Riding on Coinbase Listing Update, Stellar Gains Fifth Spot Leaving Behind EOS

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Stellar Lumens or XLM has become the fifth largest cryptocurrency by winning over EOS. It stands with market cap $5,093,506,793 as against $4,915,473,123 of EOS.

Factors leading to Stellar’s win over EOS

  • Coinbase has recently announced the listing of several new assets to its exchange which also includes Stellar. It announces the listing of Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and Ox (ZRX).
  • Earlier this week, Stellar Development Foundation heads up for the biggest airdrop in crypto history. Interestingly, the total of $125 million worth of Stellar Lumens (XLM) will be released as a give away to its blockchain wallet users. This has definitely risen up the XLM market to interesting highs as more people are showing interest, seeing quite a big fund for giving away.
  • Yet another reason that marks Stellar on top than EOS is “Fake EOS wallet on Google Play”. EOS RIO, EOS developers has been seen warning its users to save from the use of fake version of its App on Google Play, which has negatively affected the volume of EOS cryptocurrency.

Since the market is volatile in nature, one cannot definitely state the literal stand of any cryptocurrency. It is however interesting to see whether the price of Stellar is influenced by $125 million airdrops or Coinbase listing announcement or spotlight of Fake EOS wallet on Google Play.

Will stellar sustain its position against EOS. Let us know in comments below.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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