Stellar (XLM) is swiftly catching up to Shiba Inu (SHIB) in the cryptocurrency rankings, thanks to a powerful 35% price jump. This recent surge has pushed Stellar into the 16th spot, with a market capitalization of approximately $13.65 billion. It’s now just a hair behind Shiba Inu’s current market value of about $14.22 billion.
Over the last seven days, XLM has experienced a robust upward trend, rising consistently for five straight days starting from January 1st. This surge has pushed the value of XLM close to its highest point in nearly three weeks, a level not seen since December 8th, indicating a strong beginning to the year 2025.
2025’s New Year’s Day witnessed a significant spike in XLM, one of the standout rallies in the cryptocurrency market to kick off 2025. Initially valued at $0.331, Stellar soared to reach $0.44, representing an impressive gain of more than 30% just as the year commenced.
On January 4th, the price of XLM surged to peaks of $0.441 after a strong four-day upswing, but then showed a slight decline. This upward trend carried XLM past the 50-day Simple Moving Average (SMA) at $0.4419, where it currently hovers.
Currently, XLM is experiencing an increase of 2.44% over the past 24 hours, reaching a value of $0.45. Over the last week, it has surged by 35.6%. Since January 5th, XLM’s price has been oscillating between $0.431 and $0.456, as it anticipates its next significant price movement.
Shiba Inu still remains ahead
Despite Stellar’s significant growth, Shiba Inu continues to lead with a market cap of $14.22 billion, placing it as the 15th largest cryptocurrency according to CoinMarketCap data. Similar to Shiba Inu, SHIB has also seen an increase at the beginning of 2025, gaining from the optimistic atmosphere in the crypto market and the Shiba Inu community.
Since December 31st, SHIB experienced a continuous increase in value for four consecutive days, peaking at $0.00002492 on January 4th. However, it then retreated. As I write this, SHIB has risen by 1.36% over the past day to reach $0.00002398 and has increased by approximately 15% in the last seven days.
At the beginning of 2025, Shiba Inu’s blockchain solution, Shibarium, reached a substantial milestone – it now has over two million unique user wallets. This is a notable accomplishment for Shiba Inu’s layer-2 system.
The Shiba Inu community eagerly awaits January 14th, as per a recent statement made by the official TREAT X account.
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2025-01-06 19:07