{"id":543488,"date":"2023-07-20T12:04:35","date_gmt":"2023-07-20T12:04:35","guid":{"rendered":"https:\/\/wncen.com\/?p=543488"},"modified":"2023-07-20T12:11:29","modified_gmt":"2023-07-20T12:11:29","slug":"stellar-makes-surprise-70-rally-start-of-something-big-for-xlm","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/stellar-makes-surprise-70-rally-start-of-something-big-for-xlm\/","title":{"rendered":"Stellar Makes Surprise 70% Rally – Start Of Something Big For XLM?"},"content":{"rendered":"

Stellar (XLM) has registered a surprise surge, catapulting itself into the forefront of the crypto market frenzy. Beginning July 18, this surge has taken the digital asset on a solid price rally, propelling its value to new heights.<\/span><\/p>\n

Currently, XLM is trading at $0.1617, representing a 22.1% increase over the past 24 hours. Even more remarkable is its exceptional performance over the previous week, which has soared by 68.8%, and dominating the top 100 roster of cryptocurrencies.<\/span><\/p>\n

\"\"<\/p>\n

Source: Coingecko<\/a><\/pre>\n
Now, the question on everyone’s mind is: What is driving this surge?<\/span><\/p>\n
XLM Makes Waves: Catalysts For Price Surge<\/strong><\/h2>\n
XLM’s remarkable ascent is primarily attributed to a significant development in the crypto space \u2013 <\/span>Ripple Labs’s legal victory<\/span><\/a> against the US Securities and Exchange Commission (SEC) – and the solid performance of XRP, which has likewise registered an impressive 72.3% climb at the time of writing.<\/span><\/p>\n
Related Reading: Solana (SOL) Continues To Shine With Over 20% Surge \u2013 What\u2019s Next?<\/a><\/div>\n
A judge ruled that Ripple did not violate securities regulations when it sold its XRP token on public exchanges. This verdict sent XRP prices soaring and created a ripple effect (no pun intended), propelling other altcoins, including XLM and even Bitcoin (BTC), to surge in value.<\/span><\/p>\n
<\/p>\n
XLM market cap currently at $4.5 billion on the daily chart: TradingView.com<\/a><\/pre>\n
Related Reading: BNB Chain Unveils Beacon Update \u2013 What\u2019s Its Bearing On Price?<\/a><\/div>\n
Meanwhile, crypto exchange Coinbase has fully embraced the Stellar network, enabling seamless deposits and withdrawals of USD Coin (USDC). This integration bolstered Stellar’s status and expanded its reach, attracting more interest and investment to the platform.<\/span><\/p>\n
\"\"<\/p>\n
XLM seven-day price action. Source: CoinMarketCap<\/a><\/pre>\n
Despite the initial upswing following US Judge Analisa Torres’ favorable verdict for the Ripple coin, XLM was unable to retest its previous week’s highs at $0.20. But it looks like the bulls are still in charge, as XLM trade volumes are relatively high. CoinGecko reports that within the past 24 hours, almost $700 million worth of XLM has traded hands on key exchanges.<\/p>\n
What Lies Ahead For Stellar XLM?<\/strong><\/h2>\n
As the crypto market continues to evolve, all eyes are on XLM to see if it can sustain its current momentum. With the legal challenges surrounding Ripple and its XRP token seeing full closure, investors may view Stellar as a more stable alternative for their digital assets portfolio.<\/span><\/p>\n
Traders should closely monitor the price movement and whether XLM can break past the significant resistance level at $0.20.<\/span><\/p>\n
\n
350 million people in Africa don’t have access to bank accounts, and only 20% of families have formal bank accounts.@fonbnk1<\/a> provides a real-world solution to this problem by turning 8 billion active prepaid SIM cards globally into virtual debit cards with Stellar. (1\/3)<\/p>\n
\u2014 Stellar (@StellarOrg) July 18, 2023<\/a><\/p><\/blockquote>\n
In related news, Stellar has just announced a partnership with Fonbnk to convert 8 billion active prepaid SIM cards into virtual debit cards. This development is anticipated to have a positive impact on XRP’s price over the coming weeks.<\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from Pxfuel<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Stellar (XLM) has registered a surprise surge, catapulting itself into the forefront of the crypto market frenzy. Beginning July 18, this surge has taken the digital asset on a solid price rally, propelling its value to new heights. Currently, XLM is trading at $0.1617, representing a 22.1% increase over the past 24 hours. Even more remarkable is its exceptional performance over the previous week, which has soared by 68.8%, and dominating the top 100 roster of cryptocurrencies. Source: Coingecko Now, the question on everyone’s mind is: What is driving this surge? XLM Makes Waves: Catalysts For Price Surge XLM’s remarkable ascent is primarily attributed to a significant development in the crypto space \u2013 Ripple Labs’s legal victory against the US Securities and Exchange Commission (SEC) – and the solid