Stellar (XLM), which surged over 100% in the past week, has now witnessed a sharp decline in Open Interest. This drop in XLM Open Interest indicates waning enthusiasm among derivatives traders, potentially indicating a weakening in the recent rally's momentum.

Sky Mavis, the company behind Axie Infinity, is laying off 21% of its workforce as part of a strategic refocus. Laid-off Workers to Receive Job Placement Assistance Sky Mavis, the blockchain startup behind Axie Infinity, announced plans to lay off about 50 employees, or 21% of its workforce.

Grayscale Investments has reopened private placement in its 19 trusts including XRP, Solana (SOL), and Stellar (XLM) for eligible investors. Institutional and individual accredited investors may subscribe to private placements at net asset value (NAV), enabling them to hold for a specific period and sell them at the secondary market.

Jed McCaleb, founder of Stellar Development Foundation, has outlined key distinctions between Stellar and Ripple. This comes as Stellars XLM token hits multi-year highs, supported by its role in Wyomings WYST stablecoin initiative.

Based on data as of Nov. 26, the Altcoin Season Index (ASI) hosted on blockchaincenter.net is picking up steam, with standout performances from stellar (XLM), sui token (SUI), and mantra (OM), all posting impressive triple-digit increases.

Stellar's (XLM) price has been down over 10% in the last 24 hours but has remained up 94.07% in the past week, leading to gains among the top 100 cryptocurrencies. Indicators like the RSI and Ichimoku Cloud suggest weakening bullish momentum as XLM faces growing selling pressure.

Stellar Lumens (XLM) has been making waves in the cryptocurrency world recently, showing impressive performance against Bitcoin (BTC) throughout November. The price of XLM has climbed steadily, pushing its value to levels not seen in months.

Story Highlights The Stellar price has plunged ~15% in 24 hours and retests $0.40. Technical indicators record a mixed price sentiment, highlighting uncertainty this week. Bullish reversal could push the price toward the $0.60 mark.

Stellar Lumens ($XLM), which was on a roll last week after several high-profile endorsements by MasterCard, Franklin Templeton and even the UN, is now undergoing a sharp correction, as Cryptonews predicted yesterday. In the last 24 hours, the price of Stellar Lumens has collapsed by about 15.8% and it now trades at $0.4314.

On November 22, the Bitcoin market was at an all-time high of $98,975.79. Since then, the Bitcoin price has sharply dropped by around 6.16%. Interestingly, during the same period, certain Altcoins, including Ethereum, Sand and XLM, have witnessed growth. Importantly, the Altcoin market cap has slightly climbed by 2.38% during this period.

XLM outperformed Bitcoin in November but indicator signals caution.

Stellar's native cryptocurrency, XLM, has made headlines with one of the most impressive rallies seen in the market this month. After trading near historical lows at the start of November, XLM has defied expectations, climbing dramatically in price and reaching new all-time highs in certain key areas.

The firm's founder has stressed that the layoffs are not financially motivated.

Stellar (XLM) has been steadily gaining momentum in recent days, currently trading at $0.52 — a 127% increase over the past week.

Brian Q, an expert at on-chain analytics firm Santiment, shared his insights into controversies in retail sentiment in the past seven days. It looks like Bitcoin (BTC) might be disappointing for the crowd, while some old-school altcoins are in the spotlight again.

Stellar's XLM token has recorded a 180% weekly price increase and 480% monthly gain, reaching $0.566 with a $17.3B market cap, amid strong trading volume and technical breakout patterns.

The Stellar market has grown by at least 478.057% since November 5. The sharp surge in the price of XLM has grabbed the attention of the crypto community.

Sky Mavis is pushing for growth, and as part of this restructuring, it has downsized its workforce.

DOGE, XRP and XLM are the most traded cryptocurrencies on Upbit since Donald Trump's election victory. The latest activity points to a pivot toward metaverse tokens.

Axie Infinity creator Sky Mavis lays off 50 employees as part of broader efforts to adapt post-hack and market shifts.

Sky Mavis co-founder and CEO Trung Nguyen said resources freed up from the layoffs will be used in a new Axie Infinity game and other projects.

Sky Mavis cut 21% of its workforce to focus on core products, with the CEO claiming it wasn't due to financial issues. The post Axie Infinity Creator Sky Mavis Lays Off 21% as Part of Restructuring appeared first on Cryptonews.

XLM could be about to achieve a new high after switching up on the bears, in an effort that has seen perhaps the sharpest rally in the last three weeks.

