Stellar, the XRP competitor, is back in popularity ater Ripple’s exponential rally. Founded by a Ripple co-founder the altcoin has jumped over 450% and is now showing signs of exhaustion. With these signs of slowing momentum will Stellar price manage to hit $1 in December 2024?

Stellar Price Analysis: Will XLM Cross $1 Mark Before 2024 Ends?

Stellar price was trading at $0.55 on Tuesday, November 3, down by 15% from its highest level in November. On the positive side, the coin is showing signs of forming a bullish pennant chart pattern, which is a popular sign of a continuation. A pennant is characterized by a vertical line and a symmetrical triangle pattern. 

In most periods, this pattern often leads to a strong bullish breakout, especially when it is supported by high volume.

The XLM price has also moved above the 50-week and 200-week Exponential Moving Averages (EMA). It also remains above the key psychological level at $0.50 and the resistance level at $0.4400, its highest level in November 2021.

Stellar’s Market Value to Relative Value (MVRV) has slipped to 2.7 but remains significantly above its lowest level this year. The indicator remains below the extreme level of 6, which it reached in 2021.

Therefore, more Stellar Lumens gains will be confirmed if it blasts above the year-to-date high of $0.6347. A move above that level will be a signal that there are more bulls left in the market, who will be keen to push it to the all-time high of $0.80. A move to $1 will be confirmed if it rallies above that resistance level.

On the flip side, a drop below the support at $0.4402, its November 2021 high will invalidate the bullish view. Such a move will raise the odds of mean reversion, a situation where an asset drops to its mean. If this happens, Stellar price may drop to the key support at $0.20, its highest level in July 2023.

XRP To Determine The Next XLM Price move

Whether the Stellar lumens price jumps to $1 will depend on the next price action of Ripple. That is because the two cryptocurrencies often have a close correlation since they are in the payments industry. Also, Stellar was started by Jed McCaleb, a Ripple co-founder.

The two coins have jumped because of the recent Donald Trump victory and the impending changes at the Securities and Exchange Commission (SEC). Analysts expect that Ripple’s legal tribulations will end soon, opening for a potential XRP ETF. Similarly, Canary Capital has already filed for a spot XLM ETF, which could be approved in 2025, leading to more institutional investment. 

Therefore, the odds of the XLM token hitting $1 will increase when Ripple continues its bullish trend.

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Robinhood Crypto EU on Wednesday said it has decided to add Stellar (XLM) to crypto transfers, increasing the number of cryptocurrencies supported in the service. XLM price continued to drop as traders considered a broader market sentiment, with price down 1% in the last 24 hours. Will this likely lead to adding XRP next?

Robinhood Crypto Now Supports Stellar (XLM)

Commission-free investing app Robinhood Europe’s crypto arm in an official announcement on October 23 revealed that it has added XLM to cryptocurrencies supported in crypto transfers.

Moreover, users can withdraw and deposit their XLM on the platform for a 1% deposit bonus. It will be available for a limited time.

Robinhood Crypto now supports $XLM transfers.

Withdraw and Deposit #XLM with a 1% deposit bonus for a limited time.

Terms apply. Download the app: https://t.co/sb4gDoO6Ls#RobinhoodOnchain pic.twitter.com/sONd3LIhuY

— Robinhood Crypto EU (@RobinhoodCrypto) October 23, 2024

Crypto transfers allow European customers to deposit and withdraw over 25 cryptocurrencies, including Bitcoin, Ethereum, Solana, and USDC. It offers users control, security, and crime insurance, along with educational program benefits.

This week, the crypto platform also added Solana to crypto transfers as the Solana ETF launch odds buzz in the crypto community. Similarly, a potential launch of XRP ETF has also witnessed rising speculation. Robinhood listed XRP on the platform for trading, but for EU users only.

As coinpress reported, the company excluded tokens from the crypto transfer feature launched earlier this month. These are Ripple’s XRP, zkSync (ZK), Wormhole (W), Arbitrum (ARB), Cosmos (ATOM), Polkadot (DOT), EOS, Fantom (FTM), Jupiter (JUP), Near Protocol (NEAR), Optimism (OP), Celestia (TIA), Toncoin (TON).

“With the launch of crypto transfers in Europe, we’re making self-custody and entering DeFi simpler and more accessible for our customers,” said Johann Kerbrat, VP and GM of Robinhood Crypto.

XLM Price Fails to Rebound

Traders didn’t respond to the announcement by Robinhood. XLM price continues to trade 1% lower in the last 24 hours. XLM price currently trades at $0.09429. The 24-hour low and high are $0.09434 and $0.09663, respectively. However, the trading volume has increased by 17% in the last 24 hours, indicating interest among traders.

On the contrary, the derivatives market has seen positive buying in the last 24 hours. Total XLM futures OI jumped over 3% to 320.31 million valued at $30.18 million, as per Coinglass data.

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The first half of October saw relatively sideways trading for most major cryptocurrencies as global tensions like the Israel-Iran war weighed on market sentiment. However, as the market stabilizes, investors are eagerly awaiting a potential recovery rally in the latter part of the month. With renewed optimism on the horizon, three key XRP rivals are positioning themselves for significant gains. These digital assets could offer impressive returns, potentially turning a modest $200 investment into $2000 as we head into a promising Q4 rally. Minotaurus ($MTAUR) has gained attention alongside these rising contenders.

Top 3 XRP Rivals to Turn $200 into $2000 This Quarter

Ripple, the company known for its cross-border payment solutions, is once again under the spotlight following the U.S. SEC’s appeal to overturn the court ruling that determined programmatic sales of XRP to retail investors did not breach securities laws. The move hints at a prolonged legal battle for Ripple and a stalled recovery for the native cryptocurrency XRP.

