{"id":550658,"date":"2023-09-09T17:00:41","date_gmt":"2023-09-09T17:00:41","guid":{"rendered":"https:\/\/wncen.com\/?p=550658"},"modified":"2024-06-11T14:29:07","modified_gmt":"2024-06-11T14:29:07","slug":"stellar-xlm-soars-by-17-in-a-single-week-can-bulls-maintain-push-to-1","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/stellar-xlm-soars-by-17-in-a-single-week-can-bulls-maintain-push-to-1\/","title":{"rendered":"Stellar (XLM) Soars By 17% In A Single Week &#8211; Can Bulls Maintain Push To $1?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">As the general crypto market experiences a slight gain in total market cap, Stellar (XLM) stands out with a substantial amount of price increase over the last week. According to <a href=\"https:\/\/coinmarketcap.com\/currencies\/stellar\/\" target=\"_blank\" rel=\"noopener nofollow\">data from CoinMarketCap<\/a>, the <a href=\"https:\/\/wncen.com\/news\/stellar\/ripple-effect-whats-next-for-stellar-lumens-xlm\/\" target=\"_blank\" rel=\"noopener \">XRP competitor<\/a> is up by 17.61%, outperforming every other top 100 cryptocurrency in the past seven days.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/stellar-tough-spot-will-xlm-prices-see-a-dip-amid-mid-range-struggles\/\" target=\"_blank\" rel=\"noopener \">Stellar Tough Spot: Will XLM Prices See A Dip Amid Mid-Range Struggles?<\/a><\/div>\n<h2><strong>XLM To Reach $1?<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">With XLM currently hovering around the $0.13 price zone, there are speculations on the next movement. Interestingly, a crypto analyst with the name EGRAG CRYPTO on X (formerly Twitter) predicts that XLM could rise to $1 if certain conditions are met.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to the<a href=\"https:\/\/twitter.com\/egragcrypto\/status\/06224966?s=20\" target=\"_blank\" rel=\"noopener nofollow\"> analyst\u2019s post on September 8,<\/a> this bullish prediction is formed on a potential crossover between two technical indicators, namely the 200-day Moving\u00a0 Average (MA)and the 21-day Exponential Moving Average (EMA).<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/XLM?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#XLM<\/a> Heading for $1: <\/p>\n<p>When the Bullish Cross occurs on the weekly time frame with the 21 EMA (Exponential Moving Average) and the 200 MA (Moving Average), I&#39;m anticipating a potential surge of approximately 500% \ud83d\udcc8.<\/p>\n<p>The chart below is showing promising signs that the next\u2026 <a href=\"https:\/\/t.co\/33TrI2znLb\" rel=\"nofollow\">pic.twitter.com\/33TrI2znLb<\/a><\/p>\n<p>&mdash; EGRAG CRYPTO (@egragcrypto) <a href=\"https:\/\/twitter.com\/egragcrypto\/status\/06224966?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 8, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">To explain, the MA indicator reflects the average price data over a specific period of time, e.g., 200 days. It is constantly updated and can be used to identify trade areas and recognize market trends.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On the other hand, The EMA performs a similar function but with a focus on more recent price points. Due to its method of calculation, the EMA reacts to price changes faster than the MA.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Based on EGRAG CRYPTO\u2019s prediction, if there is an upward crossover of the 21 EMA and 200 MA on XLM\u2019s weekly chart, there is a possibility the token could experience a 500% price surge in the coming months, surpassing the dollar mark to trade at $1.10.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This prediction is mainly based on historical price data, as <a href=\"https:\/\/wncen.com\/news\/stellar-makes-surprise-70-rally-start-of-something-big-for-xlm\/\" target=\"_blank\" rel=\"noopener \">XLM<\/a> witnessed a similar massive price gain when this crossover occurred between 2020 and 2021.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, it is worth stating that all predictions are speculations without guarantees and should not be relied on as investment advice.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/analysis\/xlm\/stellar-breaks-free-unleashes-new-open-source-disbursement-platform\/\" target=\"_blank\" rel=\"noopener \">Stellar Breaks Free: Unleashes New Open-Source Disbursement Platform<\/a><\/div>\n<h2><strong>Another Partnership For Stellar?<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">In other news, the Stellar community appears to be expecting a massive positive update in the next few days. On September 2, Stellar Development Foundation <a href=\"https:\/\/twitter.com\/StellarOrg\/status\/47288440?s=20\" target=\"_blank\" rel=\"noopener nofollow\">shared with its crypto community<\/a> that \u201cSomething cool is dropping in 10 days\u201d.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Something cool is dropping in 10 days. <\/p>\n<p>Get ready to gear up for a change that&#39;s got us all excited. Stay curious \ud83d\ude0e <a href=\"https:\/\/t.co\/CgNzfzwqmc\" rel=\"nofollow\">pic.twitter.com\/CgNzfzwqmc<\/a><\/p>\n<p>&mdash; Stellar (@StellarOrg) <a href=\"https:\/\/twitter.com\/StellarOrg\/status\/47288440?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 2, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">This announcement was well received, with the XLM token rising by 10% in the next 24 hours. Interestingly, some enthusiasts predict Stellar could announce a new partnership in the coming week.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The blockchain network has already collaborated with companies such as American remittance firm MoneyGram and Circle, the company behind the USDC stablecoin. In fact, Stellar <a href=\"https:\/\/bitcoinist.com\/xrp-stellar-gets-equity-moneygram-disrupt-payments\/\" target=\"_blank\" rel=\"noopener nofollow\">announced<\/a> a minority investment in MoneyGram earlier in August.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">For now, it remains unknown what this new development could be. However, there is the possibility it could elicit some effect on XLM\u2019s price trajectory.<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, XLM is trading at $0.132, having gone up by $0.132 in the last day. In tandem, the token\u2019s daily trading volume has gained by 21.33% and is valued at $119.14 million.