Stellar (XLM) and Hedera (HBAR) tokens rallied the most among the top 20 cryptocurrencies by market cap in the past seven days, attracting accolades from the Cardano founder.
Charles Hoskinson, who is big on cross-chain collaboration over rivalry, took to X to congratulate the XLM and HBAR communities, as the tokens’ prices react to the bullish market conditions. He applauded the projects for “weathering the storms” in recent years and showing commitment to building regardless of the obstacles.
XLM and HBAR Win Big
Following Bitcoin’s continued rally to new all-time highs, altcoins are beginning to pick up. While several others, including XRP and SUI, performed well, Stellar and Hedera stand out. For context, XLM is up 11% in the past 24 hours, while HBAR has rallied 17% in the same timeframe.
Meanwhile, the duo’s gains look even more appealing over the past seven days. Stellar is up a staggering 93%, rallying from $0.25 at the start of last week to a high of $0.51 before retracing to its current price of $0.48.
Hedera followed a similar trajectory, rallying 55% in the past seven days. HBAR started its flight from $0.16 last week and closed at $0.24, up 51.42%. It has also started this week on a high, rallying to $0.25 before dropping to its current price of $0.24.
Interestingly, although Stellar and Hedera surged alongside each other, they have no direct relationship. Nonetheless, their utility overlaps, as both projects offer different use cases in the digital transaction scene.
Hoskinson’s Advocacy to End the Zero-Sum Crypto Game
Notably, Hoskinson’s comments drew accolades not just from the Stellar and Hedera communities but from the broader crypto scene. Several reactions commended the Cardano founder’s effort to embrace cross-chain collaboration over rivalry.
Remarkably, Hoskinson has been in this game for a while now. He revealed that it was time for the crypto space to build together and displace the zero-sum game observed among some founders and their proponents.
The Cardano founder has progressed in this newfound principle, recently meeting with major stakeholders of other chains for a possible collaboration. For context, he met with Jed McCaleb, the creator of Stellar and co-founder of Ripple, last November, sparking speculations that something could be brewing.
Hoskinson has also held several discussions with Ripple stakeholders. He confirmed a meeting with Ripple CEO Brad Garlinghouse and revealed that he would love to unlock DeFi on the XRP Ledger while bringing the RLUSD stablecoin to Cardano.
His collaborative initiative has also attracted praise from prominent crypto attorney John Deaton. He commended Hoskinson’s solo effort to end the tribalism that has plagued the crypto industry for years, following Hoskinson’s meeting with the Flare Network team.
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