As the asset signals the possibility of extended consolidation, these XRP rivals are poised for a major rally in Q4.

Stellar (XLM)

Stellar price prediction tops our list of XRP rivals due to its strong focus on cross-border payments and remittances, much like Ripple’s mission. The XLM price is currently $0.09 and holds a market cap of $2.77 Billion.

The asset has traded sideways for nearly three years, resonating within a triangle pattern. With the pattern acting as a long-accumulation trend, the XLM price is poised for a 45% rally to challenge the overhead trendline at $0.13.

A sustained breakout from this resistance will intensify the bullish momentum and drive a rally past $0.24.

Emerging Opportunity: Minotaurus ($MTAUR)

In addition to the promising XRP competitors, Minotaurus ($MTAUR) is emerging as a noteworthy opportunity in the crypto landscape. Currently priced at $0.00005966, offered at a significantly lower value compared to its anticipated listing price of $0.00020. The presale has already surpassed $105,000, reflecting strong community interest and engagement.

Minotaurus combines engaging gameplay with the utility of its $MTAUR token, enabling players to unlock special features, customize avatars, and access exclusive zones within the game. Early participants have already experienced around a 50% increase in value, with projections indicating a potential rise of approximately 235% once the token officially lists.

As XRP rivals vie for attention in the market, Minotaurus stands out in the growing casual gaming sector, valued at nearly $15 billion. With its focus on community engagement through referral incentives and a robust tokenomics model, Minotaurus is well-positioned to capture the market’s interest as part of the evolving cryptocurrency landscape. This placement highlights Minotaurus’s potential alongside established projects,  positioning itself as a competitive and emerging cryptocurrency opportunity.

Buy Now

Toncoin (TON)

The layer-1 cryptocurrency Toncoin is gaining investors’ attention with its airdrop facility and several others. The TON price is down 0.1% today and continues the three-month correction under the influence of a downsloping trendline.

With sustained selling, the altcoin is poised for an 11.26% drop to retest the $4.58 support and recuperate the bullish momentum.

According to Santiment data, the largest holders of TON (with wallet sizes ranging from 1 million to 10 million tokens) have been steadily increasing their holdings since last August. Their cumulative holdings have reached 31.2 million tons, reflecting growing confidence among major investors.

Cardano (ADA)

Among XRP rivals, the Cardano coin shows a similar triangle pattern structure in a lower time frame chart. Currently trading at $0.35, the ADA price is poised to prolong this consolidation until the chart setup is intact.

A potential breakout from the overhead trendline at $0.39 will conclude the accumulation trend and position ADA price for higher recovery.

Moreover, the 30-day Market Cap to realized cap ratio (MVRV) indicates the short traders are witnessing a loss. A prolonged correction could trigger panic selling among them while attracting big players to drive stable growth.

Conclusion:

While Ripple coin faces prolonged consolidation due to the U.S. SEC’s recent appeal, XRP rivals like Stellar (XLM), Toncoin (TON), and Cardano (ADA) are gaining momentum. With strong whale accumulation and favorable technical patterns, these altcoins are positioned for significant rallies in Q4.

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The XRP price is trading at $0.53, showing an intraday gain of 1.6%. This resilience amid the broader market correction may be attributed to Ripple’s recent developments to enhance programmability on the XRP Ledger (XRPL), expanding smart contract capabilities. However, if XRP price reversal fails, the top coins to watch are Stellar (XLM), Solana (SOL), Cardano (DOGE), Avalanche (AVAX), Plokdaot (DOT)

Cryptos to Watch Amid Ripple’s XRP Future Plans Reveal

Earlier this month, Ripple shared some new insights on the protocol plans to enhance programmability on the XRP Ledger (XRPL). These improvements aim to expand the platform’s smart contract capabilities, allowing developers to build a wider array of decentralized applications (dApps) directly on XRPL. 

With the integration of Hooks and sidechains, developers can customize transaction logic and create tailored solutions while maintaining XRP’s high efficiency and low cost. These updates further position XRPL as a powerful tool for DeFi, NFTs, and other use cases, fostering a more versatile and scalable ecosystem.

Stellar (XLM)

Stellar (XLM) leads our top coins to watch as it is the closest competitor to XRP’s goal for a cross-border payment system. The recent update from Brad Garlinhouse indicates Ripple’s dominance in this niche, which impacts Stellar’s user activity.

According to Coinglass data, XLM’s open interest has showcased a sluggish downward trend since late July, settling at $27.4 million. This consolation indicates less interest from market participants in opening new positions, which, if prolonged, creates a negative sentiment.

By the press time, the stellar price prediction shows a current trading price of $0.093, while the market cap holds at $2.7 Billion.

Solana (SOL)

Among the coins to watch, Solana holds its position firmly due to its low transition fees and speed. By press time, the SOL price had traded at $135, while the market was stable at $63 billion.

The asset has recently faced a notable correction to $120 following the vampire attack from Tron’s Sunpump platform. As the SOL price stabilized from mounting selling pressure, the network witnessed a sudden spike in new addresses, reaching its peak at 2.81 million, according to the block.

The growth indicates the rising user base and engagement in the Solana network, a core signal to drive natural demand for SOL. For a detailed analysis, check out our top crypto to buy.

Cardano (ADA)

Cardano (ADA) stands for a key player in decentralized applications and sustainability. Its native cryptocurrency, ADA, currently trades at $0.34, while the market cap boosts to $12 Billion. 

According to Santiment data, the 30-day MVRV (Market Value to Realized Value) ratio stands at -5.83, indicating that short-term traders are in a loss position. MVRV ratio measures if an asset is overvalued or undervalued by comparing its current market cap to the price holders paid. 