Over the past week, Stellar native cryptocurrency, XLM, has experienced a solid 180% increase, causing a stir in the cryptocurrency market. As the token approaches its all-time peak, investors and analysts are abuzz with excitement.

Sky Mavis has laid off 21% of its workforce The web3 firm said the decision was not related to its finances.

The layoff reflects a strategic move to focus on its projects, including a new Axie Infinity game, according to its CEO.

As Bitcoin (BTC) closed the third consecutive week in the price discovery phase, the altcoin space gained significant bullish sentiment. During the past week, the altcoin market – led by Stellar Lumens (XLM), Decentraland (MANA), and The Sandbox (SAND), among others – registered palpable gains.

Here is how some of your favorite assets concluded the week.

Why Stellar, Polkadot and NEAR Protocol Were 3 Of the Biggest Crypto Winners This Weekend

Stellar's XLM surges over 80% to $0.55, as analysts predict the cryptocurrency could reach new heights amid bullish momentum.

As Bitcoin (BTC) continues its march toward the highly anticipated $100,000 milestone, the broader cryptocurrency sector is regaining upward momentum, with Stellar (XLM) emerging as a standout performer.

Jed McCaleb, the co-founder of Ripple Labs and the creator of Stellar, recently shared his insights on why he believes XLM is one of the most underrated cryptocurrencies. McCaleb highlighted that Stellar already processes more daily transactions than most other blockchains, handling 10 times the volume of Ethereum.

This week's 'top cryptocurrencies to watch' are all from the gaming market segment: Sandbox, MANA and Axie Infinity.

According to CoinGecko data, Stellar (XLM) has managed to surpass Shiba Inu (SHIB) by market cap following a massive rally.

XLM is by far the top performer from the larger-cap alts.

Stellar price has seen a remarkable surge, climbing over 80% in the last 24 hours, rising to number one in the top gainers. The bullish momentum has pushed XLM from $0.302 to a peak of $0.55, as traders and analysts anticipate the possibility of the asset nearing the $1 mark.

Stellar (XLM) rockets 50% in 24 hours, reaching $0.43 after following the bullish momentum of XRP and ADA. Is $1 now in sight?

Stellar (XLM) has experienced a 50% price surge over the past 24 hours, making it the top-performing asset during this period. This surge can be attributed to the recent 10-K filing submitted by Grayscale Investments LLC for its Grayscale Stellar Lumens Trust.

Stellar Lumens (XLM), a core native cryptocurrency, has spiked by 56% overnight. Its capitalization hit $13.1 billion, which is higher than that of Polkadot (DOT) and Chainlink (LINK).

Stellar Lumens price continued its remarkable bull run, making it one of the best-performing cryptocurrencies in the industry. Its XLM token has gone parabolic, rising for four consecutive days, and reaching its highest level since 2021. It is up by more than 523% from its lowest level last year.

Stellar's 220% surge faces key resistance at $0.3—will bulls push higher, or is a pullback inevitable?

With a massive jump of 120% this week, XLM's price is now trending at $0.4325. This marks the very successful bullish continuation of the 81% surge last week. Will the uptrend in action drive the XLM price to $1? Find out now in Coinpedia's Stellar Lumen's Price Analysis. XLM Price Hits $0.

Altcoins posted significant gains this week buoyed by Bitcoin's rally.

Cryptocurrency Prices Today, November 23: The broader market movement on Saturday sparked bullish momentum globally. Bitcoin remains steady at $98K, while major altcoins like ADA, XRP, and AVAX surged between 14% and 25%.

This week, the crypto economy soared to an astounding $3.29 trillion. Bitcoin (BTC) rose by 10%, while ether (ETH) followed closely with a 9% uptick. Meanwhile, a wide array of alternative digital currencies posted impressive gains, with many achieving growth in the double- and even triple-digit range.

Stellar Lumens (XLM) has been on an impressive upward trajectory recently, drawing attention for its rapid price surge. With high-profile collaborations and endorsements from the United Nations and the World Bank, XLM is positioned as a key player in the future of global finance.

Dogecoin hit its highest price in over a week, but other altcoins are seeing massive gains as Bitcoin approaches the $100,000 milestone.

Stellar Lumens continued its strong comeback, rising for three consecutive weeks and reaching its highest level since 2021. Stellar (XLM) price jumped to $0.3052, driven by the ongoing cryptocurrency bull run and the fear of missing out.