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Alt Season: ETH, XLM, and ICP Tokens Skyrocket in Price

Published 05/11/2021, 04:28 AM
Updated 05/11/2021, 04:30 AM
Alt Season: ETH, XLM, and ICP Tokens Skyrocket in Price

  • Stellar (XLM) and Ethereum (ETH) record significant gains.
  • Dfinity has listed its ICP tokens on Coinbase Pro.

Furthermore, Dfinity has listed its ICP tokens on Coinbase Pro. As a result, Dfinity which markets itself as an ‘internet computer’ has found itself ranked as one of the largest cryptocurrencies.

Notably, Stellar is a project created in 2014 by longtime crypto entrepreneur Jed McCaleb. In October, Stellar added support for the stablecoin USDC, part of an effort to get into dollar-backed remittances. Outstandingly, XLM is worth $0.64 at the time of writing.

I think the fact Stellar added stablecoin on- [and] off-ramps helped a lot to boost the price.

said investment manager, Constantin Kogan.

Ether, the second-largest cryptocurrency by market capitalization, is currently changing hands at $3.987 at the time of writing. In detail, Ether hit a new all-time high price on Monday at $4,221 at around 08:45 UTC (12:45 p.m. ET).

Additionally, on Monday, ether’s dominance, or its share of the total crypto market capitalization, crossed 20%. This is the first time in three years.

This article was first published on coinquora.com

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