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Stellar jumps by 7% while other cryptocurrencies remain stable


Stellar Lumens(XML) which provides organizations with a cross-border payment solution just like Ripple(XRP) has gained by 7 percent earlier today. Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP) and EOS all have gained by less than 1 percent.

On Tuesday after making an announcement of 500 million XLM airdrop Steller has gained by 13 percent in this week. would facilitate the $125 million airdrop.   

The cryptocurrency community has been surprised with the XML airdrop. However, Jed McCaleb, the founder of Stellar believes that this airdrop is an indication to design the services the company needs.

The company would be giving away $25 worth of its tokens to users who sign up for a Blockchain Wallet and complete the Know-your-Customer (KYC) procedures.

At press time as per the data from coinmarketcap, a leading cryptocurrency analyst Stellar Lumens (XLM) is trading at $0.26 with a market cap of more than $5.06 billion.

About the author


Akash Anand

Akash is one of the key cryptocurrency and blockchain journalist at Kolkata News 24. He has been a technical writer for the last 2 year and in the blockchain space for a year. He has previously worked with AMBcrypto and now he a freelance author at Kolkata News 24 apart from this he is a huge Arsenal fan.

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