Everybody is calling 2017 the year of the cryptocurrencies. Traditionally, most people had no idea that the cryptocurrency Market even exited but now that the likes of Bitcoin crushed huge milestones, we are sure that everyone is aware. Therefore, 2018 is going to be a fantastic year for cryptocurrencies since everyone will want to invest. In fact, Stellar has already risen by 65 percent since last Friday and its now sitting on the 10th spot in the cryptocurrency ranking.
Right now, Stellar has a market capitalization that exceeds the $10 billion mark. To make things clear, the market capitalization shows us the total dollar market value of Stellar. One of the best thing about Stellar is that all transactions are finished in a matter of seconds. The reason why this feature is so important is because it allows people to exchange their cryptocurrencies to USD and Euro instantly.
Even though the cryptocurrency is called Stellar, the tokens are publicly known as XLM. More and more people are buying large chunks of XLM while the price is still floating around $0.9104. A great example of this is the famous IBM computer manufacturing company which decided to invest in Stellar so that it can support a cross-platform payments system.
Ethereum and Litecoin in 2018
While Stellar might be the subject of our discussion, we also need to mention that Ethereum and Litecoin are starting 2018 strong. Ethereum rose by 17.5 percent and one token is now valued at $908.12. On the downside, Ethereum is still on the third spot in Cryptocurrency Market.
We also have Litecoin which jumped to $216. This means that Litecoin’s value grew by 14 percent and its $14 billion market capitalization puts it on the sixth place in the cryptocurrency market ranking list.
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