Stellar Lumens has grown significantly after the Stellar Development Foundation signed an agreement with the Ukrainian government.
Stellar Lumens ( XLM ) is now the ninth largest cryptocurrency by market capitalization and has overtaken Chainlink (LINK) and Binance Coin ( BNB ), according to data from the major crypto-tracking website CoinGecko .
At press time, Stellar’s market cap is $ 6.6 billion
The market caps of LINK and BNB are $ 6.1 billion and $ 5.8 billion, respectively.
Stellar returns to the top 10 list amid XLM’s recent parabolic surge 80 percent in the past seven days, according to the Cointelegraph Stellar Price Index. At press time, XLM is $ 0.302, up 27 percent over the past 24 hours.
XLM also saw great growth over the past year.
According to data from CoinGecko, Stellar has achieved an increase of over 500 percent since the beginning of the year
As Cointelegraph previously reported, Stellar recently won the blockchain payment networks battle against Ripple due to a major shift in sentiment. Shortly before, on January 4, 2021, the Stellar Development Foundation had signed an agreement with the Ukrainian government to work together on a new digital asset ecosystem, including a digital central bank currency. The partnership immediately resulted in massive XLM growth, which resulted in a 30 percent daily gain on January 5th.
Despite the current rally, Stellar is still a long way from its all-time high of $ 0.78 on January 3, 2018.