A negative MVRV value often suggests a heightened risk of panic selling, which can extend market corrections. However, such conditions historically signal a potential recovery, as the exit of speculative traders tends to attract long-term investors looking for value making it one of the coins to watch. 

Avalanche (AVAX) 

The layer-1 cryptocurrency Avalanche (AVAX) showcased a V-top reversal from $28 to $23.7 within two weeks, accounting for a 12% loss. Consecutively, the market cap plunged to $9.6.

Despite an active correction trend, the total address with AVAX balance records continue to grow to hit 8.8 Million addresses, according to Intotheblock analytics recently.

This on-chain growth indicates a growing user base and market participation for the AVAX protocol. With sustained buying, the Avalanche price prediction could target a tally past 25.

Polkadot (DOT)

Polkadot (DOT) is a multi-chain blockchain platform that enables different blockchains to interoperate. Under the influence of a downsloping trendline, the DOT price witnessed a steady downfall from $11.8 to $4.25—a 64% decrease in the past six months.

Among other coins to watch, DOT shows Open interest from $387.5 Million to $183 Million, accounting for a 52% drop. The decreasing OI highlights market participants’ disinterest in asset trading, often leading to a prolonged correction.

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Stellar (XLM) price has experienced a notable increase, climbing over 7% in the past week. This rise coincides with a broader recovery across the cryptocurrency market. As Bitcoin maintains its position above the $58,000 mark, the market overall appears bullish. However, Stellar’s price trajectory still faces challenges in sparking a sustained rally.

Stellar Price Surges as Open Interest Grows: A Bullish Sign?

According to Coinglass, trading activities have seen notable shifts in the recent period. The overall trading volume has decreased by 3.83%, settling at $35.49 million. This downturn reflects a cooling interest or potential consolidation phase within the trading market. 

In contrast, open interest, which indicates the total number of outstanding derivative contracts that have not been settled, has increased by 2% to $32.69 million. This rise suggests fewer trades may occur, and the interest in holding positions remains robust, possibly indicating more cautious among traders.

Stellar Price Forecast: Can XLM Break Past $0.15?

Over the past 24-hours, the Stellar price has experienced volatile trading, moving in a range of $0.09889 to $0.1006. The altcoin is hovering above $0.1, eying further gains with bullish momentum observed in the late trading hours. 

At the time of writing, the XLM price is trading at $0.1003, surging 1.08%. This price action represents a minor recovery from the recent lows, capturing the interest of investors looking for opportunities in the fluctuating cryptocurrency market.

With the current market recovery, the Stellar price is witnessing a significant rebound, which may signal the onset of a bullish trend. XLM could break past the $0.15 resistance level if this upward momentum persists. A breakthrough at this point might propel its value toward $0.2 and potentially even reach $0.3 in the near future.

The 4-hour technical indicators for XLM show a promising upward trend in recent sessions. The moving Average Convergence Divergence (MACD) presents a bullish crossover, as the MACD line (blue) is positioned above the signal line (orange), suggesting a potential upward momentum in the price of XLM. 

This is corroborated by the histogram, which has shifted into positive territory, indicating increasing bullish momentum. The Chaikin Money Flow (CMF), another key indicator, has fluctuated around the zero line, indicating a balance between buying and selling pressures.

However, if market sentiment shifts to the negative, the Stellar price prediction could find support around the $0.09 level. In a sustained downturn, its price may dip further, potentially approaching $0.08. These fluctuations highlight the inherent volatility typical of the cryptocurrency market.

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Stellar, a decentralized blockchain platform enabling seamless cross-border payments, has recently sent the crypto space abuzz. The blockchain’s native token, XLM, gained nearly 12% today, garnering optimism across the industry. This price rally comes against the backdrop of a stockpile of bullish market dynamics. So, let’s take a closer look at them.

Stellar’s On-Chain Data Signals Market Uptrend

According to data streamlined by Coinglass, the cryptocurrency Stellar is currently experiencing a significant market uptrend. Notably, the coin’s Futures OI saw a remarkable 47.24% increase to $42.01 million today. This hinted at increased money inflow within the derivatives market, underscoring investor interest in the asset.

Simultaneously, the derivatives volume surged 229.81% to $184.91 million, hinting at increased trading activity. Coupled with today’s price gains, the derivatives market data points toward increased market enthusiasm for the asset, painting an optimistic scenario at press time.

However, today’s data also illustrated comparatively more short liquidations, sparking investor speculations. Coinglass liquidation data showed $224.18K in short and $59.47K long, sparking concerns over future price movements. However, a recent upgrade to the Stellar network has mainly negated the bearish market sentiments.

Earlier this month, the project introduced Soroban, the smart contract platform on the network, prioritizing performance, sustainability, and security across its ecosystem. This development further magnetizes users and developers from across the globe, staging as a potential bullish factor for long-term prospects.

Also Read: Stellar (XLM) Testnet Upgraded To Protocol 21, Will It Impact Price?

XLM Price Rallies

At press time, the XLM price saw an 11.79% increase in value to rest at $0.102. The token’s 24-hour lows and highs were recorded as $0.09054 and $0.1041, respectively.

XLM’s market cap surged 11.82% to $2.98 billion today, whereas its 24-hour trading volume surged 120.04% to $158.85 million.

Meanwhile, Stellar price analysis by coinpress Media shows that the weekly technical chart is developing a bullish reversal pattern called the rounding bottom. This means that the downtrend is bottoming as investors showcase a renewed buying interest, as also hinted by the derivatives data.

Additionally, the crypto market analyst Crypto Tony has recently taken to X, spotlighting the token’s potential to challenge its resistance of $1. Market participants may see further upside movements if the token maintains a break above this resistance.

Also Read: Stellar (XLM) Eyes New Era With Mega Upgrade, Will Validators Fall in Line?

