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Stellar (XLM) Development Foundation (SDF) announces the appointment of Raja Chakravorti as its new Chief Business Officer, aiming to drive financial inclusion and growth. (Read More)
The Stellar price prediction shows that XLM could face up, and a break above $0.100 is expected to keep the coin above the moving averages. [...]
Stellar (XLM) flexes its muscles as it rose in price today, August 8th, going against the slowing market rebound that occurred after the markets dip that happened earlier this week. According to CoinGecko, XLM shifted upwards by almost 10% gaining in an environment where the majority of altcoins are still experiencing pain. Related Reading: Polkadot Developments Show Strength, Despite Coins 18% Loss The Stellar networks current bullishness can be largely attributed to recent developments that show the platforms commitment to bringing crypto within reach of the average Joe. Decaf On Stellar This week, users on Stellar are rejoicing as Simplex recently announced that due to their partnership with the platform, USDC is now supported on Stellar which increases the convenience of using the platform. The stablecoin is also available on Decaf, a non-custodial wallet that describes itself as a global bank, onchain. #USDC is now supported on the #Stellar blockchain! Thanks to our collaboration with @StellarOrg, you can now seamlessly buy USDC on Stellar, enabling faster and cheaper transactions.#Crypto #Blockchain #Simplex pic.twitter.com/AOx163txsU Simplex (@SimplexCC) August 6, 2024 Recently, Decaf announced that its platform will now enable US accounts, allowing new and current users to receive US dollars from the mainland United States to wherever theyre located. The platform is widely popular in Latin America where the banking sector is lacking severely. This development will help empower the growing user base of crypto users in Latin America. US accounts are LIVE in the Decaf Wallet!! Get a US account in 2 minutes! You or anyone can transfer USD to that account and you’ll receive it as $USDC. NO FEES for early access: 1 USD = 1 USDC pic.twitter.com/FVYkiQ8Gu2 Decaf (@Decaf_so) August 7, 2024 Most importantly, it will assist individuals in countries where the financial system is often lacking. In an interview with Stellar, Decaf Co-Founder and developer Fernanda Orduna stated the reasoning behind the platform: They don’t have many options. They don’t have financial freedom. This is something that happens everywhere in Latin America and especially now, for example, if you look at Argentina, Venezuela, [and] Colombia, people have a real need. XLM market cap currently at $2.9 billion. Chart: TradingView.com Stability And Low Volatility Support XLM Bulls As of writing, the token is currently in a tight spot to secure its gains in the past 24 hours. XLM is sitting between $0.1003 and $0.1058, a price range historically held by the bears. XLM bulls might find some respite on this price range. The tokens low volatility might be followed by stable prices which will give the bulls enough time to gather momentum for a breakthrough toward $0.1058 in the long term. How far into the future the long term might be is entirely dependent on the overall market environment. With private equity firms pointing to more pain in the financial market, crypto wont be spared once stocks start flashing red. XLMs high correlation with Bitcoin will play a part in this affair. Related Reading: Bloody Monday: Cardano Not Spared From Bloodbath, Suffers 30% Loss But Stellars entry in providing blockchain solutions to real-world problems might help slow or stop the bearish tide. Investors and users will see value in Stellars use case, thus bumping XLM by a few percentage points in the next couple of weeks. Featured image from Zipmex, chart from TradingView
French and Irish fintech companies have partnered to introduce a euro-backed stablecoin. The coin will launch on the Stellar blockchain a month after MiCA stablecoin laws came into force.
Ripple CTO David Schwartz shared his observations on the persistent price correlations between XRP and XLM in an X post.
Stellar (XLM) unveils its Composable Data Platform, aiming to revolutionize data access and distribution across its blockchain network. (Read More)
The Stellar price prediction shows that XLM couldn’t break above the 21-day moving average after touching the daily high at $0.100. Stellar Prediction Statistics Data: [...]
Stellar (XLM) Development Foundation's Q2 2024 report highlights significant growth in network addresses, asset tokenization, and Soroban smart contracts. (Read More)
Bernardo Garcia of Félix discusses the challenges and motivations behind creating a WhatsApp-based payments platform for U.S.-based Latino immigrants. (Read More)
Explore the scalability of State Archival on Stellar (XLM) and Solana's Avocado. Detailed analysis of network efficiency and congestion issues. (Read More)
Stellar (XLM)'s State Archival aims to address blockchain state bloat, enhancing scalability, transaction speed, and cost-efficiency. (Read More)
Stellar (XLM) is on the verge of a breakout, setting the stage for a significant upward climb. Over the past week, XLM has seen a substantial increase, rising by nearly 15%. This surge aligns with the broader market recovery, fueled by Bitcoin’s (BTC) resurgence, which has lifted altcoins from their recent downturns. Recent technical analysis […]
Curious about Stellar's (XLM) price this July? Check out our latest analysis to see where this popular cryptocurrency might be headed
Stellar (XLM) introduces Soroban, a smart contract platform emphasizing performance, sustainability, and security for scalable DeFi applications. (Read More)
According to the long-term XLM price prediction by the end of 2030, the Stellar price may rise to $10.8 (+10,180%).
The post XLM Price Prediction: Can Stellar Lumens Reach $1? first appeared on StealthEX.
Stellar (XLM) Development Foundation emphasizes gender diversity in blockchain at the SheFi Summit in Brussels, aiming to empower unbanked women globally. (Read More)
Stellar (XLM)'s public network validators voted to upgrade to Protocol 21, introducing five new Core Advancement Proposals to enhance network efficiency and cost-effectiveness. (Read More)
Curious about how high Stellar (XLM) might climb in June 2024? Check out our latest price prediction
Stellar (XLM) Cash-to-DeFi Challenge at Consensus X EasyA 2024 Hackathon showcased groundbreaking financial solutions. (Read More)
Stellar ranks third in RWA tokenisation market by value. Exchange balances on Binance grow to 1 billion XLM. Active wallets reach 9.5 million, growing by 5,000 daily. Stellar (XLM) is navigating a complex landscape in 2025. While the blockchain network continues to gain traction as a real-world asset (RWA) hub, concerns around centralisation and potential […]
The post Stellar gains ground in RWA market, but 80% XLM supply held by few stirs concern appeared first on CoinJournal.
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