Currently, despite an initial rally, XLM has fallen 6.15% to a price of $0.4263. XRP, on the other hand, has fallen in price by 4.23% over the past 24 hours; this drop, which is considered a temporary setback for XRP, came amid bullish sentiment towards the asset.
As for #XLM , the coin has also seen increased investor interest as trading volume increased by 80.76%. The trading volume in 24 hours amounted to about $1.25 billion, which is equivalent to 2.93 billion XLM.
Some analysts attribute the phenomenal increase in XLM trading volume to the bulls' desire to spark a rally. However, it is still unclear whether the whales are behind the current surge, what are the dynamics of the market and how long it will last.
As U. Today previously reported, XLM has risen markedly in Asia. In particular, #Binance , one of the leading cryptocurrency exchanges in the world, has launched a new XLM/JPY pair in Japan.
This development could further boost XLM's performance and market ranking given Binance's incentives.
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