Stellar Overtakes Bitcoin Cash as Bulls Drive 13% Price Surge

Stellar's (XLM) market capitalization has surpassed that of Bitcoin Cash (BCH), marking a significant shift in crypto rankings. This comes as Stellar sees a 13% climb over the past 24 hours, building on a week-long rally.

The move puts Stellar two spots above BCH in crypto market rankings, with XLM ranking 16th largest and BCH at 18th. According to CoinMarketCap data, Stellar's market capitalization stands at $7.55 billion, while BCH has a valuation of $6.61 billion.

This surge in XLM's price comes after a major upgrade on the Stellar network, known as the Adapter (Protocol 28) upgrade, which brought improvements such as faster consensus and performance gains. The upgrade allowed ledgers to close in about 5 seconds, up from around 5.7 seconds previously.

Bitcoin Cash, meanwhile, saw its price surge earlier in the week after CME Group announced plans to launch BCH futures on October 19, pending regulatory review. However, BCH has since retreated, with prices down 4.53% over the past 24 hours.