chepicap.com
Stellar (XLM) is currently the best perfoming token on the top 10 cryptos. With gains of over 10% for the day, the token is leaving behind most of the cryptos on the same range, meanwhile extending their ongoing bull run which started a few days ago.
As the graph below shows, extracted from CoinMarketCap, the ascension of Stellar did not started today. Apparently, the price surge began last Friday, and since then it went from 0.0085 all the way up to its current 0.099. Stellar’s market capitalization has also increased from $1.6 billion up to $1.9 billion. Its gains for the last 24 hours exceeded 10% at writing time.
On the Stellar (XLM) subreddit, many commenters are mentioning the possibility that the latest pump is due to a big announcement at the upcoming Money 20/20 event. Jed McCaleb, co-founder of Stellar Development Foundation, is already appointed as a speaker for the U.S. edition of the fintech-centered event.
Interestingly, Jesse Lund, blockchain VP of IBM, will also be present at the same event. As Chepicap reported earlier, both companies might be up to something, judging from Lund's latest comments.
Read more: IBM exec lets slip details of partnership with Stellar (XLM)
The Asian edition of Money 20/20 is much closer down the road than the U.S. one, as it will be taking place between the 19th and the 21st of March, meanwhile the U.S. one is scheduled for October.
Other recent news, just from three days ago, could have provided a significant boost to the current pump of Stellar. As Chepicap reported, the German firm Boersenmedien AG acquired a stake in payments processor company SatoshiPay, which already has agreements in place with firms such as Axel Springer, the largest publishing house in Europe, to accept Stellar payments for content.
Read more: Coinsquare acquires XLM trading app StellarX; Largest European publishing house to accept Stellar payments for content