Even while the price of many cryptocurrencies is rising, there are some assets that are greatly outperforming others in their own ecosystems when it comes to tackling the same challenges. As a result, according to statistics gathered from CoinMarketCap, Stellar (XLM) has outperformed its nearest rival, XRP, in terms of price growth during the last seven days.
Stellar is currently trading at a price of $0.1074 after seeing a 24 hour gain of 6.73%, according to their individual price performances. On the other side, XRP’s price has decreased by 1.22% to $0.4643, indicating outperformance. The same is true for the week-to-date (WTD) period, when Stellar’s rise of 23% has surpassed XRP’s increase of 4.72%.
It is normal to observe a change in the dominance of one coin relative to another due to the volatility in the larger digital currency ecosystem. Notably, the continuing legal dispute over XRP’s classification as a security continues to be a deal-breaker for the cryptocurrency’s price stability.
On the other hand, XRP has struggled to keep up with the clear growth surge provided by Stellar’s stability.
Specific Stellar fundamentals
The Protocol 20 Upgrade is one of the most recent initiatives made by the Stellar blockchain to increase the functionality of its system. To remove uncertainty and misunderstanding about when transactions are approved on the network, the change will have an influence on how transactions are submitted to the protocol.
The update will typically have an effect on the transaction fee structure and tilt the Stellar network in favour of increased efficiency on all fronts. Stellar can achieve its ultimate goal of promoting financial inclusion and increasing smart contract utilisation all around if the correct technological foundations are in place.
