{"id":153571,"date":"2023-09-11T16:55:37","date_gmt":"2023-09-11T11:25:37","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=153571"},"modified":"2023-09-11T16:55:37","modified_gmt":"2023-09-11T11:25:37","slug":"stellar-spikes-8-in-last-week-whats-driving-xlms-price-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/stellar-spikes-8-in-last-week-whats-driving-xlms-price-crypto-news\/","title":{"rendered":"Stellar Spikes 8% In Last Week, What&#8217;s Driving XLM&#8217;s Price? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400\">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\u2019s gains while Bitcoin and other top coins maintained consistent bearish momentum.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Stellar\u2019s 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.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">XLM Soars Amid Heightened Speculation In The Stellar Ecosystem<\/span><\/h2>\n<p><span style=\"font-weight: 400\">XLM has been bullish since September 2 following Stellar.org\u2019s <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/StellarOrg\/status\/1698008129647288440\"><span style=\"font-weight: 400\">announcement<\/span><\/a><span style=\"font-weight: 400\"> that \u201csomething cool is coming\u201d to the network in 10 days. Following this announcement, XLM\u2019s price increased by 10%, climbing from $0.1135 to $0.126.<\/span><\/p>\n<p>Related Reading: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/news\/solana\/solana-sol-price-plunges-ftx-rumors\/\">Solana (SOL) Price Plunges On FTX Rumors, Buy Or Sell Now?<\/a><\/p>\n<p><span style=\"font-weight: 400\">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.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, Stellar Network continued to tease the community with the countdown to the mysterious announcement, as a September 7 <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/StellarOrg\/status\/1699845370208219547\"><span style=\"font-weight: 400\">tweet<\/span><\/a><span style=\"font-weight: 400\"> also teased that change is underway as the upcoming brand will introduce Stellar to the real world.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Stellar community is abuzz with anticipation as enthusiasts await the unraveling of the mystery. Some community members <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/stellarhustle_\/status\/1700604243525149035\"><span style=\"font-weight: 400\">speculate<\/span><\/a><span style=\"font-weight: 400\"> that the upcoming announcement could be related to a partnership with Apple.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">In a recent report, Stellar dominated all layer-1 networks in tokenized treasuries by market cap, surpassing Ethereum and Polygon. The August 23 <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/adamlawrencium\/status\/1694322597243023497\"><span style=\"font-weight: 400\">tweet<\/span><\/a><span style=\"font-weight: 400\"> 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.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This report presents Stellar as a leading real-world asset tokenization network, a plausible reason behind XLM\u2019s price increase.\u00a0<\/span><\/p>\n<figure style=\"width: 881px\" class=\"wp-caption aligncenter\"><figcaption class=\"wp-caption-text\">XLM\u2019s price currently hovers at $0.1272 in the daily chart. | Source: XLMUSD price chart from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/\">TradingView.com<\/a><\/figcaption><\/figure>\n<h2><span style=\"font-weight: 400\">Price Outlook: XLM Slips Off $0.13. Will It Rebound?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Over the past 30 days, Stellar\u2019s 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.<\/span><\/p>\n<p><span style=\"font-weight: 400\">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.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">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.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Nonetheless, <\/span><span style=\"font-weight: 400\">XLM<\/span><span style=\"font-weight: 400\"> 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.<\/span><\/p>\n<p>Featured image from Pixabay and chart from TradingView.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s gains while Bitcoin and other top coins maintained consistent bearish momentum.\u00a0 Stellar\u2019s current price reflects the growing demand and interest in its payment solution, which is a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":153572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-153571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/153571","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=153571"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/153571\/revisions"}],"predecessor-version":[{"id":153574,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/153571\/revisions\/153574"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/153572"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=153571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=153571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=153571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}