The crypto market may not be in its most favorable shape, hitting low ends more frequently. However, it has not been able to impede the growth of the Stellar network. Stellar (XLM) has enjoyed remarkable growth in 2018, with a change in infrastructure, and high-end partnerships.

Stellar has seen a huge increase in the number of accounts opened over the last few months. As of January 1, 2018, there were 244,518 accounts on Stellar. As of June 1, 2018, the membership base of the Stellar network was pegged at 475,789. The growth of Stellar can be tied to a series of high-end announcements.

Over the last one months, Kin announced that it will be forking Stellar’s blockchain for scalability solution, Stellar (XLM) opened for trade on Bifinex, IBM adopted Stellar’s blockchain for its cross-border transactions, and Stellar announced that it will be implementing the Lightening network on the platform making it the first crypto project to integrate the Beta Version of Lightning Network.

These string of achievements and announcements in May alone confirms Stellar’s superior blockchain and is one of the pivotal reasons for the rocketing growth of Stellar over the last six months. The traction and attention Stellar Network is gardening is a good sign for future success. How has XLM performed in the market?

Market Performance of Stellar (XLM)

The project Stellar has progressed remarkably with its new innovation and collaborations, however, the frequent bearish trends of the crypto market continues to weigh the value of the Stellar Lumens (XLM) down. Today, June 5 has seen approximately 80% of all cryptocurrencies slump into the red.

Stellar (XLM) is one of the many affected by the cryptocurrencies affected by the faltering market. Trading against the USD, Stellar (XLM) is down by 2.85%. The decline now ensures that XLM now has a trade value of $0.2883 USD, and an estimated market cap of $5.356 billion USD, which makes it the 8 largest crypto.

The Impact of Stellar’s Rocketing Growth

The value of XLM may not be mooning as a result of the expanding membership base, but there has been some growth within Stellar. The daily trade volume of Stellar has been increasing progressively over the last one month, a sign of increased adoption and usage.

At the moment, Stellar Lumens (XLM) is one of the most undervalued and overlooked digital assets in the market. The poor performance of Stellar (XLM) may in the market not last long, as its current growth rate will be influential to its further growth when the crypto market pushes for a full recovery.

The activity on the Stellar Network has been on the steady rise with more companies turning to Stellar. Stellar recently announced the 7th edition of the annual Stellar Build Challenge (SBC) and a partnership with LALA World to create a global payment ecosystem.

These recent announcements have invigorated excitement among members of the Stellar community. The Stellar Team is beginning to get its marketing strategies right, a formerly neglected part of the Stellar Project.