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large\" src=\"https:\/\/www.tradingview.com\/x\/BqPrRsPA\/\" alt=\"Stellar\" width=\"1479\" height=\"906\"><\/p>\n<pre style=\"text-align: center\">XLM trading at $0.1308 on the hourly chart | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/xg17RJqK\/\" target=\"_blank\" rel=\"noopener nofollow\">XLMUSDT chart on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\"><em>Featured image from Stellar, chart from Tradingview.<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"<p>As the general crypto market experiences a slight gain in total market cap, Stellar (XLM) stands out with a substantial amount of price increase over the last week. According to data from CoinMarketCap, the XRP competitor is up by 17.61%, outperforming every other top 100 cryptocurrency in the past seven days.\u00a0 Related Reading: Stellar Tough Spot: Will XLM Prices See A Dip Amid Mid-Range Struggles? XLM To Reach $1? With XLM currently hovering around the $0.13 price zone, there are speculations on the next movement. Interestingly, a crypto analyst with the name EGRAG CRYPTO on X (formerly Twitter) predicts that XLM could rise to $1 if certain conditions are met.\u00a0 According to the analyst\u2019s post on September 8, this bullish prediction is formed on a potential crossover between two technical indicators, namely the 200-day Moving\u00a0 Average (MA)and the 21-day Exponential Moving Average (EMA). To explain, the MA indicator reflects the average price data over a specific period of time, e.g., 200 days. It is constantly updated and can be used to identify trade areas and recognize market trends. On the other hand, The EMA performs a similar function but with a focus on more recent price points. Due to its method of calculation, the EMA reacts to price changes faster than the MA.\u00a0 Based on EGRAG CRYPTO\u2019s prediction, if there is an upward crossover of the 21 EMA and 200 MA on XLM\u2019s weekly chart, there is a possibility the token could experience a 500% price surge in the coming months, surpassing the dollar mark to trade at $1.10.\u00a0 This prediction is mainly based on historical price data, as XLM witnessed a similar massive price gain when this crossover occurred between 2020 and 2021.\u00a0 However, it is worth stating that all predictions are speculations without guarantees and should not be relied on as investment advice.\u00a0 Related Reading: Stellar Breaks Free: Unleashes New Open-Source Disbursement Platform Another Partnership For Stellar? In other news, the Stellar community appears to be expecting a massive positive update in the next few days. On September 2, Stellar Development Foundation shared with its crypto community that \u201cSomething cool is dropping in 10 days\u201d.\u00a0 This announcement was well received, with the XLM token rising by 10% in the next 24 hours. Interestingly, some enthusiasts predict Stellar could announce a new partnership in the coming week. The blockchain network has already collaborated with companies such as American remittance firm MoneyGram and Circle, the company behind the USDC stablecoin. In fact, Stellar announced a minority investment in MoneyGram earlier in August.\u00a0 For now, it remains unknown what this new development could be. However, there is the possibility it could elicit some effect on XLM\u2019s price trajectory. At the time of writing, XLM is trading at $0.132, having gone up by $0.132 in the last day. In tandem, the token\u2019s daily trading volume has gained by 21.33% and is valued at $119.14 million. XLM trading at $0.1308 on the hourly chart | Source: XLMUSDT chart on Tradingview.com Featured image from Stellar, chart from Tradingview.<\/p>\n","protected":false},"author":581,"featured_media":550672,"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":[89342,3330,3970,12220],"class_list":["post-550658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto-prediction","tag-partnership","tag-stellar","tag-xlm"],"acf":[],"yoast_head":"\n<title>Stellar (XLM) Soars By 17% In A Single Week, Can Bulls Maintain Push To $1?<\/title>\n<meta name=\"description\" content=\"Stellar (XLM) stands out with a substantial amount of price increase over the last week according to data from CoinMarketCap.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/stellar-xlm-soars-by-17-in-a-single-week-can-bulls-maintain-push-to-1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stellar (XLM) Soars By 17% In A Single Week, Can Bulls Maintain Push To $1?\" \/>\n<meta property=\"og:description\" content=\"Stellar (XLM) stands out with a substantial amount of price increase over the last week according to data from CoinMarketCap.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/stellar-xlm-soars-by-17-in-a-single-week-can-bulls-maintain-push-to-1\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-09T17:00:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:29:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/a-37.png?fit=759%2C381\" \/>\n\t<meta property=\"og:image:width\" content=\"759\" \/>\n\t<meta property=\"og:image:height\" content=\"381\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Semilore Faleti\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/SemiloreFaleti\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Semilore Faleti\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/stellar-xlm-soars-by-17-in-a-single-week-can-bulls-maintain-push-to-1\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/stellar-xlm-soars-by-17-in-a-single-week-can-bulls-maintain-push-to-1\/\"},\"author\":{\"name\":\"Semilore Faleti\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/6280b76d69630ffb2f2fa78670d85d49\"},\"headline\":\"Stellar (XLM) Soars By 17% In A Single Week &#8211; 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Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. 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While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others. In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies. Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. 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