Usman Salis
Stellar (XLM) bounces back with a nearly 6% price jump after weathering market jitters, putting it on a collision course with Shiba Inu (SHIB) in the battle for crypto market cap supremacy.
Stellar (XLM) Shakes Off Volatility Fears with Solid Comeback
Remember when everyone was panicking about Stellar's chances? Well, XLM just proved the doubters wrong. The XRP rival has staged an impressive 6% recovery, and now it's gunning for Shiba Inu's position on the crypto leaderboard.
Traders were biting their nails over whether XLM could crack the $0.3161 ceiling and keep climbing. Turns out Stellar had some fight left in it after all. The comeback story is gaining steam, and SHIB might need to watch its back.
Price Action and Trading Volume Put XLM on SHIB's Heels
According to CoinMarketCap's latest numbers, Stellar (XLM) has climbed to $0.3242 – that's nearly 6% up in just 24 hours. Even more telling? Trading volume shot up almost 12% to $378.05 million. That's a lot of fresh money pouring in.
Meanwhile, Shiba Inu isn't exactly setting the world on fire. Sure, SHIB's still sitting pretty with its $9.9 billion market cap, but it's only grown by 4.64% – substantially lagging behind XLM's healthier 6.99% jump. If these trends hold, it won't be long before we see a flip in the rankings.
The charts are backing this up too. XLM's technical patterns are screaming "breakout ahead," which could give it the extra push needed to leapfrog over SHIB in the standings.
Bullish Bets Pile Up as XLM Open Interest Explodes
Money talks, and right now it's speaking volumes about Stellar's prospects. Open Interest – basically a measure of how much skin traders have in the game – has surged nearly 14% in 24 hours.
Traders aren't just dipping their toes in; they've plowed $218.50 million into securing 663.62 million XLM. That kind of confidence doesn't come out of nowhere. People are betting big that Stellar has room to run, and they're putting their money where their mouths are.
This isn't just random speculation – it's a concrete vote of confidence from people with real cash on the line. When Open Interest jumps this dramatically alongside rising prices, it usually means the rally has legs.
Whale Movements Could Seal the Deal for XLM's Rise
Here's where things get really interesting. Stellar seems to be following XRP's growth playbook, and that could trigger the big fish to start moving. If XLM's whales decide to make waves, we could see trading volume explode overnight.
One good push from these heavy hitters could be all it takes for Stellar to finally overtake Shiba Inu. The dominoes are already lined up – increased retail interest, technical breakout signals, and growing institutional confidence. Add some whale action to the mix, and SHIB might find itself looking up at XLM in the rankings sooner than anyone expected.
The stars seem to be aligning for Stellar. With solid fundamentals, increasing interest, and the technical picture looking increasingly bullish, XLM has positioned itself perfectly for a move up the crypto ladder. If you've been sleeping on Stellar, these next few days might make you wish you'd paid closer attention.
The crypto market never sleeps, and these rankings can flip faster than you can say "market capitalization." For now, though, all signs point to Stellar (XLM) being the one to watch in this high-stakes game of crypto musical chairs.
Usman Salis
