In the last 24 hours, the Stellar (XLM) coin has soared 60% in price and made its way into the top ten alto coins.
For the first time since November 2018, the XLM rate has exceeded $0.2. Digital currency capitalisation rose to $4.234 billion on Wednesday 25 November.
Analysts attribute the growth of capital investment in XLM to the successful renewal of the project network. The new version of the blockchain has been available to users since 23 November. The developers have already announced this.
The community voted in the middle of this month to activate Protocol 15. This resulted in the introduction of options that make it easier to launch Stellar-based applications.
Almost immediately after the vote, the climb of the cryptographic currency began. For example, it was only on 21 November that XLM almost doubled in price.
Rapid growth began to emerge after the software update. In weekly terms, the price of altokoin increased by 125%. Stellar appeared on the list of the best performers of this altseason.
Jed McCaleb’s team, which launched the Stellar network back in 2014, is constantly improving its crypto project. The developers have repeatedly emphasised that their task is to reduce the cost of crossborder payments made on the basis of a blockbuster.