{"id":543352,"date":"2023-07-19T14:00:43","date_gmt":"2023-07-19T14:00:43","guid":{"rendered":"https:\/\/wncen.com\/?p=543352"},"modified":"2024-06-11T13:39:35","modified_gmt":"2024-06-11T13:39:35","slug":"stellar-xlm-surges-over-43-in-one-week-whats-pushing-it","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/stellar-xlm-surges-over-43-in-one-week-whats-pushing-it\/","title":{"rendered":"Stellar (XLM) Surges Over 43% In One Week, What&#8217;s Pushing It?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">While <\/span><span style=\"font-weight: 400\">Bitcoin price<\/span><span style=\"font-weight: 400\"> recedes from the $30,000 support, payment solutions Stellar (XLM) and XRP continue riding the bullish wave, with <\/span><span style=\"font-weight: 400\">Stellar (XLM) outranking<\/span><a href=\"https:\/\/coinmarketcap.com\/gainers-losers\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">\u00a0top gainers today<\/span><\/a><span style=\"font-weight: 400\"> amid impressive ecosystem developments.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Determined to break all barriers to the $0.2 target, XLM painted all charts green, with a whopping 43.29% gain in value on the week. <\/span><span style=\"font-weight: 400\">The cross-border payment facilitator has added over 8.79% to its valuation over the past 24-hour trading session.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">XLM Rides On Bullish Momentum From Impressive Ecosystem Developments<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Following ecosystem developments, XLM continues to soar as interest in its innovative payment and remittance solution increase. <\/span><span style=\"font-weight: 400\">In a recent <\/span><a href=\"https:\/\/twitter.com\/StellarOrg\/status\/48024064\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">development<\/span><\/a><span style=\"font-weight: 400\">, Stellar partnered with MoneyGram and HoneyCoin app to support global digital assets cash out with USDC across Nigeria, Ghana, Tanzania, Kenya, Uganda, and the UK.<\/span><\/p>\n<p>Related Reading: <a href=\"https:\/\/wncen.com\/news\/ethereum\/pre-mined-ethereum-moves-after-8-years-price-dip-imminent\/\" target=\"_blank\" rel=\"noopener \">Pre-Mined Ethereum Worth $116M Moves After 8 Years: Is A Major Price Dip Imminent?<\/a><\/p>\n<p><span style=\"font-weight: 400\">In another <\/span><a href=\"https:\/\/twitter.com\/StellarOrg\/status\/56379648\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">announcement<\/span><\/a><span style=\"font-weight: 400\">, Stellar partnered with Fonbnk to provide payment solutions to the unbanked in Africa. Considering that millions of Africans lack access to banking services, Stellar&#8217;s partnership with MoneyGram and Fonbnk could bring more users to the digital finance landscape, further expanding the crypto industry.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Moreover, Stellar is now available on multiple chains, including Ethereum, Solana, Celo, and Polygon, through Allbridge\u2019s interoperability and bridge solution. <\/span><a href=\"https:\/\/stellar.org\/press-releases\/allbridge-launch-connects-stellar-network-to-ethereum-solana-and-polygon\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Announced<\/span><\/a><span style=\"font-weight: 400\"> on July 11, the integration marks a significant milestone for Stellar, demonstrating its utility for innovative opportunities in decentralized finance.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This feat could be among the factors pushing XLM&#8217;s price over the past seven days. Again, the token still enjoys the bullish wave of its close relative, XRP&#8217;s victory in the SEC\/Ripple lawsuit.\u00a0<\/span><\/p>\n<figure style=\"width: 980px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/oC4g0YQy\/\" alt=\"XLMUSD price chart\" width=\"980\" height=\"538\"><figcaption class=\"wp-caption-text\">XLM&#8217;s price currently stands at $0.1398 in the daily chart. | Source: XLMUSD price chart from <a href=\"https:\/\/www.tradingview.com\/x\/oC4g0YQy\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<h2><span style=\"font-weight: 400\">Stellar (XLM) Price Movement In The Last Seven Days<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Over the past seven days, XLM witnessed a significant shoot-up. On July 13, when news of Ripple (XRP)\u2019s victory broke out, XLM\u2019s price went from $0.096 to $0.153, a 60% boost within 24 hours.\u00a0<\/span><span style=\"font-weight: 400\">Though it experienced a minute correction as the buzz subsided, XLM remains bullish, fighting for more gains to surpass $0.1 and claim $0.2.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">CoinMarketCap <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/stellar\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> shows XLM has surged more than 42% in the last seven days, bringing its value over 73% higher than it was 30 days ago. As of 6:19 AM EST on July 19, XLM&#8217;s price had added more than 21% to its past year&#8217;s value. T<\/span><span style=\"font-weight: 400\">he token\u2019s growth in value is reflected in its over 11,173% rise from its November 18, 2014, all-time low of $0.001227.