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May 28, 2022
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Stellar: XLM price rises 140% compared to March lows

Stellar is recovering from the difficult month of March.

Stellar (XLM) is one of the big cryptocurrencies that most benefit from the increases in progress and, with today’s jump, its price has risen more than 13%, revising levels at the end of February, leaving the negative month of March behind .

With today’s performance, added to the performance of previous weeks, XLM reached a rally that surpasses the lows of mid-March by 140%. With today’s jump Stellar regains 12th position, pressing Chainlink’s 11th position (LINK). Between the two today, there is a difference of just under $ 150 million in capitalization.

After days that showed signs of uncertainty, today marks the second consecutive day of significant increases in the sector, with more than 80% of cryptocurrencies in positive territory.

These are increases that see all the big names recovering their periodic highs, highs reached in early April for Bitcoin, which at those times return to the levels of the beginning of the month, just like Ethereum.

Ripple, while showing a slowdown, is back to 19 cents, but there are still some points to revise the highs since the beginning of the month.

Among the best performances, in addition to Stellar, which leads this rise, is Cardano (ADA), which returns above the levels of the beginning of March, recovering the entire fall of the second half of last month, in which it had lost more than 55% of the value in a few days. Cardano therefore rebuilds a good bullish structure.

Tezos (XTZ) also continues to stand out, confirming the upward trend that had already appeared in recent days, consolidating more and more the 10th position in the classification.

Today’s rise is also accompanied by rising volumes that exceed $ 110 billion, up 15% from yesterday.

Total capitalization reaches US $ 215 billion. Bitcoin’s dominance remains below the 64% limit. It also unchanged Ethereum’s, just under 10%. Ripple also hovers around 4.1%, levels of the past few days.

Source: cryptonomist

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