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Stellar (XLM), one of the pioneering blockchain networks renowned for its focus on facilitating cross-border transactions, currently set its sights on a new era with the impending introduction of smart contracts through the Protocol 20 upgrade. As the network braces for this monumental upgrade, all eyes turn to the validators whose vote will determine the course of Stellar’s future.

The Road to Stellar Protocol 20 Upgrade

Earlier this week, the Stellar Development Foundation announced the availability of a comprehensive suite of software supporting Protocol 20. This development signals that all technical prerequisites for the upgrade are in place, setting the stage for validators to cast their votes.

The release of Protocol 20 marks a crucial milestone, as it represents the culmination of extensive efforts to enhance the capabilities and opportunities within the Stellar ecosystem. This Stellar upgrade paves the way for Soroban smart contracts to be integrated into the network, unlocking a plethora of innovative possibilities for developers and users alike.

Upon the successful passage of the vote, the ecosystem will embark on a carefully orchestrated process to implement the upgrade responsibly. This phased approach is designed to ensure the continued performance, security, and stability of the network while gradually introducing Soroban transactions and monitoring their impact.

The decision rests in the hands of the network validators, whose role is paramount in ensuring the integrity and consensus of the Stellar blockchain. Their vote will not only shape the immediate future of the network but also influence its long-term trajectory. If the validators fall in line, Stellar is poised to begin a new era with room to support innovation.

Impact on XLM and the Stellar Ecosystem

The impending upgrade to Protocol 20 has sparked renewed interest in Stellar’s native token, XLM. 

At the time of writing, XLM is trading at $0.1195, reflecting a 2.5% increase in the past 24 hours and an 8% rise over the previous week. With a circulating supply of 28 billion XLM, Stellar commands a market capitalization of approximately $3.4 billion.

The uptick in XLM’s value highlights the market’s anticipation of the Protocol 20 upgrade and its potential implications for the Stellar ecosystem. As smart contract functionality joins the mix XLM could witness heightened utility and demand.

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Stellar Development Foundation (SDF) announced that the Protocol 20 upgrade will be delayed. Stellar said the decision comes after input from developers and other stakeholders in the ecosystem.

Therefore,SDF has chosen to “disarm” its validators, halting their ability to vote for the upgrade initially scheduled for January 30.

In a post on Saturday, Stellar emphasized a wide-ranging consensus for the crucial upgrade with Protocol 20. SDF said it wants to ensure all parties are adequately prepared.

A bug led to the delay

Notably, on January 25, SDF alerted the community about a bug in Stellar Core v20.1.0. This bug potentially affects applications and services using fee bumps for Soroban transactions following the upgrade to Protocol 20.

Despite SDF’s assessment that the bug poses minimal risk, it sought input on how to proceed. Eventually leading to the decision to delay the upgrade.

Stellar noted in the post, “Upgrading the network is not something SDF does alone, and to inform the decision about whether to move forward given the bug, we opened threads on the Stellar Dev Discord and our developer mailing list, and encouraged the ecosystem to weigh in.”

Now, the decision around Protocol 20 lies in the hands of the validators as an open-source community, SDF noted. They face two primary choices: proceed with the upgrade if a quorum is reached, or maintain the current Protocol 19 if a quorum is not achieved.

XLM price holds stable

Validators who wish to disarm their voting capabilities can reportedly do so using a specific command in stellar-core.

Amid this, the market response appears muted. Stellar native XLM is trading at $0.1159 at press time. It experienced a slight 0.2% increase in the last 24 hours and a 0.40% rise over the past week.

With a circulating supply of 28 billion XLM, Stellar holds a market capitalization of approximately $3.29 billion. Despite the critical nature of the Protocol 20 upgrade and the ensuing discussions, the market impact on XLM’s price remains relatively stable.

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In a recent development that has caught the attention of the cryptocurrency community, Ripple’s Chief Technology Officer, David Schwartz, has shed light on the intriguing correlation between Ripple (XRP) and Stellar’s XLM. This phenomenon has long been a topic of speculation among investors and analysts alike.

XRP-XLM Correlation Debate Stirs Crypto Community

David Schwartz, a respected figure in the digital currency space, addressed the curious trend of XRP and XLM mirroring each other’s market movements. He emphasized that such correlations among digital assets are not uncommon, attributing this pattern to the broader market’s ongoing process of evaluating and pricing these assets. This explanation resonates with the fact that the crypto market is still maturing, where investors are continually adjusting their understanding and valuation of different cryptocurrencies.

Schwartz expressed his scepticism by responding to the notion that Bitcoin’s influence on market liquidity is a primary driver behind this correlation. The cryptocurrency market is known for its complexity and multifaceted nature, making it challenging to pinpoint a single factor as the definitive cause of such trends. This statement opened up the floor for further discussions, with community members proposing a range of potential causes, from algorithmic trading strategies to the hypothesis of a singular entity manipulating both XRP and XLM prices.

David Schwartz Explores Deep XRP-Stellar Price Connection

Another layer to this discussion is the shared history between XRP and XLM. Stellar, the organisation behind XLM, was founded by Jed McCaleb, who co-founded Ripple. This connection has often been cited as a possible explanation for the observed price synchronization. However, Schwartz’s insights suggest that the issue might be more complex, potentially involving a mix of market psychology and historical correlations.

As of the latest market data, XRP is trading at $0.59986968 with a total market capitalisation of approximately $32.3 billion. In contrast, XLM stands at $0.12008567, boasting a market cap of about $3.3 billion. Despite these market size and valuation differences, both cryptocurrencies exhibit similar growth patterns, further fueling the debate around their price correlation.