performance of XRP, which has likewise registered an impressive 72.3% climb at the time of writing. Related Reading: Solana (SOL) Continues To Shine With Over 20% Surge \u2013 What\u2019s Next? A judge ruled that Ripple did not violate securities regulations when it sold its XRP token on public exchanges. This verdict sent XRP prices soaring and created a ripple effect (no pun intended), propelling other altcoins, including XLM and even Bitcoin (BTC), to surge in value. XLM market cap currently at $4.5 billion on the daily chart: TradingView.com Related Reading: BNB Chain Unveils Beacon Update \u2013 What\u2019s Its Bearing On Price? Meanwhile, crypto exchange Coinbase has fully embraced the Stellar network, enabling seamless deposits and withdrawals of USD Coin (USDC). This integration bolstered Stellar’s status and expanded its reach, attracting more interest and investment to the platform. XLM seven-day price action. Source: CoinMarketCap Despite the initial upswing following US Judge Analisa Torres’ favorable verdict for the Ripple coin, XLM was unable to retest its previous week’s highs at $0.20. But it looks like the bulls are still in charge, as XLM trade volumes are relatively high. CoinGecko reports that within the past 24 hours, almost $700 million worth of XLM has traded hands on key exchanges. What Lies Ahead For Stellar XLM? As the crypto market continues to evolve, all eyes are on XLM to see if it can sustain its current momentum. With the legal challenges surrounding Ripple and its XRP token seeing full closure, investors may view Stellar as a more stable alternative for their digital assets portfolio. Traders should closely monitor the price movement and whether XLM can break past the significant resistance level at $0.20. 350 million people in Africa don’t have access to bank accounts, and only 20% of families have formal bank accounts.@fonbnk1 provides a real-world solution to this problem by turning 8 billion active prepaid SIM cards globally into virtual debit cards with Stellar. (1\/3) \u2014 Stellar (@StellarOrg) July 18, 2023 In related news, Stellar has just announced a partnership with Fonbnk to convert 8 billion active prepaid SIM cards into virtual debit cards. This development is anticipated to have a positive impact on XRP’s price over the coming weeks. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Pxfuel<\/p>\n","protected":false},"author":557,"featured_media":543502,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,1144,8686,4735,3970,87152],"class_list":["post-543488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-btcusd","tag-ethusd","tag-price-action","tag-stellar","tag-xlm-price"],"acf":[],"yoast_head":"\nStellar Makes Surprise 70% Rally Today - Start Of Something Big?<\/title>\n<meta name=\"description\" content=\"Stellar (XLM) has registered a surprise surge, catapulting itself into the forefront of the crypto market frenzy. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Stellar Makes Surprise 70% Rally – Start Of Something Big For XLM?","url":"http:\/\/wncen.com\/news\/stellar-makes-surprise-70-rally-start-of-something-big-for-xlm\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/stellar-makes-surprise-70-rally-start-of-something-big-for-xlm\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/a-130.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/a-130.png?fit=847%2C475"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","btcusd","ethusd","price action","stellar","xlm price"],"dateCreated":"2023-07-20T12:04:35Z","datePublished":"2023-07-20T12:04:35Z","dateModified":"2023-07-20T12:11:29Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Stellar Makes Surprise 70% Rally – Start Of Something Big For XLM?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/stellar-makes-surprise-70-rally-start-of-something-big-for-xlm\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/stellar-makes-surprise-70-rally-start-of-something-big-for-xlm\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/a-130.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/a-130.png?fit=847%2C475\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"btcusd\",\"ethusd\",\"price action\",\"stellar\",\"xlm price\"],\"dateCreated\":\"2023-07-20T12:04:35Z\",\"datePublished\":\"2023-07-20T12:04:35Z\",\"dateModified\":\"2023-07-20T12:11:29Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/a-130.png?fit=847%2C475","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/543488"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=543488"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/543488\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/543502"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=543488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=543488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=543488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}