Stellar (XLM) Shines With 11% Gain Despite Downbeat Crypto Market Mood

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

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Stellar Price Prediction for Today, August 13 XLM Technical Analysis

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: [...]

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Grok Comments on X Adopting XRP for Payments

Grok, the AI chatbot on Elon Musks social media platform X (formerly Twitter), has commented on the prospect of the…

The post Grok Comments on X Adopting XRP for Payments first appeared on The Crypto Basic.

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Unlock Wealth: BlockDAGs X1 Miner App Now on Apple Store, Presenting Rich Rewards as XLM Prices Surge and Cosmos Prices Tumble

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Crypto Analyst Predicts Stellar (XLM) to Surge 603% to $0.681

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 […]

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XLM Price Prediction: Can Stellar Lumens Reach $1?

According to the long-term XLM price prediction by the end of 2030, the Stellar price may rise to $10.8 (+10,180%).

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Stellar (XLM) Technical Analysis: Calm Before the Breakout Toward $0.35$0.45

Stellar (XLM) market has shown notable signs of stability over recent weeks, with the cryptocurrency trading around the $0.27 mark as of May 3, 2025. After a long period of gradual decline from its December peak, where XLM touched highs near $0.63, the market now appears to be finding its footing. XLM Calm Before the […]

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Time To Stack Stellar (XLM)? Analyst Calls For Epic 500% Price Breakout

Stellar Lumens (XLM), the cryptocurrency known for its fast and cheap cross-border transactions, has been on a quiet journey lately. While the broader crypto market experiences wild swings, XLM trades sideways, seemingly unfazed by the drama. But is this calmness a sign of stagnation, or is Stellar poised for a stellar (pun intended) breakout? Related Reading: Crystal Ball Or Crazy Talk? Analyst Predicts Bitcoin To Hit $156,000 By May 2025 Trading In The Twilight Zone Currently, XLM sits at $0.10, a price point it’s clung to for weeks. Trading volume is moderate, and the overall market sentiment leans slightly bearish. This might lead some to believe XLM is stuck in a rut. However, analysts like Javon Marks see this as a potential launchpad. Technical Whispers: A Bullish Undercurrent Marks, a respected crypto analyst, believes XLM is quietly brewing a bullish storm. He points to a recent breakout from a key resistance level, a technical indicator suggesting a potential price surge. This breakout, according to Marks, sets a target of a staggering $0.681 for XLM. $XLM (Stellar) has confirmed a bullish indication that can be indicating a continuation to be developing and with already broken out prices, it can be of notable size! With these prices being broken out of a massive resisting trend, the target is at $0.681, meaning a >495% run https://t.co/vwyEOVqX78 pic.twitter.com/2oMmCZPazQ JAVONMARKS (@JavonTM1) May 27, 2024 Reaching For The Stars: A 495% Price Increase? If Marks’ prediction holds true, XLM investors could witness a phenomenal 495% increase from current prices. This potential moon mission has some analysts urging investors to keep a close eye on XLM. Beyond The Price Tag: Stellar’s Core Strength While the price prediction is undoubtedly exciting, it’s important to remember Stellar’s core strengths. Its focus on facilitating fast and affordable cross-border payments positions it well for potential future adoption. Partnerships with financial institutions and its commitment to low transaction fees could be catalysts for long-term growth, regardless of short-term price fluctuations. A Stellar Investment Or A Gamble On The Stars? Javon Marks’ prediction presents a tantalizing possibility for XLM investors. However, the road to $0.681 is likely to be bumpy. Despite a 20% increase in the past year, Stellar (XLM) has underperformed relative to the broader crypto market. Specifically, 72% of the top 100 crypto assets have outpaced XLM’s growth, and it has also lagged behind major assets like Bitcoin and Ethereum. Related Reading: Forget Fear, Embrace Greed? Bitcoin Soars As Sentiment Turns Red Hot This underperformance highlights potential concerns regarding its relative strength and market position. Trading below its 200-day simple moving average suggests that XLM is currently in a bearish phase, struggling to maintain a positive long-term trend. Additionally, XLM has only experienced 9 green days in the last 30 days, accounting for just 30% of the time. This lack of consistent positive momentum is worrisome for investors seeking short-term gains. Furthermore, the asset is down a staggering 88% from its all-time high, indicating significant downside risk and potential long-term challenges. These factors combined present a cautious outlook for XLM, suggesting that it may face continued difficulties in the near future unless it can overcome these technical and performance-related obstacles. Featured image from BBC Sky at Night Magazine, chart from TradingView

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Stellar (XLM) Set for Potential 495% Surge: Analyst Eyes $0.681 Target

