Stellar Lumens Rises 10.23% as Investors Gain Confidence

On Friday, Stellar Lumens traded at $0.23691 by 18:34 (22:34 GMT), marking an increase of 10.23% for the day. This represented the largest one-day percentage gain since August 17.

This upward movement boosted Stellar Lumens’s market capitalization to $4.40 billion, accounting for 1.99% of the total cryptocurrency market capitalization. Previously, its market cap had reached as high as $12.12 billion.

In the last 24 hours, Stellar Lumens fluctuated between $0.21418 and $0.23708. Over the past week, it has experienced a 5.35% increase in value. The trading volume for Stellar Lumens in the past day was approximately $77.70 million, which is 0.48% of the total volume across all cryptocurrencies. In the last seven days, its price ranged from $0.19586 to $0.24744.

Despite the recent gains, Stellar Lumens is still down 74.25% from its all-time high of $0.92 achieved on January 3.

In other cryptocurrency news, another cryptocurrency was trading at $6,553.7, up 4.12% on the day, while another was at $315.37, increasing by 9.8%. Bitcoin’s market capitalization is approximately $112.69 billion, representing 50.87% of the total cryptocurrency market cap, and Ethereum’s market cap stands at $31.81 billion, or 14.36% of the overall market value.