-pullback-ahead","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/stellar-xlm\/stellar-leads-crypto-gains-as-xlm-rallies-by-49-pullback-ahead\/","title":{"rendered":"Stellar Leads Crypto Gains as XLM Rallies by 49%; Pullback Ahead?"},"content":{"rendered":"

Stellar Lumens’ native token XLM was among the biggest gainers<\/a> in the cryptocurrency market in the previous 24 hours, rising by roughly 49 percent in the US dollar-pegged markets.<\/p>\n

The XLM\/USD exchange rate reached an intraday high of $0.313 after dropping to as low as $0.20 in the previous session. Traders flocked into the Stellar token owing to a general recovery across the crypto assets that saw top coins, including Bitcoin, Ethereum, and XRP, emerging from their respective session lows.<\/p>\n

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Fundamentals<\/h2>\n

Stellar primarily benefited from its accessible upside fundamentals. The open-source blockchain project lately emerged as a viable alternative to its top rival Ripple Labs. Ripple, a San Francisco-based payment firm, landed in a legal controversy with the US Securities and Exchange Commission (SEC) over the alleged illegal sale of its native token XRP<\/a>.<\/p>\n

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$XLM<\/a> will absorb all of $XRP<\/a> bagholders soon<\/p>\n

— IncomeSharks (@IncomeSharks) January 12, 2021<\/a><\/p><\/blockquote>\n