Stellar (XLM) Holds Past Week Gains As Bear Taking Control Of The Market

Name	Symbol	Market	Market Cap ($)	Algorithm
Stellar Lumens	XLMUSD	Crypto	3,035,876,805	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Stellar Lumens

XLMUSD

Crypto

3,035,876,805

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.004957	-4.43%	0.107008	0.106942	0.106983

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.004957

-4.43%

0.107008

0.106942

0.106983

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.11284	0.1065	0.111781	0.111965	0.075183 - 0.195300

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.11284

0.1065

0.111781

0.111965

0.075183 - 0.195300

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	12:53:52	950.00	0.106997	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

12:53:52

950.00

0.106997

USD

Price x Volume	Volume	Base Symbol	Related Pairs
5,563,255.11	50,469,615.56	XLM	XLMEUR	XLMGBP	XLMBTC

Price x Volume

Volume

Base Symbol

Related Pairs

5,563,255.11

50,469,615.56

Stellar (XLM) Holds Past Week Gains As Bear Taking Control Of The Market

11/09/2023 12:00pm

NEWSBTC

All eyes are on Stellar (XLM) as it breaches the $0.12 resistance despite the massive onslaught in the crypto market. The token managed to hold its past week’s gains while Bitcoin and other top coins maintained consistent bearish momentum. Stellar’s current price reflects the growing demand and interest in its payment solution, which is a plausible reason behind its strength. Moreover, excitement is high among XLM investors as the Stellar network prepares for a game-chaining announcement on Tuesday. XLM Soars Amid Heightened Speculation In The Stellar Ecosystem XLM has been bullish since September 2 following Stellar.org’s announcement that “something cool is coming” to the network in 10 days. Following this announcement, XLM’s price increased by 10%, climbing from $0.1135 to $0.126. Related Reading: Solana (SOL) Price Plunges On FTX Rumors, Buy Or Sell Now? It maintained the momentum, though with a few dips, reaching $0.134 on September 10. This price move marked a nearly 20% increase from the month low of $0.1117 recorded on August 17. Furthermore, Stellar Network continued to tease the community with the countdown to the mysterious announcement, as a September 7 tweet also teased that change is underway as the upcoming brand will introduce Stellar to the real world. The Stellar community is abuzz with anticipation as enthusiasts await the unraveling of the mystery. Some community members speculate that the upcoming announcement could be related to a partnership with Apple. In a recent report, Stellar dominated all layer-1 networks in tokenized treasuries by market cap, surpassing Ethereum and Polygon. The August 23 tweet shows that Stellar recorded a tokenized treasury market cap of $304 million. Ethereum, on the other hand, recorded a Treasury market cap of $291 million, while Polygon followed with $24 million. This report presents Stellar as a leading real-world asset tokenization network, a plausible reason behind XLM’s price increase. Price Outlook: XLM Slips Off $0.13. Will It Rebound? Over the past 30 days, Stellar’s XLM embodied the resilience lacking in the broader crypto market. While most coins surrendered all past gains, XLM held on, bucking negative market sentiments and soaring new highs. However, the rally has stalled, and the token currently holds over 3% price decline in the last 24 hours. But it still retains 1.78% gains in the last seven days. Stellar has slipped off the newfound support at $0.134 and now trades at $0.1272. This downslide suggests two things. Firstly, the hype around the mysterious announcement must have dwindled. Secondly, XLM could have succumbed to the bearish pressure present in the broader crypto market. Related Reading: SOL Price Prediction: Solana Takes Hit and Could Dive To $15 Nonetheless, XLM is in a critical conjecture, as the outcome of the next 24 hours will determine its price trajectory. If the announcement is bullish enough, XLM could witness a positive momentum shift with a massive upswing above the $1.3 price. Featured image from Pixabay and chart from TradingView.com

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XLMUSD Stellar Lumens