Stellar (XLM) is currently demonstrating a slow and steady trajectory, positioning itself for potential future gains. Over the past week, the price of XLM has decreased by 4%, and looking at a broader timeframe, it has declined by roughly 3%. This recent downtrend could be indicative of a consolidation phase before a potential upward movement. […]

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Ripple CTO Addresses Curious Price Link Between XRP And XLM

In an exchange on X, Ripple‘s Chief Technology Officer (CTO), David Schwartz, also known as JoelKatz, responded to queries about the strikingly similar price movements of XRP and Stellar (XLM). This discussion has brought to light not just the intertwined market dynamics of these two major cryptocurrencies but also the complex factors influencing their valuation. Curious Correlation Between XRP And XLM Schwartz candidly addressed a post by Good Morning Crypto, who highlighted a long-term price chart comparison between XRP and XLM since 2014, questioning the “unnatural price symmetry” and the potential for both to “breakout together during this bull run.” Schwartz replied, “I genuinely don’t know. The thing that I think is most likely is that both prices are driven primarily by factors completely outside their ecosystems.” Related Reading: Ready For Liftoff: XRP Price Primed To Skyrocket Before November However, Schwartz also acknowledged conflicting evidence to his theory. When pressed for specifics regarding the unusual correlation, he pointed to the significant event of Stellar burning half of their token supply, which surprisingly did not impact their price or disrupt the price correlation pattern with XRP. “The one bit that’s the most convincing to me is that Stellar burned half their supply and there wasn’t so much as a blip on their price chart or any real deviation from XRP’s price correlation,” Schwartz explained. This dialogue underscores a broader narrative within the cryptocurrency sector, where XRP and XLM share not only a founder in Jed McCaleb but also similar technological frameworks aimed at streamlining cross-border payments. Despite these overlaps, the absence of a price impact post-Stellars token burn has been a particularly puzzling aspect for analysts and the crypto community alike. Both XRP and XLM have historically mirrored each other’s price movements, potentially due to overlapping use cases, investor behaviors, and market perceptions. As financial tools facilitating quick, cross-border transactions with minimal fees, both have attracted similar investor bases looking for alternatives to traditional banking hurdles. Related Reading: XRP Price Consolidates, Gearing Up for Its Next Major Breakout Market sentiment plays a significant role. News impacting one of the cryptos can quickly spill over to the other due to their perceived substitutability. Additionally, regulatory shifts in one can inadvertently sway investor sentiment towards the other. Popular pro-XRP lawyer Bill Morgan commented on this, I dont know what causes it but it shows how useless Ripple burning the escrow would be. Stellar burned XLM and Ripple did not burn XRP and it had no impact on the symmetry. Same for the lawsuit. No impact overall. Stellar was not sued. Factors external to either blockchain and not specific to either Ripple or Stellar must be the explanation. The ongoing debate includes speculation about whether XRP and XLM will jointly make significant gains in an anticipated bull run. Historical price patterns suggest a high level of correlation, but as Schwartz indicates, external factors such as global market conditions and macroeconomic factors are likely at play. At press time, XRP price stood at $0.5282. Featured image created with DALL·E, chart from TradingView.com

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Stellar (XLM) Price Analysis: Bearish Momentum Builds Below Key Moving Average

Stellar (XLM) is trading at $0.28942, showing a slight decrease of 0.52% over the last 4-hour candle. The market is currently displaying a bearish short-term trend, with momentum indicators and price action suggesting a continued downside bias unless a reversal signal emerges. EMA and Bollinger Bands Suggest Growing Bearish Pressure The 9-period Exponential Moving Average […]

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XRP Targets $8, Stellar Climbs, & BlockDAG Confirms 5 Exchange Listings

BlockDAGs exchange listing news fuels whale action & nearly $250M in presale. Catch out the latest XRP technical analysis & Stellar (XLM) price performance for strong long-term crypto plays.

The post XRP Targets $8, Stellar Climbs, & BlockDAG Confirms 5 Exchange Listings appeared first on Kanalcoin.

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Here Are Top 10 Altcoins Held by Crypto Wealth Mentor

Levi Rietveld, a widely followed crypto wealth mentor on the X platform, has disclosed the top ten cryptocurrencies that make…

The post Here Are Top 10 Altcoins Held by Crypto Wealth Mentor first appeared on The Crypto Basic.

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Stellar (XLM) Breakout Eyes 30% Rally Will It Repeat Last Cycles Playbook?