Read Also: Cardano Founder Charles Hoskinson Denies Partnership With XRP

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The crypto market is trading with mixed sentiments today. Over the weekend, the cryptocurrency market was range-bound and is still moving in the same direction. The fear and greed index for cryptocurrencies also held constant throughout the weekend but declined as soon as the week began. With a score of 35/100, the index is currently in the fear zone.

Bitcoin’s (BTC) price, is still below the $30,000 threshold at $25,698.19 and is down by around 1.13% only in the last day. Other well-known altcoins, Cardano (ADA), Solana (SOL), and Polkadot (DOT) experienced losses on the other side of the border.

Ethereum is trading at $1,621.84,  with a 1% decrease in the last 24 hours. Among other prominent cryptocurrencies, the XRP coin price observed a loss of 0.93%. Solana also faced beatings, with its price decreasing by 2.89%. On the other hand, Polygon (MATIC), which traded on red lines a few days back, is again up by 1.15%  since the last day.  Polkadot coin price saw a decrease of almost 1.10% in one day. 

The realm of meme cryptocurrencies tells the same story. In the past 24 hours, Dogecoin’s price decreased by around 0.21%, while Shiba Inu’s token price is down by almost 3.40%, in the last 24 hours.

The crypto market today is primarily bearish with very few exceptions. The global crypto market cap has decreased vividly since yesterday and now stands at $1.04 trillion. The 24-hour crypto market volume is $24.27 billion, with a more than 15.78% increase.

The top 4 cryptos for today are:

• Pepe coin is down by 2.95%

Pepe coin price is facing the bears today after facing gains yesterday. The price is down by almost 3% since yesterday. It is trading at $0.0000007933, at the time of writing. It holds a global market cap of $310.82 million. It will be evident that prices have recovered if the PEPE Coin price rises over $0.00000083.

• GALA crypto token is down by 5.61%

GALA token is down by more than 5% in the last 24 hours. Its price is trading at $0.01587, the the time of writing. It holds a global market cap of $371,240,341. After Wright Thurston and Eric Schiermeyer, co-founders of Gala, initiated litigation against one another, the price dropped.

Also Read: Elon Musk’s X Corp Taps Public Data for AI Ambitions

• ASTR crypto token is down by 5.44%

Astar’s ASTR coin is also facing the bears today. ASTR token price is down by more than 5% in the last 24 hours.  Its price is trading at $0.05271, the the time of writing. It holds a global market cap of $275,852,145. One significant milestone for Astar occurred when Binance officially began operations in Japan. At the time of its debut, ASTR was one of 34 tokens supported by Binance Japan for trading. However, the news failed to show any long-term price recovery.

• XLM token is up by 3.98%

Stellar’s XLM token is up by almost 4% in the last 24 hours. Its price is trading at $0.1274, the the time of writing. It holds a global market cap of $3,510,726,493. As reported earlier by coinpress Media, the price surge comes after a Saturday’s X post teased that “something cool is dropping in 10 days.”

Also Read: Nearly 300,000 Ethereum Transferred to Coinbase By Two Whales, ETH Price Dump Soon?

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Significantly, Stellar’s XLM has been capturing headlines with its impressive increase, confidently trading beyond the $0.12 mark. This surge sets Stellar apart from many other top-performing cryptocurrencies and raises eyebrows in the investment community.

Moreover, Santiment, a market analytics firm, points to an even brighter future for XLM. They hint at the possibility of a “larger breakout,” making Stellar a hot topic among market analysts and investors.

Stellar’s Mysterious Announcement Adds Fuel 

Earlier this month, Stellar ramped up excitement by hinting at a “massive reveal” scheduled for September 12—the cryptic social media message—”Gear up for a change that has us all thrilled. Stay on your toes”—has left many intrigued and speculative. 

Besides the teasing announcement, Santiment highlights that XLM is an asset consistently shorted by the crowd. Therefore, ongoing liquidations could push the asset’s price upward, offering a growth catalyst. This move adds another layer to the market’s growing fascination with Stellar and the upcoming announcement.

XLM/USD Market Analysis

Bullish momentum has prevailed over the previous 24 hours, with Stellar’s (XLM) price jumping from an intraday low of $0.116 to a 24-hour high of $0.126 before encountering resistance. If bulls manage to push prices over $0.126, they may have their sights set on the next resistance level at $0.135.

XLM/USD 1-day price chart

However, if the resistance around $0.126 proves firm, retreating to the $0.120 support level is likely before any more positive movement.

Consequently, XLM’s market capitalization and 24-hour trading volume increased by 5.89% and 112.92%, respectively, to $3,348,891,902 and $168,025,766. This market capitalization and trading volume growth suggests increased interest and activity in XLM, which might add to the potential upside gains.

All eyes are on Stellar’s upcoming announcement and market performance. With its current trajectory and the market’s palpable anticipation, XLM might just be gearing up for a game-changing moment.

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The crypto market follows a slightly bullish pattern today. Bitcoin (BTC), continued to trade below the $27,000 level over the weekend as investor reluctance stemmed from the US Securities and Exchange Commission’s (SEC) decision-making process over spot Bitcoin exchange-traded funds (ETFs). The Fear And Greed Index continues at the fear zone and now stands at 35/100.

Bitcoin’s (BTC) price, is still below the $30,000 threshold at $26,002.43,  however up by around 0.50% only in the last day. Other well-known altcoins, Cardano (ADA), Solana (SOL), and Polkadot (DOT) experienced gains on the other side of the border.

Ethereum is trading at $1,638.99,  with a 0.19% increase in the last 24 hours. Among other prominent cryptocurrencies, the XRP coin price observed a gain of 2.13%. Solana also faced gains, with its price increasing by 1.45%. On the other hand, Polygon (MATIC), which traded on red lines a few days back, is again up by 0.71%  since the last day.  Polkadot coin price saw an increase of almost 0.23% in one day. 

