The previous week was quite successful for Stellar Lumens as the coin has shown a significant price jump increasing almost 120% and the market capitalization of the coin exceeded $1 billion, as we reported on December 2.
On December 6, Stellar, the open-source network that lets users build low-cost financial products for their community, has made an announcement about its partnership with new and developing cryptocurrency exchange GOPAX, based in Seoul, Korea.
— Stellar (@StellarOrg) 6 December 2017
After the announcement the price of the coin started skyrocketing again as the coin rose 50% and moved to the 12th place in the list of cryptocoins ranked by market capitalisation, passing such major currencies as NEM, NEO, Lisk and Zcash.
List of cryptocurrencies ranked by market capitalisation
It seems like Stellar Lumens is developing in a positive direction as it has shown a 85% rise from $0,06 to $0,15 during past 7 days and its price continues to grow. During the last 24 hours Stellar Lumens rose from $0,09 to $0,16 and its market capitalisation increased from $1,7 billion to $2,8 billion.
Stellar Lumens Charts
At the moment of press, these are main market parameters of Stellar Lumens:
- Average price: $0.15
- Marketcap: $2 767 764 423
- 24h volume: $338 747 000
Previously, we reported that Korea is making plans to cancel the ban on ICO.