This week, Stellar exhibited an unexpected recovery, significantly increasing its value and surpassing XRP in growth. This has generated interest among traders and analysts.
Sharp Rise of Stellar
Stellar (XLM) demonstrated significant growth of over 70% this week, rising from 0.107 to 0.154 against XRP. This marks the biggest weekly candle in nearly a year, making this event noteworthy in the market.
Dynamics of XRP
XRP also showed positive results, increasing by approximately 23% to $2.78. However, the growth of XRP was significantly less visible compared to the dynamics of Stellar.
Market Impact
It is worth noting that Stellar and XRP were created by the same founder, Jed McCaleb, but their roles in the market differ significantly. Stellar is more focused on open financial solutions and person-to-person transfers, while XRP is more closely tied to corporate money flows.
Thus, Stellar's recent surge significantly indicates a shift in market sentiment and may signal a new trend, although it is too early to make definitive conclusions.
