Key Takeaways
- Fueled by the bullish market, the price of Stellar has increased significantly traction. The price has surged 10% daily.
- Many experts predict the probability that the XLM token will reach a value of $1 by December.
- As per the Onchain indicators, the token has the potential for further gain.
- Technical and fundamental trends contribute to the price growth of XLM tokens.
Stellar (XLM) has shown significant growth recently, with a notable increase of 10% in daily trading. The cryptocurrency market is undergoing an overall capitalization of 41.28%, and the surge is expected to be a part of this. The bullish technical indicators support the recent price hike action of Stellar (XLM). As the broader cryptocurrency market is gaining significant traction, Stellar (XLM) is also gaining huge attention.
Stellar (XLM) is among the most profitable altcoins. It has increased by 9.69% in the last 24 hours, reaching $0.5204. The key indicators signal the probability of Stellar (XLM) reaching the $1 mark by December 2024. The current performance of the project is attracting huge investor interest.
Stellar (XLM): Value of XLM Might Reach $1 This December.
The bullish movement of the crypto market suggests that Stellar can reach $1 by December. Stellar (XLM) has surged from a low of $0.4753 to $0.5478 in the last 24 hours. Stellar (XLM) was one of the best-performing altcoins in the market, with a rise of above 44%.
The price of Stellar (XLM) exhibits a significant swing, ranging from a low of $0.08952 to a substantial high of $0.6342. If this bullish momentum continues, it is possible to hit the $1 milestone. The performance of Stellar (XLM) has sparked renewed optimism among investors. Since mid-2021, Stellar (XLM) has experienced a significant price surge.
Stellar (XLM): Current Price Trajectory
Stellar (XLM) has a current trading volume of $4,299,813 for the last 24 hours. This highlights an increase of 67.00% from the previous day. The rise in the trading volume of Stellar (XLM) signals the growing interest in the project. The market capitalization of Stellar (XLM) is $16,473,857,879. It has a circulating supply of 30,075,048,477.
The total supply and maximum supply is limited to 50,001,786,911. The fully diluted valuation is the strategic representation based on the assumption that the total token in circulation for the day is 50 Billion. The FDV of Stellar (XLM) is $27,388,894,547.
The XLM tokens are available on centralized crypto exchanges. Coinbase is the most prominent option for trading Stellar (XLM). It boasts a trading volume of $274,737,488 for the last 24 hours. The most active trading pair is XLM/USD. Bitget and Bybit are the other popular choices. Ensure that you have adequate information regarding the exchange you choose for trading Stellar (XLM).
The exchange functions no less than your cryptocurrency trading partner. Compare the customer rating, reliability, user interface, and transaction fees of the exchange options before choosing.
Stellar (XLM): Historical Price Trajectory
The Stellar (XLM) project has increased by 25.80% in the last seven days. This indicates that the token is outperforming the global cryptocurrency market. The lowest recorded price of Stellar (XLM) is $0.0004761, and it was recorded on March 05, 2015.
The current price of the token has increased by 114,587,08% compared to its all-time low. The 24-hour price of Stellar (XLM) ranges between $0.5113 and $0.5542. The seven-day price ranges between $0.4212 and $$0.6067.
Stellar (XLM): Future Perspectives
Technical analysis suggests a dual outlook for the project. The Moving Average Convergence Divergence (MACD) has indicated further bullish momentum for the project, but the Relative Strength Index (RSI) suggests that the coin is overbought, and this can be a short-term pullback. The mixed feelings towards Stellar are creating speculations regarding the future of the project.
The technical analysis of Stellar (XLM) seems to be promising. The Stellar protocol focuses on crypto payment enhancement. The platform plans to introduce smart contracts through the Sorban smart contract upgrade. The ultimate goal of Stellar (XLM) is to integrate with the decentralized finance ecosystem. The project is planning the roadmap for its development and wide adoption.
The upward trajectory of Stellar (XLM) might seem appealing to you, however, investment decisions must be made after careful evaluation. The crypto investments are subjected to the volatile nature of the market. Good luck with your association with Stellar (XLM)!
