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A widely followed crypto analyst says that one rival of global payments network Stellar (XLM) is primed to skyrocket against Bitcoin (BTC).
It was a sea of red in the crypto industry as a sense of calm returned to the market after the encouraging US initial jobless claims data. The numbers showed that the claims dropped by 17,000 to 233,000 last week, better than what most analysts were expecting.
Stellar (XLM) flexes its muscles as it rose in price today, August 8th, going against the slowing market rebound that occurred after the market's dip that happened earlier this week. According to CoinGecko, XLM shifted upwards by almost 10% gaining in an environment where the majority of altcoins are still experiencing pain.
Stellar (XLM) price has increased by 9.15%, making it one of the top five altcoin gainers in the last 24 hours.
The spot CVD has also trended higher over the past three days, showing steady demand that could fuel a price breakout.
Stellar (XLM) started a strong increase above the $0.0950 resistance against the US Dollar. XLM price is gaining pace and might aim for $0.120.
Cryptocurrency prices staged a strong comeback in the overnight session as investors remained optimistic about the industry and the potential for a Federal Reserve intervention. Bitcoin price jumped to a high of $56,000, adding over 7000 points from its lowest point on Monday. Ethereum rose to $2,525.while Stellar Lumens (XLM) price rose to $0.
Stellar (XLM) Development Foundation's Q2 2024 report highlights significant growth in network addresses, asset tokenization, and Soroban smart contracts.
Stellar Lumens price has risen for two consecutive days, and some crypto analysts expect it to continue its comeback. Stellar (XLM) was trading at $0.
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Stellar (XLM) is capturing attention with a potential bullish reversal. The asset has recently completed a notable retest of the 23.60% Fibonacci level, igniting discussions about whether this could represent an ideal buying opportunity.
The Stellar network is an open-sourced, public blockchain powered by the Stellar Consensus protocol (SCP), a proof-of-agreement (PoA) consensus mechanism. The Proof-of-Agreement mechanism is a very interesting and individual take on the problem of attaining consensus in a permissionless distributed system (permissionless meaning that no central authority controls who joins the network).
The XRP mania that emerged out of the blue today was a complete shock to the cryptocurrency market. Within 24 hours, the popular cryptocurrency climbed to the top of the list of the most profitable digital assets on the market.
The value of XLM, the token that powers the peer-to-peer (P2P) decentralized network Stellar, is at risk of falling to its lowest since June 2023.
The Mantle token (MNT) has catapulted to new heights, showcasing a stellar 7% gain and setting a new all-time high (ATH). This surge in value, accompanied by significant trading volume, highlights Mantle's emergence as a standout performer in the digital asset landscape.
The Mantle token price surged recently, and its volume surged alongside.
Stellar (XLM) has introduced a groundbreaking solution known as State Archival. This innovative approach, unveiled by the Stellar Development Foundation, promises significant improvements in scalability, transaction speed, and overall cost-efficiency within the Stellar network.
Stellar Lumens (XLM) and Ripple (XRP) prices have underperformed Bitcoin and Ethereum this year. They have all dropped in 2024 while BTC and ETH have risen by almost 50%. Stellar has been the worst-performing tokens of the four as it dropped by over 20%.
Explore the scalability of State Archival on Stellar (XLM) and Solana's Avocado. Detailed analysis of network efficiency and congestion issues.
Stellar (XLM)'s State Archival aims to address blockchain state bloat, enhancing scalability, transaction speed, and cost-efficiency.
MOG Coin, Stellar and Decentraland are our top choices for cryptocurrencies to watch this week, following their contributions to the recent market rebound.
Story Highlights XLM's price could reach a maximum of $0.24 by the end of 2024. Stellar price could cross the $1 mark with a potential high of $1.289 by the end of 2030. The current price of Stellar is .
Stellar, a decentralized blockchain platform enabling seamless cross-border payments, has recently sent the crypto space abuzz. The blockchain's native token, XLM, gained nearly 12% today, garnering optimism across the industry.
Cryptocurrency prices stabilised during the weekend as traders focused on the conclusion of Germany's Bitcoin sales. Bitcoin held steady above $58,000 while Ronin (RON), Stellar Lumens (XLM), and Arweave (AR) rose by over 10%. Other top-performing coins were Maker (MKR), Immutable X (IMX), and Ripple (XRP).
