Stellar Lumens or XLM has become the fifth largest cryptocurrency by winning over EOS. It stands with market cap $5,093,506,783 as against $4,915,473,193 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 cryptocurrency 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 rather than EOS is “Fake EOS wallet on Google Play”. EOS RIO, EOS devs has been seen warning its users to watch for 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 cant determine with absolute confidence the market cap of any cryptocurrency. It is however interesting to see whether the price of XLM is influenced by $125 million airdrops or a Coinbase listing announcement or spotting of a Fake EOS wallet on Google Play.
Will stellar sustain its position against EOS ? Let us know in comments below.