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Stellar (XLM) It is quickly closing in on the Shiba Inu (SHIB) in the cryptocurrency market rankings after an impressive 35% price rise. The recent surge has pushed Stellar to 16th place with a market cap of $13.65 billion, behind the Shiba Inu's valuation of $14.22 billion.
Over the past week, XLM has gained significant momentum, rising for five straight days since January 1. The rally has taken the price of XLM to a nearly three-week high, last seen since December 8, marking a strong start to the year. 2025.
XLM saw a sharp rise on the first day of 2025, marking one of the most notable crypto rallies at the start of 2025. Stellar coin rose from lows of $0.331 to highs of $0.44, rising more than 30% at the start of Year 2025. The year.
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Bulls did not relent, pushing XLM price to highs of $0.441 on January 4 in a four-day rally before pulling back slightly. The rally pushed XLM beyond the daily 50 simple moving average at $0.4419, near where it is currently trading.
At the time of writing, XLM is up 2.44% in the past 24 hours to $0.45 and by 35.6% in the past 7 days. Since January 5, XLM has fluctuated in a range between $0.431 and $0.456, as the price waits for its next directional move.
Shiba Inu is still in the lead
Despite Stellar's impressive rise, Shiba Inu It still leads with a market capitalization of $14.22 billion, ranking it as the 15th largest cryptocurrency, according to CoinMarketCap data. SHIB also rose at the beginning of 2025, benefiting from positive sentiment in the cryptocurrency market and the Shiba Inu ecosystem.
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SHIB has seen four straight days of gains since December 31, reaching a high of $0.00002492 on January 4 before pulling back. At the time of writing, SHIB is up 1.36% in the past 24 hours to $0.00002398 and by 15% in the past 7 days.
The Shiba Inu Layer 2 solution, Shibarium, achieved a significant milestone at the beginning of 2025. As of the time of writing, Shibarium has surpassed 2 million wallet addresses, marking a major milestone for the Shiba Inu Layer 2 platform.
The Shiba Inu community is counting down to January 14, following the announcement of the official TREAT X account over the weekend.
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