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Stellar\u2019s spree of cross-border payment partnerships has undoubtedly improved XLM\u2019s trading activity. The coin&#8217;s trading volume currently surpasses $321 million, with a 130% increase in 24-hour trading volume, according to CoinMarketcap.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/analysis\/xrp\/xrp-price-resumes-rally-0-84\/\" target=\"_blank\" rel=\"noopener \">XRP Price Resumes Rally \u2013 Here\u2019s Why It Could Surpass $1 This Time<\/a><\/div>\n<p><span style=\"font-weight: 400\">An increase in trading volume often points toward two factors: large selloffs and high demand or buying pressure. However, in Stellar&#8217;s case, the price resurgence shows the bulls (buyers) are at work and may push prices near $0.2 if they persist.<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Featured image from Pixabay and chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>While Bitcoin price recedes from the $30,000 support, payment solutions Stellar (XLM) and XRP continue riding the bullish wave, with Stellar (XLM) outranking\u00a0top gainers today amid impressive ecosystem developments. Determined to break all barriers to the $0.2 target, XLM painted all charts green, with a whopping 43.29% gain in value on the week. The cross-border payment facilitator has added over 8.79% to its valuation over the past 24-hour trading session. XLM Rides On Bullish Momentum From Impressive Ecosystem Developments Following ecosystem developments, XLM continues to soar as interest in its innovative payment and remittance solution increase. In a recent development, Stellar partnered with MoneyGram and HoneyCoin app to support global digital assets cash out with USDC across Nigeria, Ghana, Tanzania, Kenya, Uganda, and the UK. Related Reading: Pre-Mined Ethereum Worth $116M Moves After 8 Years: Is A Major Price Dip Imminent? In another announcement, Stellar partnered with Fonbnk to provide payment solutions to the unbanked in Africa. Considering that millions of Africans lack access to banking services, Stellar&#8217;s partnership with MoneyGram and Fonbnk could bring more users to the digital finance landscape, further expanding the crypto industry. Moreover, Stellar is now available on multiple chains, including Ethereum, Solana, Celo, and Polygon, through Allbridge\u2019s interoperability and bridge solution. Announced on July 11, the integration marks a significant milestone for Stellar, demonstrating its utility for innovative opportunities in decentralized finance. This feat could be among the factors pushing XLM&#8217;s price over the past seven days. Again, the token still enjoys the bullish wave of its close relative, XRP&#8217;s victory in the SEC\/Ripple lawsuit.\u00a0 Stellar (XLM) Price Movement In The Last Seven Days Over the past seven days, XLM witnessed a significant shoot-up. On July 13, when news of Ripple (XRP)\u2019s victory broke out, XLM\u2019s price went from $0.096 to $0.153, a 60% boost within 24 hours.\u00a0Though it experienced a minute correction as the buzz subsided, XLM remains bullish, fighting for more gains to surpass $0.1 and claim $0.2.\u00a0 CoinMarketCap data shows XLM has surged more than 42% in the last seven days, bringing its value over 73% higher than it was 30 days ago. As of 6:19 AM EST on July 19, XLM&#8217;s price had added more than 21% to its past year&#8217;s value. The token\u2019s growth in value is reflected in its over 11,173% rise from its November 18, 2014, all-time low of $0.001227.\u00a0 Stellar\u2019s spree of cross-border payment partnerships has undoubtedly improved XLM\u2019s trading activity. The coin&#8217;s trading volume currently surpasses $321 million, with a 130% increase in 24-hour trading volume, according to CoinMarketcap.\u00a0 Related Reading: XRP Price Resumes Rally \u2013 Here\u2019s Why It Could Surpass $1 This Time An increase in trading volume often points toward two factors: large selloffs and high demand or buying pressure. However, in Stellar&#8217;s case, the price resurgence shows the bulls (buyers) are at work and may push prices near $0.2 if they persist. Featured image from Pixabay and chart from TradingView.com<\/p>\n","protected":false},"author":568,"featured_media":543364,"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":[1558,87153,88515,87152,16425],"class_list":["post-543352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cryptocurrency","tag-stellar-xlm","tag-xlm-analysis","tag-xlm-price","tag-xlmusd"],"acf":[],"yoast_head":"\n<title>Stellar (XLM) Surges 42% In One Week, What&#039;s Pushing It?<\/title>\n<meta name=\"description\" content=\"While Bitcoin price recedes from the $30,000 support, payment solutions Stellar (XLM) and XRP continue riding the bullish wave.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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