Stellar’s STR currency has weathered the mayhem gripping crypto markets in 2015, in fact proceeding to new record highs.
During the past week, it has been trading in the neighborhood of 2,200 to 2,400 satoshi ($0.0046-$0.0050), at one point nearly breaking 2,500.
Admittedly, practically all of its bitcoin-denominated gains can be attributed to bitcoin’s USD-denominated losses. At its low last week, bitcoin had lost nearly 50% in 2015, roughly corresponding with STR’s 50% gains.
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We do see, however, that STR has at least held its ground in dollar terms during a period where many coins tend to amplify BTC losses. STR’s market cap, while dropping slightly, has thus kept above $15 million and advanced to 6th highest among cryptocurrencies. It is still a ways off from its $27 million peak from mid-December, when it enjoyed the luxuries of an advance past 2,400 satoshi plus a $300+ bitcoin price.
It has thus outperformed rival Ripple’s XRP, which has also kept near record levels in bitcoin terms but has yet to exceed them in 2015.
STR volume traded, however, has been lackluster: The equivalent of only $29,000 has crossed hands during the past 24hours, the 14th highest among cryptocurrencies.