Stellar Lumens Rises 10.26% Amid Bullish Trading

Investing activities for Stellar Lumens saw a significant rise, trading at $0.22395 by 22:16 (02:16 GMT) on Wednesday, marking an increase of 10.26% for the day. This surge represents the largest one-day percentage gain since August 9.

As a result of this upward movement, Stellar Lumens’s market capitalization rose to $4.14 billion, accounting for 2.04% of the overall cryptocurrency market cap. At its peak, Stellar Lumens had a market cap reaching $12.12 billion.

Over the previous twenty-four hours, Stellar Lumens fluctuated within the range of $0.21677 to $0.22423. In the past week, however, its value has mostly stagnated with a modest increase of 1.89%. The trading volume for Stellar Lumens in the last twenty-four hours was approximately $86.53 million, representing 0.59% of the total volume across all cryptocurrencies. Over the past week, it has traded between $0.19586 and $0.24310.

Despite the recent gains, Stellar Lumens remains down 75.65% from its all-time high of $0.92 reached on January 3.

In the broader cryptocurrency market, another notable cryptocurrency was priced at $6,243.00, experiencing a daily increase of 3.38%. Additionally, another cryptocurrency was trading at $285.76, reflecting a gain of 10.2%.

Currently, Bitcoin holds a market cap of approximately $107.62 billion, constituting 52.93% of the total cryptocurrency market cap, while Ethereum’s market cap stands at about $28.97 billion, or 14.25% of the total market value for cryptocurrencies.