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The broader cryptocurrency market is cheering the big win for Ripple in the SEC lawsuit with most of the altcoins witnessing a parabolic rally along with the XRP Price surge. Altcoins like Cardano (ADA), Solana (SOL), Polygon (MATIC), and Stellar (XLM) have skyrocketed the most each gaining anywhere between 25-50%.
Stellar Lumens surged to the highest level since April 2022 after the spectacular victory by Ripple Labs in a US court. XLM, its token, jumped to a high of $0.20, which was much higher than the year-to-date low of $0.075.
Let's delve into what happened with XLM, MATIC, and SOL and assess whether they present lucrative buying opportunities before a potential price surge.
Cryptocurrencies have witnessed remarkable gains, fueled by increasing institutional adoption and optimistic investor sentiment in the last month, with Bitcoin leading the charge.
Stellar lumen price started a downside correction from the $0.1180 zone against the US Dollar. XLM price is now trading below $0.1050 and the 55 simple moving average (4 hours).
In the past week, Stellar (XLM) experienced a decline in price, moving from $0.1 to $0.096. This represents a decrease of -13.42% in value.
BeInCrypto looks at the five biggest crypto losers in the entire crypto market this week, specifically from June 30 to July 7.
In the wake of the recent hype around growing institutional interest in digital assets, certain cryptocurrencies have been displaying promising trends and attracting significant investor attention
In the wake of some bearish trading sessions, Bitcoin has once again showcased its stability, despite a recent dip. This decline came on the heels of a robust ADP report that has increased the likelihood of the Federal Reserve hiking rates.
These are the three most undervalued cryptos that investors should watch, carrying massive upside potential and very little downside risk.
Stellar lumen price is rising toward the $0.120 resistance zone against the US Dollar. XLM price is now trading above $0.10 and the 55 simple moving average (4 hours).
Stellar (XLM), the decentralized blockchain platform aiming to revolutionize the world of cross-border transactions and digital asset transfers, has emerged as one of the most promising cryptocurrencies in today's market. With its recent surge, Stellar has garnered significant attention and is rapidly becoming one of the biggest gainers of the day.
Higher timeframe Stellar traders must be prepared for the possibility of a range instead of a breakout past a key resistance.
Many cryptocurrencies are on a bullish tear today, but when comparisons are made, some assets solving the same problems are significantly outpacing others within their own ecosystems. Riding on this note, Stellar (XLM) has outstripped its closest rival, XRP, in terms of price gains over the trailing seven-day period, per data gleaned from CoinMarketCap.
Stellar (XLM) has emerged as one of the top 5 altcoins in terms of price gains over the past week, benefiting from a broader crypto market rally. The surge in prices is largely driven by growing hopes of institutional adoption, as the cryptocurrency ecosystem continues to garner increased attention and interest.
Blockchain analytics platform Santiment says a handful of altcoins are experiencing mini-breakouts as Bitcoin (BTC) trades near $30,000.
Stellar (XLM) has recently experienced a remarkable surge, outshining various altcoins in the market. In a surprising turn of events, Stellar witnessed a staggering 17% increase in its value, giving investors and enthusiasts something to look forward to.
XLM's current price level reveals that it is deeply overbought according to the RSI. As such, we will likely witness some profit-taking.
Stellar (XLM) price has continued to surge as the broader crypto market sees correction. The token surprised market participants with interesting price movements over the past seven days.
In the ever-shifting environment of cryptocurrency, some assets are exhibiting encouraging signs and blockchain developments that make it worthwhile to examine them as prospective investments in the coming weeks.
As the broader digital currency ecosystem makes an attempt to wriggle out of its bear zone, Stellar (XLM) has grown to become the apparent top performer relative to other altcoins. The cryptocurrency is changing hands at a spot price of $0.1027, up by 9.77% over the past 24 hours.
The Stellar XLM market recorded a sharp uptick in daily traded volume on Wednesday amid the macro crypto downturns. The veteran crypto asset gained more than 30 percent in the past two weeks to trade around $0.102 on Wednesday.
Stellar (XLM) led the top 100 coins going into June 28, holding on to 9% gains over the last 24 hours as of press time. The chart below shows the price of Stellar rode the buoyant market uptrend due to recent Bitcoin spot ETF applications by legacy firms.
As bulls and bears continue to play tug-o-war on the cryptocurrency market, some of its assets are showing more potential than others to become good investments in the next few weeks, and some of them are still available at a low price of $1 per wholecoin.
