Stellar Lumens (XLM), the 18th largest cryptocurrency by market capitalization, recently got a priceless mention on CNBC, an American pay television business news channel owned by NBCUniversal News Group, alongside Bitcoin (BTC) and Ethereum (ETH).
The exciting development was brought to the notice of the community by Stellar XLM Türkiye and retweeted by a Stellar enthusiast, Sam Conner.
With excitement, Sam Conner tweeted, “We FINALLY get on the “list” on CNBC!!!!! I’m telling you folks the ones that know about real use case know about Stellar. This is just the beginning of the awakening.”
We FINALLY get on the “list” on @CNBC!!!!! I’m telling you folks the ones that know about real use case know about @StellarOrg. This is just the beginning of the awakening #XLM #StellarGlobal https://t.co/bKDi9Y6H3n
— Sam Conner the Stellar Lumenaut #XLM (@samconnerone) June 16, 2021
The responses of some Stellar community members explain the significance of the mention better.
A user who sees this as a big deal for the community wrote, “Mainstream adoptions happening right under our nose! Don’t sleep on it!”
Another user also wonders what it would cost to place an Ad on the well-followed news outlet, seeing the mention as a boost to Stellar Lumens ecosystem.
Stellar Lumens (XLM) and Other Cryptocurrencies in the Market
Over the past couple of weeks, the crypto market led by Bitcoin (BTC), has been swinging without stability. Currently, the market trend is in the red and the top 20 cryptocurrencies, including Stellar Lumens (XLM), are bowing to the force of the bears. No one knows how long this would last.
Obviously, the crypto market still depends on the price trend of Bitcoin (BTC). So, the recovery of other cryptocurrencies depends on when Bitcoin bottoms and resumes a positive trend.
This also applies to the trend of Stellar Lumens. At the time of filing this report, XLM is trading at $0.3196, with a relatively 5% price downtrend in the last 24 hours.