With volatility recorded in the crypto market thus far this week, Stellar has edged out SUI in market ranking. However, community members are optimistic in recovery for both coins.
Stellar (XLM), struggling earlier this week, has made a strong comeback, surging in price and pushing Sui (SUI) down in the market rankings.
XLM Displaces SUI in Market Position
According to CoinMarketCap, XLM has risen by 3.18% in the last 24 hours, now trading at approximately $0.327. Its trading volume has surged by 23.47% to $341.31 million, signaling strong investor confidence in the coin’s momentum.
In contrast, Sui (SUI) has seen its price drop by 6.60% over the same period, falling to $3.003. However, the coin’s 24-hour trading volume has increased by 7.16%, reaching $1.35 billion, which suggests that investors are still actively trading it.
XLM now ranks as the 13th largest cryptocurrency globally by market capitalization. With a total market cap of $10 billion, it edges out SUI, which currently sits at $9.96 billion.
Should XLM Be on Your Radar?
It’s worth noting that in the past 24 hours, Stellar (XLM) has seen a significant surge, creating a lot of excitement in the crypto community.
For instance, in a recent post on X, an XLM proponent @ZoneMemeCentral praised Stellar as a great coin, emphasizing that many people are unaware of how quickly its network is expanding globally.
In another comment, a crypto enthusiast mentioned that the lack of widespread discussion about Stellar has only increased his interest in buying more XLM.
These comments show that many in the community view the recent surge in XLM as a positive sign. Investors are growing more confident in XLM, with some looking to add it to their portfolios. An analyst predicted that XLM could recover up to 16% following this week’s volatility.
SUI’s Outlook Unfazed
Despite a sharp decline, SUI’s performance last month showed significant promise. Its market volume increased by 3.70% to $2.45 billion, maintaining investor optimism. SUI could recover in the coming days with a bounce-off from key support levels.
This aligns with predictions from BGECrypto last October, which described SUI as “the next big thing” due to increasing community engagement. These factors have kept investor interest intact, even during price dips.
Disclaimer: The information provided in this article is for informational purposes only. It does not constitute investment, financial, trading, or any other sort of advice. You should not treat any of BGECrypto’s content as such. BGEcrypto does not recommend that any cryptocurrency should be bought, sold, or held by you. Do your due diligence and consult your financial advisor before making any investment decisions.
