Stellar (XLM), Ripple’s XRP rival in the cross-border payments department, has been on fire as of recently. It is currently trading at $0.082 with more than a 40 percent increase over the last 24 hours after a massive green candle.
However, as crypto trader Alex Krüger points out, XLM will have to surge by 60 percent for six consecutive days in order to get to its current ATH, which would be a very hard feat to achieve.
After today's 60% pump, $XLM is only 92% away from its 2018 top. All $XLM now needs is to go up 60% for six consecutive days to regain all time highs 🔥
Congratulations to all short term longs for making a killing. pic.twitter.com/BV3t69fNPh
— Alex Krüger (@krugermacro) September 18, 2019 Meanwhile, Ripple’s XRP, Ethereum (ETH), IOTA (MIOTA), Tron (TRX) and Cardano (ADA) are also in the double-digit territory, according to data provided by CoinStats.
As a result of this massive rally, Bitcoin’s market share has shrunk to 67.1 percent.