The realm of meme cryptocurrencies tells a different story. In the past 24 hours, Dogecoin’s price decreased by around 0.17%, while Shiba Inu’s token price is down by almost 0.87%, in the last 24 hours.

The crypto market today is primarily bullish with very few exceptions. The global crypto market cap has decreased vividly since yesterday and now stands at $1.05 trillion. The 24-hour crypto market volume is $20.95 billion, with a more than 2.12% increase.

The top 4 cryptos for today are:

• Pepe coin is up by 3.65%

Pepe coin price is facing the bulls today after facing losses a few days ago. The price is up by almost 4% since yesterday. It is trading at $0.0000008148, at the time of writing. It holds a global market cap of $319.24 million. While the bullish upswing for the Pepe coin appears to be accurate, coinpress Media previously stated that this recovery will still be influenced by a falling channel pattern.

• SNX crypto coin is up by 7.61%

Synthetix’s SNX coin is also facing the bulls today. DYDX token price is up by more than 7% in the last 24 hours.  Its price is trading at $2.11, the the time of writing. It holds a global market cap of $569,748,531. This is encouraging because the SNX price has been in a steady decline, giving up the majority of its gains and moving back toward the area of earlier demand. 

Also Read: Solana Founder Cautions Against Detrimental Rivalry With Ethereum

• XLM crypto token is up by 7.91%

Stellar’s XLM coin is up by almost 8% in the last 24 hours. Its price is trading at $0.1226, the the time of writing. It holds a global market cap of $3,367,759,147. The reason for the price increase over the weekend is unknown. The fact that the devs teased big news that would be released next week is most likely the cause. What that news will be and how it will affect the XLM currency are still unknown.

• GALA token is down by 9.12%

GALA token is down by more than 9% in the last 24 hours. Its price is trading at $0.01672, the the time of writing. It holds a global market cap of $391,352,532. A total of 8,645,014,077 GALA tokens were allegedly stolen from the company, according to documents filed with the United States District Court for the District of Utah by GALA co-founder Eric Schiermeyer against fellow founder Wright Thurston and his business True North United Investments, LLC.

Also Read:  JPMorgan: SEC Has No Option But to Approve Spot Bitcoin ETF

The post Crypto Prices Today: Market Mostly Bullish With Pepe Coin, XLM And SNX Showing Gains appeared first on coinpress.

When it comes to the best cryptos under $1, the options are abundant. Investors often target projects within this range as they are affordable and usually experience significant price increases on their way to the $1 price level. To aid your due diligence, we have selected the 10+ Best Cryptos Under $1 That Could Explode In 2024.

The post 10+ Cryptos Under $1 To Explode In 2025 – Invest Before It’s Too Late appeared first on coinpress.

While the crypto market is still struggling with uncertainty, the XLM buyers show their commitment with a bullish breakout from the descending triangle pattern. Completing this pattern should bring a strong directional rally for coin holders. However, the $0.13 mark remains a formidable barrier to Stellar price recovery,

Key points: 

• A 20-and-100-day EMA nearing a bullish crossover could accelerate the ongoing bull run
• A bullish breakout from $0.13 is needed to confirm the Stellar price recovery
• The intraday trading volume in the XLM is $270.5 Million, indicating a 137% gain.

Source- digitalcoinprice

The Stellar price has followed a descending triangle pattern for the past four months. The altcoin has tested the pattern’s downsloping trendline and the $0.1 neckline support multiple times indicates the traders are actively responding to these levels.

Though this price pattern encourages the continuation of the prevailing downtrend once the prices break the support neckline. However, in rare cases, the price may invalidate this bearish if the buyers could breach the overhead trendline.

Despite the recent sell-off in the crypto market with the release of US unemployment data, the Stellar price managed a steady recovery. Backed by rising volume activity, altcoin gave a bullish breakout from the overhead trendline.

This breakout indicates a switch in market sentiment from selling on rallies to buying on dips. This development should offer suitable footing for buyers to extend the ongoing recovery. As per the technical setup, the Stellar price rally should drive the altcoin 20% high to $0.15.

However, the coin buyers could face strong resistance at the $0.13 mark, as it has limited bullish growth room for the past three months. Thus, the safe traders can enter once the gives daily candle closes above $0.13.

Technical Indicator

Bollinger band: the Stellar  prices hitting the upper band suggests the buying activity has exceeded the normal price range. This indicator’s trendline should encourage it to consolidate above the $0.15 resistance.

RSI: the daily-RSI slope reflecting a similar growth-like price action indicates the market sentiment supports a bullish recovery. 

Stellar Price Intraday Levels

• Spot rate: $0.125
• Trend: Bullish
• Volatility: High
• Resistance level: $0.13 and $1.15
• Support levels: $0.113 and $0.1

The post This Chart Pattern May Encourage Stellar Price To Outperform Bitcoin appeared first on coinpress.

The Stellar price responds to two technical setups; the first is descending triangle pattern, and the other is a rectangle range between the $0.13 and $0.1 barriers. The coin price is currently trading at $0.1146, and these two setups should influence its near-term future.

Key points: 

• A dissenting triangle pattern keeps the Stellar price 
• A bullish breakout from the resistance trendline will invalidate the bearish pattern
• The intraday trading volume in the XLM is $270.5 Million, indicating a 137% gain.

Source- digitalcoinprice

Amid the recent sell-off in the crypto market, the Stellar coin price reversed from the confluence resistance of the downsloping trendline and $0.13. This downfall breached local support of $0.1168 and plunged the prices 17.7% down to $0.1070. 

However, a high volume retested to the breached $0.1168 level indicates a weakness in bearish momentum. Moreover, the 20-and-50-day EMA currently supports the prices to resume their prior recovery.

