Stellar Lumen (XLM) positions itself in 9th place at market capitalization. The price spike is a reason for the highest market capitalization.\r\n\r\nThe recent price increase affected the market capitalization of Stellar Lumens. The price of\u00a0XLM\u00a0soared with the overall cryptocurrency market. It began on January 3rd with a\u00a0$0.12\u00a0and went up to\u00a0$0.41\u00a0on January 6th. During this period, the market capitalization of XLM went up from\u00a014th\u00a0place to\u00a09th\u00a0ranking according to\u00a0CoinMarketCap. Since then, XLM is successful at keeping its place. At the time of writing, the price of XLM was\u00a0$0.29, and the market capitalization was\u00a0$6391 million.\u00a0XLM displayed a\u00a07%\u00a0increase during the day.\u00a0\r\n\r\n\r\nWhy Did the Price of XLM Increase?\r\nThere is quite a competition in providing blockchain solutions for organizations and companies. We know that Ripple also wants to promote central bank digital currency (CBDC) projects at banks. However, Stellar came into the spotlight in recent days. Stellar partnered with some banks to settle cryptocurrency projects. The partnership with the East-African b2b payment platform called\u00a0ClickPesa\u00a0in November. Also, Stellar was chosen as a partner by the German Bank\u00a0Bankhaus von der Heydt\u00a0to create euro stablecoin. Additionally, the\u00a0Ukrainian government\u00a0has chosen Steller to create\u00a0CBDC. All these projects add significant value to XLM. Also, it can be interpreted as a\u00a0win of XLM over XRP. In the context of rising prices for XLM, SEC shock XRP and it went down.\u00a0\r\n\r\nThe future for XLM seems bright if something unusual happens. It can break its all-time high in the following months.\r\n\r\n#coinsfera #cryptonews #cryptocurrency #buybitcoinistanbul #buybitcoindubai #buybitcoinkosovo #buybitcoinwithcash #sellbitcoinwithcash #buybitcoin #sellbitcoin\r\n\r\nDisclaimer: All information provided in the content is for informational purposes only and should not perceive as an investment, financial, or trading advice. Any investment decision you make should be a personal choice based on financial knowledge, experience, and market research.