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Mehab Qureshi

Stellar Surges 51% Outperforming Bitcoin And Ethereum After Ripple’s XRP Ruling

Stellar XRP Ripple Bitcoin Ethereum Coinbase Gemini Kraken United States XLM

The Stellar (XLM) logo seen displayed on a smartphone screen. Stellar experienced a significant surge on Thursday evening. (Rafael Henrique/SOPA Images/LightRocket via Getty Images)

Stellar (CRYPTO: XRM) on Thursday evening experienced a significant surge, outperforming top cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) by gaining 51% in the last 24 hours.

This surge comes in the wake of a recent court ruling that determined Ripple’s XRP token to be an investment contract when sold to institutional investors.

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