Monero just $1 billion shy of overtaking Stellar’s market cap
Privacy-focused cryptocurrency Monero (XMR) is narrowing the market cap gap with Stellar (XLM) amid a strong bullish run. Monero’s market cap currently stands at $7.60 billion, while Stellar’s is at $8.77 billion, a difference of just $1.17 billion, according to data retrieved by Finbold from CoinMarketCap. Cryptocurrency market cap. Source: CoinMarketCap Currently, XMR ranks 20th by market capitalization, while XLM holds 15th. This shift comes amid a sustained rally for Monero, which has surged for seven consecutive weeks to reach $412 at the time of writing. XMR is up nearly 300% yearly from its lowest point in 2024. Monero’s ascent is remarkable given the hurdles it has faced, including delistings from major cryptocurrency exchanges such as Coinbase and Binance. Drivers of XMR rally Despite these setbacks, the cryptocurrency’s performance has been driven by growing interest in privacy-centric digital assets, particularly as oth...