- Stellar (XLM) gained 63% this week, outperforming XRP’s 39% rally.
- XLM’s connection to XRP’s historical past continues to affect investor sentiment.
- With a $15.6B market cap, Stellar is eyeing a prime 10 spot if momentum holds.
Stellar (XLM) simply went on a wild tear, leaping 63% over the previous week and fully overshadowing XRP’s already spectacular run. With a market cap now sitting at $15.6 billion, XLM is quietly making strikes to climb again into the highest 10 cryptos—a spot it hasn’t seen since early 2021.
Everybody’s been speaking about XRP smashing by way of its all-time excessive of $3.65, however Stellar’s rally makes that look delicate. Whereas XRP rallied 39%, XLM crushed it with nearly double the proportion features. And this isn’t only a random blip—XLM is at present the primary performer in CoinGecko’s prime 100 for the week.
XLM’s Connection to XRP
The connection between XLM and XRP is difficult to disregard. Each tokens share roots, because of Ripple co-founder Jed McCaleb, who left Ripple to start out Stellar. Many traders nonetheless mentally pair these two collectively when monitoring value strikes.
Ripple’s CTO, David Schwartz, has even mentioned he’s unsure what actually drives XRP’s value motion, however he is aware of folks usually lump XLM and XRP into the identical bucket. That connection has labored out properly for Stellar holders these days, with XLM clearly driving its personal wave whereas XRP hogs the headlines.
Stellar Eyes Prime 10 Comeback
With this sort of momentum, XLM is setting its sights on the highest 10 cryptos by market cap. It’s a troublesome climb—Stellar must greater than double its present $15.6 billion valuation to push previous heavyweights like Tron (TRX) and Cardano (ADA).
Nonetheless, if the rally retains up, that comeback isn’t unimaginable. The broader crypto market is on fireplace proper now, with cash like Bonk (BONK) up 52%, Pudgy Penguins (PENGU) surging 45%, and Hedera (HBAR) in addition to Algorand (ALGO) each posting over 40% features. Stellar’s simply proving it’s obtained what it takes to play with the large canine.