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Stellar ($XLM) is rapidly closing in on Shiba Inu ($SHIB) in the crypto market rankings after an impressive 35% price surge. The recent rally has propelled Stellar to 16th place with a market value of $13.65 billion, just behind Shiba Inu's $14.22 billion valuation.
Over the past week, $XLM has gained significant momentum, rallying for five days at a stretch since Jan. 1. The surge brought $XLM’s price to a near three-week high, last seen since Dec. 8, marking a strong start to the year 2025.
$XLM saw a sharp surge on the first day of 2025, marking one of the most notable rallies in the crypto space at the start of 2025. Stellar surged from lows of $0.331 to a high of $0.44, gaining over 30% at the very start of the year.
Bulls did not relent, driving the $XLM price to highs of $0.441 on Jan. 4 in a four-day rally before slightly retreating. The rise pushed $XLM beyond the daily SMA 50 at $0.4419, near where it currently trades.
At the time of writing, $XLM was up 2.44% in the last 24 hours to $0.45 and up 35.6% in the last seven days. Since Jan. 5, $XLM has fluctuated in a range between $0.431 and $0.456 as the price awaits its next directional move.
Shiba Inu still remains ahead
Despite Stellar’s impressive rise, Shiba Inu still remains ahead with a market capitalization of $14.22 billion, ranking the 15th largest cryptocurrency, per CoinMarketCap data. $SHIB has likewise risen at the start of 2025, benefiting from the positive sentiment on the crypto market and the Shiba Inu ecosystem.
$SHIB saw four straight days of gains since Dec. 31, reaching a high of $0.00002492 on Jan. 4 before retreating. At the time of writing, $SHIB was up 1.36% in the last 24 hours to $0.00002398 and up 15% in the last seven days.
Shiba Inu's layer-2 blockchain solution, Shibarium, has achieved a significant milestone at the start of 2025. As of writing time, Shibarium has surpassed tow million wallet addresses, marking a major achievement for the Shiba Inu layer-2 platform.
The Shiba Inu community is counting down to Jan. 14, following an announcement by the official TREAT X account over the weekend.