As observed, on 19th July the market caps of XLM, LTC and ADA are not too far from each other.
A few days ago, XLM was ranked at #7 on CoinMarketCap. As observed, the 69% pump that the coin received from 14th July onwards has led XLM a step closer to the top 5 club.
On 13th July, Stellar Lumens [XLM] started its day with the price of $0.180 and a market cap of $3.380. Under 7 days, the coin surged over 69.75% that resulted in an increase of $2.398 billion in its market cap.
This increment of the market cap of Stellar Lumens in the past one week is more than the market cap of over 1200 cryptocurrencies listed on CoinMarketCap.
In the current bullish market, Stellar Lumens has been the top gainer considering its jump over Litecoin and the decreased margin towards entering the top 5 league.
On the other hand, Litecoin [LTC] has been on a slow rally over the past week.
On 13th July Litecoin was traded at the price of $76.50 with a market cap of $4.388 billion. The coin kept increasing ever since the market turned bullish, yet was taken over by an opponent racing faster.
From the 13th to the 19th of this month, Litecoin had an increase of over $677 million in its market cap. Although the rate is great, it was not enough for the coin to hold its position at #6. This resulted in it being taken over by Stellar Lumens and is now closer to Cardano [ADA] by market cap.
On 16th July, Litecoin Foundation announced a partnership with TokenPay, a decentralized exchange in which they will be acquiring a 9.9% stake. The foundation will be doing the technical work and provide marking support for TokenPay and integrate with the bank as a part of the deal.
Cardano [ADA] followed the bulls trail as it pumped over 48.56% in the past 7 days.
Cardano [ADA] 7-day chart | Source: CoinMarketCap
As noticed, Cardano has an incline in its 7-day chart. On 13th July the coin was traded at $0.125, with the token seeing a slow and steady rise, the coin climbed up to its current price at $0.187. In the short span of a week, the coin’s market cap increased from $3.244 billion to $4.849 billion. The difference when calculated shows an upgrade of $1.605 billion.
Considering the current pump rate of Cardano the coin holds the potential to take over Litecoin. At the time of writing, Cardano shows no decline in its trading price. The hourly, daily and weekly cap are running green at 0.82%, 3.69% and 48.82% respectively.
On 16th July, Cardano [ADA] released an update on the Shelley project. The primary goal of Shelley release was to upgrade the network to operate in a decentralized fashion. The project consists of three main functions: incentives, delegation, and networking.
At the time of press, Stellar Lumens has a market cap of $5.811 billion, Litecoin and Cardano are at $5.050 and $4.833 billion respectively. The difference between the market cap of Stellar Lumens and Litecoin is $761 million and the gap between Litecoin and Cardano is $217 million.