Goodbye EOS: Stellar Wins the Spot Among Top-5 Cryptocurrencies

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Goodbye EOS: Stellar Wins the Spot Among Top-5 Cryptocurrencies

Post by howlermunkey » Tue Nov 13, 2018 12:30 pm

Stellar Lumens (XLM) has managed to win over EOS, becoming the 5th largest cryptocurrency in the world by its market cap.

Though it may seem that the list of top-5 cryptocurrencies is quite a stable one, it is not so. The closest altcoins still have a chance to join it, replacing its rivals, and Stellar Lumens or XLM has proven that it is really possible, as it has managed to overtake EOS becoming the fifth-largest cryptocurrency in the world in terms of market cap.

According to analysts, high volatility has a very significant impact on the XLM market which can also be seen from the trade volume.

This week the trade volume of XLM has reached $113.4 million which is an incredible increase over a seven-day time period. Nevertheless, now this indicator is lower and now it is $77.8 million.

The market cap of XLM has exceeded the $5 billion mark and even managed to grow up to $5.39 billion. But the market cap has faced a correction later and at the press time it amounts to a little bit more than $5 billion. At the current moment, XLM is traded for $0.2644.

As for EOS, its market cap has fallen below the $5 billion line. Now it equals to about $4.85 billion.

Factors Leading to Strengthening of XLM’s Positions

Those who are interested in the cryptocurrency market know for sure that this market is very vulnerable to different factors. The situation under consideration is not an exception. We can define three main factor that have resulted in Stellar’s victory over EOS. ... urrencies/

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