{"id":149442,"date":"2023-09-04T16:59:05","date_gmt":"2023-09-04T11:29:05","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=149442"},"modified":"2023-09-04T16:59:05","modified_gmt":"2023-09-04T11:29:05","slug":"xlm-surges-10-as-stellar-teases-something-cool-on-the-horizon-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xlm-surges-10-as-stellar-teases-something-cool-on-the-horizon-crypto-news\/","title":{"rendered":"XLM Surges 10% As Stellar Teases ‘Something Cool’ on the Horizon – Crypto News"},"content":{"rendered":"
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XLM, the native token of the Stellar<\/a><\/span> blockchain, is leading the predominantly sideways crypto markets on Monday, with a remarkable 10% price surge over the past 24 hours.<\/p>\n

The latest spike took the price of XLM to a weekly high of $0.125, up nearly 5% on the week, according to data from CoinGecko<\/a>.<\/p>\n

With a market capitalization of $3.4 billion, XLM is currently the world\u2019s 22nd largest cryptocurrency.<\/p>\n

While it\u2019s not immediately clear what caused the recent XLM spike, it follows a Twitter\/X post<\/a> on Saturday teasing that “something cool is dropping in 10 days.”<\/p>\n

The post urges readers to “gear up for a change that’s got us all excited.”<\/p>\n

Elsewhere in the market, Bitcoin<\/a><\/span> (BTC) is struggling around the $26,000 level after dropping from the $28,000 mark last week. Ethereum<\/a><\/span> (ETH), the market\u2019s second largest cryptocurrency by market cap, is changing hands at around $1,635.<\/p>\n

Promoting efficient cross-border payments<\/h2>\n

The Stellar blockchain, known for its focus on facilitating cross-border payments and enabling the issuance of digital assets, aims to provide efficient and low-cost solutions for financial institutions and individuals looking to transfer value.<\/p>\n

To achieve this goal, the Stellar Foundation has established a number of important partnerships, including the stablecoin issuer Circle and money transfer company MoneyGram International.<\/p>\n

In August, the Stellar Foundation also became<\/a> a minority investor in MoneyGram.<\/p>\n

Last month, in a move aimed at making the platform more accessible to a wider range of users, the organization behind the development of XLM also announced<\/a> that it had joined the Bytecode Alliance, an industry group promoting the development of WebAssembly (Wasm), the technology that allows developers to create high-performance applications that run in the browser.<\/p>\n

The Bytecode Alliance was founded by several prominent technology companies and organizations, including Mozilla, Fastly, Red Hat, and Intel, among others.<\/p>\n

Stellar first indicated it was moving to Wasm in April 2022, citing its \u201crobust execution environment for smart contracts and a thriving ecosystem,\u201d as well as the contribution to \u201cbuilding a safe, scalable system that promotes equitable access.\u201d<\/p>\n

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Stay on top of crypto news, get daily updates in your inbox.<\/h3>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

XLM, the native token of the Stellar blockchain, is leading the predominantly sideways crypto markets on Monday, with a remarkable 10% price surge over the past 24 hours. The latest spike took the price of XLM to a weekly high of $0.125, up nearly 5% on the week, according to data from CoinGecko. With a […]<\/p>\n","protected":false},"author":2,"featured_media":149443,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-149442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=149442"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149442\/revisions"}],"predecessor-version":[{"id":149445,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149442\/revisions\/149445"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/149443"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=149442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=149442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=149442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}