{"id":550731,"date":"2023-09-11T11:00:50","date_gmt":"2023-09-11T11:00:50","guid":{"rendered":"https:\/\/wncen.com\/?p=550731"},"modified":"2024-06-11T14:29:08","modified_gmt":"2024-06-11T14:29:08","slug":"stellar-xlm-holds-past-week-gains-as-bear-taking-control-of-the-market","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/stellar-xlm-holds-past-week-gains-as-bear-taking-control-of-the-market\/","title":{"rendered":"Stellar (XLM) Holds Past Week Gains As Bear Taking Control Of The Market"},"content":{"rendered":"
All eyes are on Stellar (XLM) as it breaches the $0.12 resistance despite the massive onslaught in the crypto market. The token managed to hold its past week’s gains while Bitcoin and other top coins maintained consistent bearish momentum.\u00a0<\/span><\/p>\n Stellar\u2019s current price reflects the growing demand and interest in its payment solution, which is a plausible reason behind its strength. Moreover, excitement is high among XLM investors as the Stellar network prepares for a game-chaining announcement on Tuesday.\u00a0<\/span><\/p>\n XLM has been bullish since September 2 following Stellar.org\u2019s <\/span>announcement<\/span><\/a> that \u201csomething cool is coming\u201d to the network in 10 days. Following this announcement, XLM’s price increased by 10%, climbing from $0.1135 to $0.126.<\/span><\/p>\n Related Reading: Solana (SOL) Price Plunges On FTX Rumors, Buy Or Sell Now?<\/a><\/p>\n It maintained the momentum, though with a few dips, reaching $0.134 on September 10. This price move marked a nearly 20% increase from the month low of $0.1117 recorded on August 17.<\/span><\/p>\n Furthermore, Stellar Network continued to tease the community with the countdown to the mysterious announcement, as a September 7 <\/span>tweet<\/span><\/a> also teased that change is underway as the upcoming brand will introduce Stellar to the real world.<\/span><\/p>\n The Stellar community is abuzz with anticipation as enthusiasts await the unraveling of the mystery. Some community members <\/span>speculate<\/span><\/a> that the upcoming announcement could be related to a partnership with Apple.\u00a0<\/span><\/p>\n In a recent report, Stellar dominated all layer-1 networks in tokenized treasuries by market cap, surpassing Ethereum and Polygon. The August 23 <\/span>tweet<\/span><\/a> shows that Stellar recorded a tokenized treasury market cap of $304 million. Ethereum, on the other hand, recorded a Treasury market cap of $291 million, while Polygon followed with $24 million.<\/span><\/p>\n This report presents Stellar as a leading real-world asset tokenization network, a plausible reason behind XLM’s price increase.\u00a0<\/span><\/p>\nXLM Soars Amid Heightened Speculation In The Stellar Ecosystem<\/span><\/h2>\n