- Stellar (XLM) outperformed XRP and all top 100 cryptocurrencies, gaining over 60% in a week.
- XLM’s surge is backed by strong network fundamentals, including increased transaction volume.
- Though both projects share origins, Stellar and Ripple have diverged in focus.
While XRP recently captured market attention with a record-breaking price movement, it has been overshadowed by a lesser-discussed competitor. Stellar (XLM), a cryptocurrency often linked to Ripple due to its shared origins, has emerged as the top performer among major tokens in the past week.
According to market data, XRP surged to a new all-time high of $3.65, driven by renewed investor interest and favorable government policies and legislations. Despite this strong performance, Stellar has seen an even more dramatic rise, gaining over 60% over the week. By comparison, XRP’s weekly gains sit closer to 37% at the time of writing.
XLM is currently the best-performing asset within the top 100 cryptocurrencies by market capitalization. Tokens such as Curve DAO Token (CRV), Bonk (BONK) and Pudgy Penguins (PENGU), and Mantle (MNT), also posted solid gains of over 59%, 54% and 43%, and 30% respectively, during the same time frame.
Source: Coingecko
Also Read: Stellar (XLM) Surges 5 Percent as Traders Rotate Away From XRP Momentum
Meanwhile, other notable assets like Hedera (HBAR) and Algorand (ALGO) have also experienced strong rallies, each climbing more than 40%.
Stellar’s Rise Backed by Network Strength and Trading Activity
Recent data shows a sharp increase in user activity and transactions on the Stellar blockchain, suggesting that its price movement is supported by more than just speculation. The network has processed millions of transactions in recent days, indicating a surge in adoption and usage.
Additionally, a key technical indicator known as a “golden cross,” when a short-term moving average crosses above a long-term one, has formed on the XLM chart. This signal is typically associated with bullish momentum, further fueling investor optimism.
Open interest in Stellar’s futures market has also climbed to record levels, pointing to increased involvement from institutional and high-volume traders.
Ripple Roots, Diverging Paths
Meanwhile, Stellar was founded by Jed McCaleb, who also co-founded Ripple, the company behind XRP. Despite their linked histories, the two projects have evolved separately. XRP is geared toward institutional cross-border payments, while Stellar aims to serve individuals and underbanked regions with fast, low-cost transactions.
While some investors still group the two assets together, market performance suggests they are now being evaluated on their own merits.
As both XRP and Stellar continue to climb, investors are watching closely to see which will maintain momentum. With technical indicators and rising usage in its favor, Stellar appears poised for further growth.
Also Read: XRP-XLM Conspiracy: Why Ripple Co-Founder Jed McCaleb Left the Company to Found Stellar