If buyers breach this overhead resistance, the altcoin could rise 7.5% higher to hit the downsloping trendline. Until the Stellar price is below the mentioned trendline and $0.13, the coin holders can maintain a bearish bias.

Moreover, the nature of this triangle pattern is to resume the established downtrend. Thus, a breakdown below the $0.1 neckline support will accelerate selling pressure and sink the coin price to $0.09.

On a contrary note, a breakout from the resistance trendline will undermine the bearish thesis and may encourage buyers to surpass the $0.31 ceiling.

Technical Indicator

EMAs: the flattish EMAs(20, 50, and 100) slope highlights a sideways rally. Moreover, the coin price is currently wavering between a narrow range formed by a 100-day EMA and combined support of 20-and-50-day EMAs.

Vortex indicator: despite a recent correction, the VI+ and VI- slope prevented a bearish crossover. Moreover, the increasing gap between the indicator’s slope indicates the bullish momentum rising.

Stellar Price Intraday Levels

• Spot rate: $0.113
• Trend: Sideways
• Volatility: Low
• Resistance levels: $0.116 and $1.21
• Support levels: $1.064 and $1

The post Stellar Price Analysis Hints 7.5% Jump Before The Next Bear Cycle appeared first on coinpress.

The rising Stellar (XLM) price projects a recovery possibility with a double bottom pattern at the $0.1 mark. With sustained buying, the bulls will retest the neckline resistance of $0.15 after a 3.3% rally. However, this low volume recovery lessens the confidence for a bullish breakout, and thus, the interested buyer should wait for a daily candle closing above neckline.

Key points: 

• A double bottom pattern will assist buyers in rechallenging the $0.15 resistance
• A possible reversal from the neckline resistance will invalidate the bullish pattern
• The intraday trading volume in the XLM is $107.9 Million, indicating a 31.4% gain.

Source- Tradingview

The XLM/USDT pair has been in a range-bound rally for the past three months. Furthermore, the $0.13 resistance and $0.1 support acted as the crucial barrier, which limited the price action to a confined range.

Amid the recent sell-off in the crypto market, the XLM price revisited the bottom support of $0.1. However, the price rebounded from this support with a massive bullish candle, indicating the traders are still actively buying at this level. 

This reversal indicates a new bull cycle within this range, which sets a potential bull run to a range resistance of $0.13. Though the destination is marked, the Stellar price currently trades at $0.11 and is gradually rising to the $0.15 supply zone.

Concerning this resistance, the daily technical chart shows a double bottom pattern formation in the daily time frame chart. In response to this pattern, the buyers should surpass this neckline resistance.

A breakout entry from the $0.115 resistance should accelerate the bullish momentum and drive the prices 14% higher to the $0.13 resistance.

However, the volume activity lags despite a strong recovery, indicating a slight weak in bullish momentum. A bearish reversal from the $0.115 resistance will keep the prices wavering at the $0.1 bottom support.

Technical Indicator

RSI: the XLM buyers maintain an uptrend in the underlying bullishness evident by the ascending trendline highlighting the Bullish divergence. Therefore, the indicator signals an Upcoming breakout entry opportunity for sideline buyers. 

DMI indicator: the Bullish crossover in the DI lines reverses the bearish alignment quickly after the previous event, sabotaging the trend control. However, the falling trend momentum evident by the falling ADX line questions the breakout rally’s strength. 

• Resistance levels: $0.115 and $0.12
• Support levels: $0.1064 and $0.1

The post Rising Stellar Price Aims For $0.13 Mark; Buy Now? appeared first on coinpress.

The XLM correction rally pivoted from the $0.187 support level. Under the influence of an inverted head and shoulder pattern, the buyers would drive the altcoin to an overhead ceiling of $0.24. However, the coin price may face multiple EMA barriers, which could stall the upcoming rally.

Key points: 

• An upturn in 20-day EMA would offer a bullish crossover with 50-day EMA
• The XLM price forms an inverted head and shoulder pattern.
• The intraday trading volume in the XLM is $458.7 Million, indicating a 39.3% gain.

Source- Tradingview

Responding to the evident bullish RSI divergence, the XLM/USDT pair gave an upside breakout from the descending trendline on March 16th. The recovery rally soared the coin price by 34.5% and hit the overhead resistance of $0.24.

However, with the Bitcoin price dumping to the $40000 support, the XLM price turned down from the overhead resistance and discounted by 22.8%. The buyers stalled the correction rally at $0.185 and reflected a new recovery attempt which soared the coin price to $0.2.

Furthermore, the technical chart displayed an inverted head and shoulder pattern formation. Following the bullish reversal pattern, the altcoin would ascend back to the $0.24 mark.

A successful breakout from this $0.24 or $0.25 resistance would trigger this pattern and plump the XLM price by another 20-25%.

Technical indicator

In a bearish sequence, the slight decline in the crucial EMAs(20, 50, 100, and 200) suggests an overall bear trend. Moreover, the 20-and-50-day EMA aligned at the $0.206 mark tries to undermine the bullish rally.

However, the RSI(38) slope reentering the bullish territory indicates a bullish sentiment in short-term

• Resistance levels- $0.21, and $0.24
• Support levels- $0.185 and $0.66

The post Stellar Price Prediction XLM Is Set For $0.24 With An Inverted H&S Pattern appeared first on coinpress.

There were three altcoins swimming against the tide: Stellar, XRP, and Terra. Over the last 24 hours, as Bitcoin retraced on its chart, most of the industry’s altcoins followed suit. However, XLM, XRP, and LUNA continued to display bullish sentiments. Today’s global cryptocurrency market cap was at $2.25 Trillion, after noting a decline of 3.1% over the last day.