After breaking out of its five-month downtrend, an analyst suggests a repeat of Stellar (XLM)s last cycle playbook could be on the horizon. The cryptocurrency has confirmed its breakdown from a bullish reversal pattern and eyes a surge toward new targets Related Reading: Ethereum Jumps To $2,000 Amid Market Surge Analyst Says This Resistance Is Next Stellar Breakout Targets $0.39 Amid the market pump, Stellar has broken out of a key demand zone and retested the $0.30 mark for the first time since March. The cryptocurrency has been in a downtrend since its November 2024 breakout, when it reached a three-year high of $0.63. During this years retraces, XLM dropped 68% from the highs to a five-month low of $0.20. However, the late-April market recovery saw the cryptocurrency surge above the downtrend and attempt to confirm the breakout after recording a weekly close above the $0.28 mark. On Friday, Stellar has reclaimed the $0.29 resistance and retested the $0.30 mark for the first time in nearly two months. Following todays performance, Ali Martinez pointed out that Stellar is breaking out of a two-month inverse head and Shoulder pattern. This pattern is a bullish reversal setup that suggests a potential shift from a downtrend to an uptrend. Earlier this week, the analyst pointed out that the patterns right shoulder was forming and the neckline sat around the $0.29 mark. According to his post, a breakout from this formation potentially eyed a 30% rally toward the $0.39 resistance, lost during the February retraces. XLM To Repeat Historical Tendencies? Analyst Rekt Capital highlighted that the cryptocurrency confirmed the end of its multi-month downtrend and a breakout from its Downtrending Channel. Per the post, if XLM weekly closes above its key area, between $0.27-$0.29, any dips into this zone would figure as a successful reclaim of the area as support to support a move to higher regions. The analyst explained that reclaiming the $0.27-$0.29 area is crucial because it is a historical demand region on the monthly timeframe. In the past, turning this zone into support during bull markets has enabled Stellar to rally toward the $0.37-$0.40 mark. In 2021, the cryptocurrency rallied toward its cycle high of $0.80 after retesting the key demand zone and breaking out of the $0.37 barrier. Similarly, it hit its all-time high (ATH) of $0.87 after a breakout from this area. Related Reading: Crypto Analyst Says XRP Price Must Clear This Level Or Risk Crash To $1.9 If XLM repeats history and rallies to the next resistance, it must reclaim and confirm that level to continue with its historical tendencies. As such, a reclaim could see XLM challenge the $0.52 blue highs over time, Rekt Capital concluded. Meanwhile, analyst CW has noted that after breaking the upper line of the downtrend channel, Stellar would encounter resistance in two selling walls, one between the $0.34-$0.38 levels, and a big one around the $0.47-$0.70 zone. As of this writing, Stellar trades at $0.296, a 2% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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Stellars Strong Fundamentals Could Propel XLM Toward $0.681

Stellar (XLM) has been showing promising signs of a strong bullish reversal. After enduring months of downward pressure, XLM has finally broken free from its macro downtrend and is now entering a phase of upward consolidation. This shift could potentially set the stage for a significant price movement. As of now, Stellar (XLM) is trading […]

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Why XRP and XLM Are the Backbone of a New Financial Order

Key Takeaways: Black Swan Capitalist’s Versan Aljarrah has recently unboxed an interesting premise that sees what are considered rivalries between XRP and XLM actually cooperating on the same destination: a borderless financial system. This perspective recasts the two as complementary halves to a whole whose individual roles are to redefine finance. In his piece, Aljarrah […]

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XRP or XLM, Which is Best to Replace SWIFT? Grok AI and ChatGPT Share Shocking Results

