Why XLM Is Plunging While Bitcoin Booms

Since the turn of the year, Stellar (XLM) is the only major cryptocurrency not to have increased in price.

While that sinks in, bear in mind that most coins in and around the 12th ranked XLM have recorded anywhere between 100% and 1,100% growth during the same period.

So after a “stellar” year in 2018, which brought increased institutional adoption and major tech partnerships for the crypto project, why is Stellar now lagging behind?

Casting an eye back to the final six months of 2018, Stellar regularly grabbed headlines by outperforming the rest of the crypto market. So much so, in fact, that while the rest of the market declined from summer to winter, XLM’s value actually increased.

Reference: https://www.ccn.com/crypto/stellar-only-crypto-in-red-2019/2019/07/06/

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