- The rapid growth of Stellar’s network is like a freight train powered by institutional investors eager to tokenize real-world assets (RWAs) and smooth out those pesky cross-border transactions. Who doesn’t want to get in on that action?
- XLM has been dancing to the same beat as XRP in the past, and guess what? It looks like they’re both gearing up for a price discovery showdown. Buckle up, folks!
Well, well, well, if it isn’t Stellar (XLM), steadily picking up steam like a slow-moving, determined tortoise. Over the past six weeks, this altcoin has shown a surprising dose of bullishness. With a market cap hovering around $15.1 billion and a trading volume that casually brushes shoulders with $314 million per day, it surged more than 25% in the last four weeks. On May 14, it was comfortably perched at $0.3033, just before North America decided to call it a day.
The return of that good ol’ FOMO, thanks to Ethereum making waves against Bitcoin, has had a hand in pushing XLM higher. And if you needed any further proof of interest, XLM’s Futures Open Interest (OI) jumped from $112 million on April 14 to a solid $196 million today. Who’s counting, right?
Stellar Network and Institutional Adoption: Who’s Jumping on the Bandwagon?
Stellar’s network is growing like a weed in a garden of Web3 opportunities. After the Soroban upgrade in early 2024, which opened the floodgates to smart contracts, more and more institutional investors have been eyeing Stellar like it’s the next big thing for tokenizing real-world assets. And they’re not wrong.
Heavy-hitters like Franklin Templeton, Circle USDC, IBM, and MoneyGram are all dipping their toes into the RWA tokenization pond, and it’s paying off. As of now, Stellar boasts over $54 million in total value locked, and stablecoins? Oh, they’ve got over $353 million in market cap, casually dominating the scene.
What’s Next for XLM Price? Hold onto Your Hats! 🎩
If you’ve been paying attention, you’ll notice that XLM has a knack for mirroring its old buddy, XRP. After years of hanging out in a cozy symmetrical consolidation, both broke free, and it looks like they’re ready to ride the bull wave.
On the daily charts, XLM has finally broken free from its falling wedge pattern and now aims for a sweet target of 60 cents. But wait, there’s more—its MACD line just crossed the zero line, suggesting that a breakout from an inverse head-and-shoulders pattern could be on the horizon. Looks like XLM’s about to hit its stride. 💰
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2025-05-15 02:37