Stellar and Cardano Surges Prior to Coinbase Listing Anticipation
Over the past few days, two major altcoins, Stellar and Cardano. have recorded a significant growth in the cryptocurrency market while the rest of the crypto market has turned back to its conventional state with most of the cryptocurrencies moving sideways.
Considering the weekly report of the market, Stellar [XLM] stands at the top with an 11.73% gain, overtaking XRP which had surged by 10.71%. At the time of writing, XLM is trading at $0.26 with a market cap of $5.83 billion.
In fact, Stellar has risen so much it has now jumped into the top five largest coins at the expense of EOS. It has risen over 26% since this time last month after being touted as a possible new addition to the popular Coinbase exchange along with Cardano.
The other coin up for a possible Coinbase listing, Zcash (ZEC), was down close to 5% over the same period, as the community speculates that a privacy-coin would be the least likely to be next, owing to technical complexities.
There is talk that $XLM could potentially be the next coin to list on Coinbase and that is the reason for the price surge.
Please don’t cry later if you miss this one again…… pic.twitter.com/OQRwAwtuON
— Satoshi, MBA (@SatoshiFlipper) November 11, 2018
Stellar (XLM) appears to be one of the more popular projects to trade during the bull market. The project currently ranks second in trading volume on Binance after Bitcoin Cash, which is expecting an upcoming fork.
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