Stellar Makes Progress On Roadmap, Why XLM’s Price Lags Behind?
Stellar (XLM) has been following the general sentiment in the market and trending to the downside in the last 24 hours. Bitcoin, Ethereum, and other larger cryptocurrencies were rejected at critical resistance levels and now seem poised to push the sector into support. At the same time, the Stellar Development Foundation (SDF) published its Q2, 2022, report celebrating “steady progress on its 2022 roadmap”. The non-profit organization claims the network has experienced improvements in terms of scalability, demand, and participation. One of this quarter’s major milestones is Project....
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A new market-cap–based Elliott Wave study from independent chartist Quantum Ascend (@quantum_ascend) argues that Stellar’s native token XLM is positioned for a fifth-wave advance that could lift its valuation roughly 5x from here. In a video published on September 10, the analyst says he prefers to model market cap rather than the dollar price because XLM’s supply dynamics have periodically distorted spot-price returns. Stellar (XLM) Set To Explode 400% “Looking at this… the USD price is only up 12,000% while the market cap chart [is] up 52,000%. So… there is some kind of inflationary....
Stellar Lumens saw major price action after the Stellar Development Foundation signed an agreement with the Ukrainian government. Stellar Lumens (XLM) is now the ninth-largest cryptocurrency by market capitalization, overtaking Chainlink (LINK) and Binance Coin (BNB), according to data from major crypto tracking website CoinGecko. At publishing time, Stellar’s market cap amounts to $6.6 billion, while LINK and BNB’s market caps stand at $6.1 billion and $5.8 billion, respectively.Top-10 cryptocurrencies by market cap chart. Source: CoinGeckoStellar’s return to the top-10 list comes amid....
Although it has yet to overtake Ripple, Jed McCaleb's Stellar has performed respectably in its first several months. The payment gateway's native currency has consistently remained in the top-twenty on the market cap charts. However, the stellar price has not been living up to its name over the past couple weeks. Also read: Stellar Price Rises Despite Bitcion Price Drop. Stellar Price Reaches Three-Week Low. On October 9, the stellar price fell to 662 satoshis, which marked a three-week low for Ripple co-founder Jed McCaleb's latest altcoin project. As recently as September 29, the stellar....
Stellar (XLM) records a positive performance in 24-hours as the crypto market in general recovers from its sell-off. As of press time, XLM trades at $0.20 with a 4.8% profit in the last day. Related Reading | Stellar Development Foundation Launches New Account Model, How Users Will Benefit On January 25th, Stellar Development Foundation (SDF) Vice President of Technological Strategy Tomer Weller announced via Twitter the integration of smart contract on this network. With a tentative deployment date set by the end of 2022, this addition could transform XLM’s ecosystem and use cases.....
The bitcoin price has been in decline recently, and many altcoin prices have fallen in its wake. However, the bitcoin price decline has not affected the stellar price. In fact, while the bitcoin price fell 15% during the past week, the stellar price increased nearly 40%. CCN examines the stellar price increase to help traders make informed investing decisions. Stellar Price Rising Despite Bitcoin Price Decline. The stellar price has increased more than 35% over the past seven days. The bitcoin price has been falling over the past couple weeks, potentially due to the much-hyped Alibaba IPO.....