Among the top 10 crypto by market capitalization, Stellar (XLM) is leading the pack of gainers having appreciated by nearly 10% in the last 24 hours. This coincides with an announcement by Coinbase Pro listing the cryptocurrency in New York.
Stellar (XLM) recovers from yearly low
After falling against the U.S. dollar to a yearly low of $ 0. 052 earlier this week, Stellar has now recovered to $ 0. 0603 after posting gains of 9. 22% on Thursday.
The gain in pricecoincides with cryptocurrency exchange Coinbase Pro announcing that Stellar will now be available for trading on the platform in New York with no restrictions.
The plunge in Stellar’s price earlier this week came after the altcoin had surged to a two-month high of nearly $ 0. 09 last week after appreciating by about 30%.
Besides its price, Stellar’s volumes have also surged by 12. 58%. This is the largest increase among the leading 10 cryptocurrencies by market capitalization, perCoincap (**********.
Stellar’s availability on Coinbase Pro in New York comes around five months since Coinbase Wallet started supporting the cryptocurrency. It also comes six months since the altcoin wasmade availableon Coinbase Pro in the exchange’s supported jurisdictions but with the exception of the state of New York.
ALGO and LINK also welcomed in Big Apple by Coinbase Pro
Besides Stellar, Coinbase Pro also announced other altcoins that the exchange would be making available for trading in New York without any restrictions. This includesAlgorand(ALGO) andChainlink(LINK).
However, unlike Stellar the two altcoins did not benefit significantly after the announcement. Chainlink which is ranked 18thby market cap has appreciated a paltry 1. 66% within the last 24 hours, according toCoinMarketCap. Algorand, on the other hand, has actually depreciated. In the last 24 hours the cryptocurrency which is ranked 64thby market cap has dropped by (%.
) Both Chainlink and Algorand have been available on Coinbase and Coinbase Pro respectively for weeks now. Algorandlaunchedon Coinbase Pro in mid-August in supported jurisdictions (with the exception of New York State). Chainlink becameavailableon Coinbase in late June in most jurisdictions except New York.
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