AI models from xAI and ChatGPT, developed by OpenAI, suggest that the most suitable blockchain networks to replace SWIFT are the XRP Ledger and Stellar (XLM), securing mentions.Notably, proponents already see blockchain as a potential alternative to SWIFT, the long-standing cross-border messaging system that connects over 11,000 financial institutions worldwide. SWIFT, despite its reliability and vast network, suffers from high fees, slow transaction times, and centralization vulnerabilities. Recently, we asked AI chatbots Grok and ChatGPT to present what they believe could be the best blockchain to replace or complement SWIFT.Grok AI Picks XRP LedgerIn response, Grok evaluated multiple blockchains using important criteria such as transaction speed, cost, scalability, security, interoperability, adoption, and regulatory compliance. Notably, Grok concluded that the XRP Ledger is the most suitable blockchain to replace SWIFT.Grok AI Picks XRP LedgerGrok AI Picks XRP LedgerIt highlighted the network's strengths. According to the chatbot, transactions on the XRP Ledger complete in 3 to 5 seconds, far quicker than SWIFT's 1 to 5-day processing window. In addition, costs are minimal, with fees amounting to just fractions of a cent compared to SWIFT's $15 to $50 per transaction. Moreover, Grok noted that the network processes around 1,500 transactions per second. Importantly, the Ripple Payments service, boasting over 300 institutions including Santander, Standard Chartered, and American Express, also shows massive traction in the finance scene.Grok also stressed that the XRPL is interoperable with traditional banking systems, with a reduced risk of central point failure due to its decentralized validator network. However, the AI chatbot cautioned that ongoing regulatory scrutiny, particularly the SEC's lawsuit in the U.S., and Ripple's smaller institutional network compared to SWIFT could be potential hurdles. However, the lawsuit might be close to an end at press time.Stellar, a Close SecondMeanwhile, Stellar (XLM) came in a close second, with Grok noting its impressive transaction speeds (25 seconds) and near-zero fees (around 0.00001 XLM). Stellar supports around 1,000 transactions per second and has secured integration into projects like IBM's World Wire and MoneyGram. Grok Mentions StellarGrok Mentions StellarFurther, fintech startup Lightnet, backed by $31.2 million in funding, is leveraging Stellar to build a SWIFT alternative for Asia. According to Grok, while institutional adoption lags behind Ripple's, Stellar's push into emerging markets and remittance channels makes it a strong complementary or regional alternative.Other PlatformsGrok also highlighted three other platforms, Hedera Hashgraph, Ethereum with Layer-2 scaling, and the XDC Network, as complementary technologies. For instance, Hedera boasts high throughput (10,000 TPS), strong security through aBFT consensus, and backing from giants like Google and IBM. Also, it noted Ethereum's smart contracts and institutional pilots using Layer-2s like Arbitrum and Optimism, though its high base fees and slower speeds are concerns. Grok also identified XDC, with ISO 20022 messaging compatibility and a trade finance focus, as a potential complement for niche financial systems.Grok SummaryGrok SummaryChatGPT Also Chooses XRPLResponding to the question, ChatGPT clarified that SWIFT is not a payment system but a secure messaging network. However, to replace or enhance SWIFT, the AI chatbot said a blockchain must meet six critical standards: global interoperability, high security, speed, regulatory compliance, privacy, and operational reliability. ChatGPT Mentions XRPL and StellarChatGPT Mentions XRPL and StellarInterestingly, the XRPL again emerged as the top candidate in ChatGPT's assessment. According to ChatGPT, the Ripple Payments network is already functioning globally, connecting hundreds of banks and financial institutions. Its messaging layer and instant settlement via XRP make it uniquely suited to replace SWIFT's legacy infrastructure. It pointed to live implementations through major institutions like Santander and SBI Holdings as proof that the XRPL technology is already showing how it could replace SWIFT.Stellar Secures Honorable MentionMeanwhile, Stellar also emerged as an option for its ability to facilitate fast, low-cost international payments. ChatGPT noted Stellar's strong performance in remittances and real-time currency exchange, with IBM's World Wire and select banks actively using the platform. However, ChatGPT acknowledged that Stellar's presence among large institutions is still relatively modest compared to Ripple.Overledger, Ethereum, and CordaInterestingly, ChatGPT also noted Quant's Overledger Network as a potential SWIFT replacement due to its focus on interoperability. Quant's role in bridging blockchain with legacy systems made it stand out in banking-grade deployments. It noted Quant's engagement with central banks and financial enterprises as a sign of its real-world relevance.Further, ChatGPT recognized Ethereum's private and permissioned variants, such as ConsenSys Quorum, as strong complements to SWIFT. For context, JPMorgan and others are already exploring these setups for cross-border payments and tokenized asset transfers. ChatGPT SummaryChatGPT SummaryIn addition, ChatGPT mentioned Corda (by R3) and Hyperledger Fabric for their enterprise-grade capabilities. However, it mentioned them primarily as complementary solutions rather than full replacements.Essentially, while both AI chatbots evaluated multiple blockchains, they identified XRP Ledger as the most viable replacement for SWIFT.

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Stellar (XLM) Potential Surge: Navigating Macro Trends Towards $1.8 $10 Range

Stellar (XLM) holds promise for substantial growth over the long haul, with analysts expressing optimism for its future trajectory. Projections suggest a notable uptick in its value, presenting an encouraging outlook. At the time of writing, the current price of Stellar stands at $0.113582, accompanied by a 24-hour trading volume of $118.80 million and a […]

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Stellar (XLM) Surge: Analysts Eye $0.47 as XLM Breaks Out

Stellar (XLM) is showing strong indications of a significant upward movement, capturing the attention of market analysts who are highly optimistic about its future price performance. They foresee a rapid and substantial increase in its value, bolstered by various factors such as technological advancements, and growing interest from investors. At the time of writing, the price of Stellar […]

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Stellars AEON Partnership Ignites XLM Rally, Price Eyes 396% Surge

Stellar (XLM) is gaining momentum as bullish sentiment returns to the crypto market. A strategic partnership with AEON Group is setting the stage for real-world utility, positioning XLM for a potential breakout. Stellar (XLM) Strengthens on Bullish Market and Retail Integration As altcoins begin to recover in the wake of renewed market optimism, Stellar Lumens […]

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