Stellar Surges Past Bitcoin Cash in Market Rankings
Stellar ($XLM) has made significant gains in recent days, surpassing Bitcoin Cash ($BCH) in crypto market capitalization rankings. The surge comes after a weeklong rally that began following a golden cross on Stellar's daily chart over the past weekend.
In the last 24 hours alone, Stellar ($XLM) has risen by over 13%, with its market valuation now sitting at $7.55 billion. This puts it in the 16th spot, just above Near Protocol (NEAR), which has a market cap of $6.66 billion.
The jump is attributed to improvements made through the Adapter (Protocol 28) upgrade on Mainnet, which was launched on September 16. The update brought faster consensus, improved atomic upgrades for fleets of contracts, and enhanced safety for contract data migration.