Stellar (XLM) has, in the last week of trading, outperformed its biggest rival, XRP, with a 14.9% rally. Within the same timeframe, the XRP token recorded a significant but unambiguously smaller 8% upsurge.
Such strong performance for Stellar can, at least in part, be attributed to the March 13 integration with the Bitget wallet. Still, arguably the bigger driver of the XLM 15% rally from $0.149 on March 9 to $0.171 at press time on March 16 came in the form of overall cryptocurrency market performance.
XLM price one-week chart. Source: CoinMarketCap
After spending most of the weeks following the late January bloodbath at depressed values, the total valuation of digital assets rocketed nearly $250 billion from the March 8 and 9 lows at $2.25 trillion to the press time levels at $2.49 trillion.
Cryptocurrency total market capitalization one-month chart. Source: TradingView
Within the same timeframe, XLM’s market capitalization soared from $4.94 billion to $5.66 billion.
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