Stellar Lumens, with its market cap of $6,964,414,973 retains its 8th rank in a market and has seen drastic changes in the last couple of days. With the likes of EOS, Bitcoin Cash experiencing massive growth, it is quite an achievement for Stellar to retain its position and a positive volume percentage in the market.
Even though the volume percentage growth has declined from its previous mark of 70.66% to 31.86% over the period of last 7 days, the achievement that Stellar Lumens is still bragging about is that it retains a high positive volume percentage in the last 7 days figures.
Stellar is currently valued at $0.375043 which shows a 0.27% surge in the price of stellar. Stellar.org is not holding back on its market activities to promote blockchain and its cryptocurrency. It is to host an event in Dubai for blockchain enthusiasts, the event will include a fireside chat with Mr. Marwan Alzarouni, Founder of OTC Supply, as well as presentations by Stellar ecosystem partners NEC Payments and Mobius.
Stellar is not alone in the volume percentage increase at this rate in the past 7 days, other cryptocurrencies, like Ethereum [ETH], Ripple [XRP], Cardano [ADA], IOTA [MIOTA], Dash [DASH], and Tron [TRX] also show similar numbers on the last 7 days volume scale. Ethereum’s volume percentage increase in the last 7 days is 24.77%, Ripple’s volume percentage increase in the last 7 days is 33.06%, Cardano’s volume percentage increase in the last 7 days is 25.91%, IOTA’s volume percentage increase in the last 7 days is 32.75%, Dash’s volume percentage increase in the last 7 days is 29.76%, Tron’s volume percentage increase in the last 7 days is 29.38%.
But there are other currencies that have outrun Stellar and do not fall in the same bracket as the other altcoins. Bitcoin Cash [BCH] is currently valued at $1,383.96 and has seen a 19.10% surge in the last 24 hours in its price. Bitcoin Cash over the period of last 7 days has seen a volume percentage increase of 84%, leaving all its competition behind by a mile.
EOS has also shown a 43.78% volume percentage increase in the last 7 days and people are showing great interest in the technology and according to its makers have the ability to change the world that we perceive today.
Stellar Lumen’s growth rate has been affected by its competition, with rising transactions in altcoins like EOS and BCH, but it possesses great potential and a rigor to maintain its current positive numbers.