Stellar

Amid an ongoing struggle of the wider <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">cryptocurrency market</a> to retain its <a href="https://finbold.com/guide/bull-market-definition/" rel="noopener noreferrer nofollow">bullish</a> momentum, Stellar (<a href="https://finbold.com/cryptocurrency/stellar/" rel="noopener noreferrer nofollow">XLM</a>) has been under the radar, recording gains on all of its charts, particularly noticeable in the last seven days, during which the digital asset climbed by more than 20%.As it happens, the value of <a href="https://finbold.com/guide/buy-stellar-with-paypal/" rel="noopener noreferrer nofollow">Stellar</a> has been “going nuts, and no one is talking about it” as the price of XLM neared a critical threshold of $0.10, as observed in a <a href="https://finbold.com/guide/chart-patterns/" rel="noopener noreferrer nofollow">chart pattern</a> analysis shared in a <a href="https://twitter.com/Nebraskangooner/status/1673671168736346115" rel="noopener noreferrer nofollow">tweet</a> by the pseudonymous <a href="https://finbold.com/guide/cryptocurrency-trading/" rel="noopener noreferrer nofollow">crypto trading</a> expert Nebraskangooner on June 27.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/ee06ab0f388d456abf750d9a38dd1343.jpg" />Stellar price in June. Source: <a href="https://twitter.com/Nebraskangooner/status/1673671168736346115" rel="noopener noreferrer nofollow">Nebraskangooner</a><h2 id="header-0">Stellar price analysis</h2>Indeed, Stellar was at press time changing hands at the price of $0.09565, which represents a gain of 4.42% on the day, as well as an increase of 20.81% across the previous week, and an 8.32% advance on its monthly chart, according to the latest data.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/3859f3fe22df4790a41ed20f3468f122.png" />Stellar 7-day price chart. Source: <a href="https://finbold.com/cryptocurrency/stellar/" rel="noopener noreferrer nofollow">Finbold</a>Meanwhile, one of the factors triggering the price spike could be the recent <a href="https://twitter.com/StellarOrg/status/1672297000430370822" rel="noopener noreferrer nofollow">announcement</a> that the<a href="https://finbold.com/guide/best-cryptocurrency-trading-platforms/" rel="noopener noreferrer nofollow"> crypto exchange</a> <a href="https://finbold.com/review/coinbase-review/" rel="noopener noreferrer nofollow">Coinbase</a> had introduced support for USD Coin (<a href="https://finbold.com/cryptocurrency/usd-coin/" rel="noopener noreferrer nofollow">USDC</a>) on the Stellar network, providing near-instant and low-cost transactions in over 180 countries.As the team explained on its Twitter page:<blockquote>“From remittances and real-time payments to global fiat and <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> on/off ramps, USDC on the Stellar network delivers real-world utility for both businesses and individuals alike.”</blockquote>Furthermore, the platform has <a href="https://twitter.com/StellarOrg/status/1671976641818664960" rel="noopener noreferrer nofollow">announced</a> integration with crypto payments infrastructure company MoonPay, allowing users to seamlessly buy and sell <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrencies</a> (including XLM) across more than 160 countries around the world.At the same time, Stellar has integrated with the money transfer platform MoneyGram to facilitate streamlined deposits and withdrawals of cash from <a href="https://finbold.com/guide/crypto-wallets/" rel="noopener noreferrer nofollow">crypto wallets</a> via USDC on Stellar without a <a href="https://finbold.com/guides/banking/" rel="noopener noreferrer nofollow">bank</a> account, as the company <a href="https://twitter.com/StellarOrg/status/1671578764264996864" rel="noopener noreferrer nofollow">stated</a> on June 21.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

Stellar (XLM) meteoric rise catches crypto traders off guard

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