The list of the 5 biggest cryptocurrencies by market cap was subject to changes as new crypto has just broken into the exclusive and prestigious circle of the 5 crypto leaders. Check it out!
5 biggest cryptos by market cap:
- Bitcoin – $111 953 331 834 market cap
- Ethereum – $21 464 269 250 market cap
- XRP – $20 954 721 878 market cap
- Bitcoin Cash – $9 277 028 157 market cap
- Stellar – $4 944 030 155 market cap
- EOS – $4 895 173 629 market cap
A quick look at the list reveals that the 5th position, which previously belonged to EOS, is taken by Stellar (XLM). As it stands, recently bullish XLM has steadily overrun EOS as the latter cryptocurrency decreased in value.
Below are the details on the performance of both digital currencies, XLM and EOS, over a month time period.
XLM (October 18 – November 13)
From October 18 till October 30, XLM saw a steady drop in price from $0.25 to $0.225. However, from the start of November, over the period of 11 days, XLM’s value significantly recovered to reach an impressive $0.28 on November 11.
Subsequently, it was followed by a noticeable drop in value for the next two days. As a result, as of November 13, the price of XLM stands at a low of $0,26.
EOS (October 18 – November 13)
On the other hand, during the timeframe between October 18 – October 30, the value of EOS fluctuated between $5.4 and $5.5, which was followed by its dramatic decrease to $5.15 on October 30.
Soon after this, over the next 7 days, the figure surged to reach $5.8 on November 7. Finally, over the following week, the price dropped quite sharply, and it currently stands at $5.3 per 1 EOS.
What caused the rise of XLM
Lately, Blockchain.com, the crypto wallet and information provider, announced a huge giveaway of $125 000 000 in XLM. Claiming, by doing this, Stellar intends to promote the mainstream acceptance of cryptocurrencies.
The community didn’t seem to welcome such a move from Stellar. This is evident in the tweets saying “this must be a scam” that started to mushroom on Twitter, with Pierre Rochard (Bitcoin Advisory founder) warning people against trusting such kinds of giveaways. Rochard argued that the company was in a dire need of revenue and for this reason, it was willing to “do anything for a quick buck”.
This disapproving tweet has been immediately refuted by Nicolas Carry, Blockchain’s co-founder. He responded that there was no scam involved and their intention was to really give away the crypto.
It is also worth mentioning that lately, EOS has been accused of its centralization nature. That said, a couple of days ago, the subscriber of Reddit (u/auti9003) shared a series of screenshots that underpinned the EOS moderator’s fraudulent actions. Specifically, the culprit is alleged to have accessed the private keys of the subscriber in question and made the EOS transaction with the owner being none the wiser.
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