Cryptocurrency

Stellar

One distinctive aspect of the cryptocurrency realm is the continuous surge of innovation aimed at achieving broader acceptance. In a recent development, Stellar cryptocurrency revealed plans for a mainnet upgrade to Protocol 20, emphasizing the need for businesses and developers to ready themselves for this impending update by providing a comprehensive guide. Will XLM price explode in 2024? Let’s take a look at this&nbsp;<a href="https://cryptoticker.io/en/stellar-xlm-price-crash-as-hype-seems-to-be-over/" rel="noopener noreferrer nofollow">Stellar price prediction</a>&nbsp;article in more detail. <img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/XLMUSD_2024_01_02_10_39_18_60f224e71e.png" alt="">
As of now, the&nbsp;<a target="_blank" href="https://coinmarketcap.com/currencies/stellar/" rel="noopener noreferrer nofollow">Stellar price stands at $ 0.133156</a>, accompanied by a 24-hour trading volume of $ 85.52M. Stellar’s market cap is $ 3.76B, and it holds a market dominance of 0.21%. Over the last 24 hours, the price of XLM has seen a positive shift, experiencing a 4.27% increase.
On January 4, 2018, Stellar achieved its highest price, reaching an all-time high of $ 0.930121. In contrast, the cryptocurrency hit its lowest price on November 18, 2014, at its all-time low of $ 0.001227. Following its all-time high, the lowest price observed was $ 0.027660 during the cycle low. Conversely, the highest XLM price since the last cycle low reached $ 0.796465 at the cycle high. Currently, market sentiment predicts a bullish trend for Stellar, while the Fear &amp; Greed Index indicates a value of 71, signifying greed.
Stellar’s circulating supply is currently at 28.27 billion XLM out of a maximum supply of 50.00 billion XLM. The yearly supply inflation rate is 10.01%, resulting in the creation of 2.57 billion XLM in the last year. In terms of market cap, Stellar holds the top position in the Stellar Network sector and is ranked 17th in the Layer 1 sector.
<a target="_blank" href="https://partner.bitget.com/bg/cryptoticker" rel="noopener noreferrer nofollow">—&gt; CLICK HERE TO BUY XLM&lt;—</a>
<h2 id="h-is-stellar-xlm-price-poised-for-a-substantial-surge">Is Stellar (XLM) Price poised for a substantial surge?</h2> <img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/XLMUSD_2024_01_02_10_40_39_5cfde1d301.png" alt="">
Having established a foundation above the $0.1201 mark, Stellar lumens initiated a renewed uptrend against the US Dollar. The XLM/USD pair surpassed the $0.1249 resistance area, propelling it into positive territory.
The ascent continued as the price overcame the $0.1301 hurdle and the 55 simple moving average (4 hours). The momentum drove the price to $0.1378 before experiencing a corrective decline, breaching the $0.133 support level.
Presently, the price is trading beneath the 50% Fibonacci retracement level of the upward movement from the $0.1207 swing low to the $0.1381 high. XLM is currently positioned above $0.1249 and the 55 simple moving average (4 hours). Additionally, a crucial bullish trend line is taking shape, offering support around $0.1279 on the 4-hour chart.
On the upside, resistance is encountered near the $0.1313 zone, with the subsequent significant barrier at $0.1349. A decisive breakthrough above $0.1349 may propel the price toward the $0.1377 level.
Further gains could drive the price towards the $0.1420 level or potentially $0.1500. Initial downside support lies around the $0.128 mark. The next significant support is at $0.1250 or the 76.4% Fibonacci retracement level of the upward movement from the $0.1206 swing low to the $0.1383 high. Sustained losses might lead the price toward the $0.1200 level soon.
<a target="_blank" href="https://partner.bitget.com/bg/cryptoticker" rel="noopener noreferrer nofollow">—&gt; CLICK HERE TO BUY XLM&lt;—</a>
<h2 id="h-will-stellar-price-explode-in-2024">Will Stellar price explode in 2024?&nbsp;</h2>
Over the past year,&nbsp;<a href="https://cryptoticker.io/en/stellar-xlm-price-soars-as-upcoming-plans-unveiled-buy-xlm/" rel="noopener noreferrer nofollow">Stellar (XLM) has displayed</a>&nbsp;remarkable growth, witnessing an 86% increase in its price. This upward trajectory is further supported by its current position above the 200-day simple moving average, indicating a sustained positive trend.&nbsp;
Notably, in the last 30 days, XLM has experienced 18 green days, constituting 60% of the period. However, it is noteworthy that Stellar has been outperformed by 54% of the top 100 cryptocurrencies over the past year, including prominent assets like Bitcoin and Ethereum.&nbsp;
