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Stellar Lumens (XLM) has become the third most popular cryptocurrency on Coinbase, the largest U.S-based cryptocurrency exchange. A Stellar fan shared the news on Twitter from the latest Coinbase data recently.
The token has been in the news lately not only because of its consolidated price movements but for the companyâs integration of the Lumens.
XLM is now available for Travala.com users who can book more than 3 million travel products using the token.
Stellarâs integration with Travala
With the integration, Travala, a crypto-based travel agency, is also the first merchant to integrate BinnancePay in its services. As a result, holders of the XLM token can benefit from the incorporation of BinnancePay on the platform.
 âYou now can use XLM to book +3M Travel Products Worldwide on Travala.com,â the company tweeted.
As the world slowly opens up again we are starting to see people travel againFind your perfect deal and book your hotel with #Stellar $XLM on https://t.co/CL8FxAXFXS#TravelAgain #BookWithXLM #Travala $AVA @StellarOrg @JedMcCaleb @DenelleDixon pic.twitter.com/RPSPrXCnAi
â Travala.com đš âïž đĄ (@travalacom) June 9, 2020
The past week has seen Stellar (XLM) retracted from its recent high of $0.44. It reached a low of $0.25 on March 25. However, it has now consolidated to nearly $0.44 level (currently trading at $0.379).
The sudden rise of the token, as well as the recent integration, has taken it to the top three spots among the most popular crypto assets on Coinbase.
On Friday, it was the fifth month popular. But the token has gone to third, replacing Decentraland (MANA) on the position.
Stellar partners with to launch CBDC
Last week, Grayscale, the worldâs largest Bitcoin fund added five new trusts based on altcoins, which includes MANA and FIL.
However, within the past 24 hours, FIL has surged by over 40% as investors and miners from China are drawn to the crypto asset.
Stellar was developed by Ripple cofounder Jed McCaleb, and the company has similar targets as its cousin Ripple Labs, including partnerships and remittances with financial institutions.
Stellarâs recent partnership with the Ukraine government for the countryâs digital currency has drawn increased interest in the token. There is now a sudden shift of prospective investors from Ripple (XRP) to Stellar (XLM).
The post Stellar (XLM) becomes third most popular crypto asset on Coinbase appeared first on Invezz.
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