Stellar Lumens [XLM]’s surges by 8%; cryptocurrency listed on Bithumb

Last week, cryptocurrencies including Bitcoin [BTC], Ethereum [ETH], and XRP faced the ax with the prices drowning in the red pond. While all cryptocurrencies are trying to recover, Stellar Lumens is soaring well above ETH and XRP, with BTC still plunging.

Stellar Lumens [XLM], at the time of writing, had a total percentage increase of 8.18% in the 24-hour time frame. It is currently trading at $0.2469 with a market cap of $4.64 billion.

On November 15, XLM started trading at $0.2252 at the beginning of the day, which later dropped to $0.2158. Following the prices, the market cap took a rather strong hit causing the market cap to reach $4.08 billion, a $180 million decline within a span of 4 hours.

Lumens corrected its course and peaked at 15:00 UTC on the same day. The price and the market cap at this peak were at $0.2333 and $4.41 billion respectively. The ride after this point was a little bumpy but prices remained steady until November 16, 4:49 UTC, post which the prices surged by 6.7% to reach $0.2293 and market cap surged as well to reach $4.63 billion.

After this point, the volatility kicked in, causing massive changes. The market cap and price saturated at $4.69 billion and $0.2476 respectively. The price, on November 16, closed at $0.2446.

The majority of the trade volume for Lumens came from Binance, which contributes to a total of 35.37%. UpBit followed Binance by contributing 16.18% of the total trading volume.

Apart from the price action, Stellar Lumens is now listed on Bithumb, South Korea’s largest [by volume] cryptocurrency trading platform. The news of the listing was announced on their official Twitter page on November 15. According to the official website, the trading with begin on November 16.