Despite its impressive gains,<a target="_blank" href="https://cryptoticker.io/en/stellar-xlm-price-explosion/" rel="noopener noreferrer nofollow">&nbsp;XLM remains 86% below</a>&nbsp;its all-time high, suggesting potential for recovery. The cryptocurrency’s medium liquidity, determined by its market capitalization, adds a layer of stability to its trading environment.&nbsp;
Additionally, with a yearly inflation rate of 10.01%, Stellar faces the challenge of balancing growth with inflationary pressures. As the market dynamics continue to evolve, investors will keenly observe whether Stellar can capitalize on its recent positive momentum and navigate the competitive landscape to regain ground against its peers.
<a target="_blank" href="https://partner.bitget.com/bg/cryptoticker" rel="noopener noreferrer nofollow">—&gt; CLICK HERE TO BUY XLM&lt;—</a>
<h2 id="h-is-xlm-a-good-buy-in-2024">Is XLM a good buy in 2024?&nbsp;</h2>
On December 18, Stellar initiated a comprehensive overhaul by upgrading and resetting its testnet. Subsequently, Stellar Core, Horizon, Soroban RPC, and Stellar SDKs saw the release of the latest Protocol 20 version. Marking a crucial milestone,&nbsp;<a target="_blank" href="https://stellar.org/blog/developers/protocol-20-upgrade-guide" rel="noopener noreferrer nofollow">Stellar announced</a>&nbsp;that its network validators are scheduled to cast their votes on January 30, 2024, at 15:00 UTC, to determine the commencement of the Mainnet Upgrade.
Anticipating the successful execution of this upgrade, Stellar proactively disseminated a guide directed at businesses and developers within its network. The guide primarily outlines the steps to install upgraded versions of all Stellar-related software, ensuring compatibility with the new Protocol 20 specifications.
The overarching objective of this impending upgrade revolves around augmenting functionality, performance, security, and stability, all of which are poised to have a positive impact on Stellar’s operations. For a more detailed insight into the developments leading up to the Mainnet Upgrade, stakeholders are encouraged to refer to the roadmap provided by Stellar.
<a href="https://cryptoticker.io/en/what-is-stellar-heres-how-xlm-can-outperform-xrp-in-2022/" rel="noopener noreferrer nofollow">Stellar (XLM)</a>&nbsp;stands out as a compelling investment choice within the cryptocurrency sphere. Its appeal lies in its practical application, specifically addressing real-world issues such as international payments. Beyond its utility, the current market conditions suggest that XLM is on the brink of a significant surge.&nbsp;
XLM is currently at an unprecedented low, presenting a lucrative buying opportunity. Seizing the chance to acquire XLM at its current low point could position investors for substantial profits, as per the enthusiast’s optimistic outlook. Presently, the Stellar price is $0.13, making it an attractive entry point for those seeking substantial returns. Consider positioning yourself strategically in XLM to capitalize on its potential for future growth and profitability.
<h2 id="h-buy-cryptocurrency-with-bitget-with-the-cheapest-fees">Buy Cryptocurrency with Bitget with the CHEAPEST Fees</h2>
<a target="_blank" href="https://partner.bitget.com/bg/cryptoticker" rel="noopener noreferrer nofollow">Bitget</a>&nbsp;stands out as a reliable crypto exchange. It provides a user-friendly interface, making it easy for both beginners and experienced traders to navigate and make transactions at the lowest fees on the market. To get started with&nbsp;<a target="_blank" href="https://partner.bitget.com/bg/cryptoticker" rel="noopener noreferrer nofollow">Bitget</a>, you need to create an account, complete the necessary KYC procedures, and then you can begin trading a variety of altcoins available on the platform.
<a target="_blank" href="https://partner.bitget.com/bg/cryptoticker" rel="noopener noreferrer nofollow">—&gt; CLICK HERE TO BUY XLM&lt;—</a>

Stellar Price Prediction: Is Stellar (XLM)Worth A Big Investment in 2024?

Tabla de contenidos

CryptoTicker ENG

Otros artículos publicados el 23 abr 2024

Solana Price Prediction as SOL Surges Past $160 – Time to Buy?

ORDI Price Prediction 2024: Will the ORDI Price Rise to $1,000?

Bitcoin miners underwater as production costs surge post-halving

Dogecoin’s Monthly Gains Remain in the Green as Meme Coins Slip; Investor Interest Penetrates thi...

MEME Coin Mania: BEFE Coin Steals the Show This Week

Crypto Prices Today April 23: Bitcoin At 66K, ETH Dips, Pendle, XRP & SOL Rally

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!