The price of Stellar jumped 33% on Tuesday after the inclusion of the token at cryptocurrency exchange OKEx.
It was a good month for projects based jed Machalaba. Former project developer – Ripple, showed the best performance among all the cryptocurrencies in 2017, the price of the token increased by nearly 1000 percent since the beginning of December.
Meanwhile, Stellar is the current project of machalaba, without any noise climbed to eighth place in the ratings, and its market capitalization currently stands at just over $ 10 billion. Last week, the Stellar price has increased more than two times, from 0.22 per U.S. dollar on December 26 to $ 0.56 January 2, and the growth on Tuesday was 33 percent.
The majority of transactions XLM have on the trading pairs with BTC and the volume is fairly evenly distributed between Binance, Bittrex and Poloniex. The price of Stellar is also quite stable on these exchanges, and the spread between the pairs BTC and USDT is only two percent.
Listing on OKEx
Price growth is largely the result of the addition of Stellar to the cryptocurrency exchange OKEx. OKEx announced the addition of a Stellar 28 December, and the price began to rise shortly after the start of trading on XLM for the next day.
Still, trading volume was small – in the last 24 hours the volume on OKEx amounted to little more than $ 1.4 million, but it is likely to increase as investors return from holidays.
In addition to listing on OKEx, Stellar has also benefited from the recent announcement of partnership with service payment processing in cryptocurrency Pundi X, which increases access XLM in Indonesia and could potentially lead to increased usage of Stellar as a tool of international trade with the participation of RS.