During February XLM gained 6% creating a $500 million increase to its total market value. The fast market growth has made XLM rank 14th on CoinMarketCap while reaching a market capitalization of $10.16 billion.
The value of Litecoin increased by 23% during recent days. This upswing happens because investors expect Litecoin to get approval for an ETF or exchange-traded fund. Bloomberg analysts predict Litecoin has a strong probability of obtaining an ETF license that will upscale its public visibility. Although investors keep buying Litecoins their total value amounting to $9.6 billion is lower than XLM.
Stellar Gains Trust as ETF Speculation Fuels Market
The market demonstrates its faith in Stellar’s long-term success even though exchanges have not launched an ETF product with the network yet. While XRP continues to face regulatory issues around an ETF launch you will not find a comparable threat to Stellar Lol’s market prospects. Investors show optimistic behavior because Stellar co-founder Jed McCaleb continues to make important contributions and his background work remains active.
Everyone wants to know if XLM can stay ranked this high in crypto markets while LiteCoin regains its status through ETF expectations. Market trends keep changing causing both assets to compete fiercely while awaiting future upturns and downfalls. Both digital coins aim to lead the market and their upcoming decisions will probably redefine their place alongside others.
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