Last week, Stellar (XLM), which made its mark on the market with its rises, experienced a decline again and accelerated its losses during the day. Stellar (XLM) started trading above $0.12, recording a value increase of over 7% in the last 24 hours, and ranked among the cryptocurrencies that experienced the highest percentage of losses in the last 24 hours among the top 100 cryptocurrencies in terms of market value.
Made an Impression with its Rises
As the leading cryptocurrency Bitcoin briefly fell to the $25,000 levels at the beginning of the week, most altcoins in the cryptocurrency market experienced significant losses on the first day of the week. However, there were also cryptocurrencies that continued to rise and differentiated positively from the downward trend in the cryptocurrency market.
Stellar (XLM), which made its mark on the market with its rises last week, had gained upward momentum during this period. However, XLM fell again with the downward trend in the cryptocurrency market.
Losses Approach Double Digits
On the other hand, as the leading cryptocurrency Bitcoin surpassed the $26,000 levels again during the day, most altcoins in the cryptocurrency market started to rise again. The total market value of the cryptocurrency ecosystem reached $1.04 trillion according to CMC data.
However, there were also cryptocurrencies that continued to record downward price movements and accelerated losses during the day. Stellar (XLM) was one of the cryptocurrencies that fell again despite BTC surpassing the $26,000 levels.
XLM, which recorded a loss of over 7% in the last 24 hours, started trading at $0.12. In addition, with the value losses recorded in the last 24 hours, the total market value of Stellar (XLM) decreased from $3.6 billion levels to $3.3 billion levels according to CoinMarketCap (CMC) data. After its recent losses, Stellar (XLM) ranked among the top 100 cryptocurrencies in terms of market value and was among the cryptocurrencies that experienced the highest percentage of losses in the last 24 hours, according to CMC data.