Stellar/USD Four-Hour Chart

Stellar was priced at $0.263 after it rose by 3.7% over the last 24 hours. XLM’s price had been on an uprise ever since the beginning of December. However, the coin had formed a descending triangle in the last couple of weeks. The coin was seen above the 20-SMA line, indicating a decrease in selling pressure. However, near-term technicals haven’t ruled out the chances of a price reversal.

Immediate resistance for the coin stood at $0.291, and the local support was $0.262. Stellar has witnessed periods of massive sell-offs. However, the Relative Strength Index was seen above the midline at the time of writing.

RSI will dip below the midline in the immediate trading sessions if the bullish momentum loses its force. The Directional Movement Index chose the bulls. However, a downtick was noted, signifying a possible downturn of XLM’s prices.

XRP/USD Four Hour Chart 

The fear index suggested that the market was still quite apprehensive about investments. Despite that, XRP moved up its chart by 3.3%. At press time, the coin was trading at $o.85. The altcoin’s downward channel was met by an ascending triangle that was formed over the last couple of weeks. In the last week also, XRP was mainly consolidating with brief recovery periods thrown in between. The trading range remained between $0.91 and $0.74.

In the last week, XRP appreciated over 3%, which has been reflected in the Relative Strength Index. The indicator displayed bullishness as XRP touched the overbought zone for the first time in over a month and a half. At press time, however, there was a dip in buying pressure.

On Balance, Volume highlighted an increase in buying pressure in the market. Chaikin Money Flow suggested that capital inflows dipped shortly after it appreciated. A fall in prices would cause XRP to trade near $0.74.

Terra/USD Four Hour Chart

The double top that LUNA had formed had confirmed that the coin would soon retrace. However, at press time, Terra logged a 3.1% gain. LUNA was now trading within an ascending price channel that signifies an uptrend.

Exchanging hands at $76.91, the next target for LUNA’s prices was $80. A fall below the current price level meant that Terra would be priced at $76.49 and then $66.65.

Today, among the top gainers was LUNA; the coin displayed highly overbought conditions as reflected in the Relative Strength Index reading.

Capital inflows steadily moved upwards in the past few days, although there was a slight downtick on the Chaikin Money Flow. MACD remained quite bullish after a bullish crossover, and it emanated green histograms at the time of writing.

The post Price Analysis: Stellar, XRP, And Terra Appreciate Above 3% appeared first on coinpress.

In a bid to offer a cross-border business-to-business B2B payment option for businesses, Tribal Credit has now collaborated with top crypto exchange Bitso and the Stellar Development Foundation. By virtue of this partnership, the region will see use cases for blockchain technology improve, even on a substantially wider scale.

Tribal Credit On A Mission

Basically, the enterprise payment platform Tribal Credit is made for startups and growing SMEs hoping to find better ways of paying their business expenses as well as  optimizing their financial management.

As a result, this new collaboration effort will see to it that companies situated in Mexico, can pay for goods and services in their native currency — the peso, while their business counterparts in the United States can also receive the payments in dollars (USD).

Now, where Stellar comes in is that the service will be backed by the Stellar blockchain — a decentralized open-source payment network specialized in multi-currency transactions.

Bitso exchange will facilitate Tribal Credit’s cross-border payment system by affording merchants the capability of exchanging pesos to Stellar’s USDC stablecoin.

Recall that Bitso was a major part of El Salvador’s successful rollout of the state-issued Bitcoin (BTC) wallet Chivo.

What Informed The Choice of Partners?

Speaking about the partnership and how the choices were made, the chief research scientist for Tribal Credit Ehab Zaghloul mentions in a written statement that while Bitso exchange aligns with Tribal’s mission to “promote financial inclusion and democratize access to financial services,” Stellar also offers very fast transactions at a near-zero rate.

And seeing as the region is not exactly crawling with a lot of traditional financial institutions, cryptocurrencies offer an alternative financial service for residents of Latin America, especially considering the fact that everyone with as simple as a little smartphone can transact in crypto.

The post Tribal Credit Partners With Bitso and Stellar To Ease Cross-border B2B Payment appeared first on coinpress.

• Shiba Inu’s market cap expands significantly, making it the 12th largest cryptocurrency.
• The Stellar Foundation partners with MoneyGram to enable crypto payouts in local currencies.

Bitcoin extended the rally above $55,000 and nearly touched $56,000, followed closely by other cryptocurrencies. Ethereum has settled above $55,000 at writing while bulls appear ready for the next attack mission to $4,000.

Shiba Inu rally kept roaring into the mid-week session, where it entered the top 20 and closed in on the top ten. The self-proclaimed Dogecoin killer boasts a $15.5 billion market up, elevated it to the 12th spot in the market.

Stellar is among the best performing cryptocurrencies on the day following a partnership with MoneyGram. The cross-border money transfer token had grown by over 13% to trade at $0.36 at writing.

Shiba Inu:-

Shiba Inu Started its journey to the moon aboard a spaceship crafted by Elon Musk. The billionaire and CEO of Tesla posted a picture of his pet Floki, a Shiba Inu. As fans reacted to the caption “Floki is finally here,” Shiba Inu price began rocking upward, first ‘deleting a zero) and subsequently exploding to $0.000035.

Wednesday, the Dogecoin spinoff was among the most traded cryptocurrencies, with a volume dwarfing major altcoins like Cardano, Ripple, Dogecoin, and Solana. At writing, SHIB has corrected to $0.00003. The four-hour chart shows the token forming a red candlestick wick, implying that the price has the potential to keep the uptrend intact.

Realize that the token’s technical picture remains positively affirmed by the MACD and the RSI. The former has sustained a buy signal while the latter holds in the overbought region, still pointing upward.

SHIB/USD Four-Hour Chart

Stellar:-

MoneyGram and the Stellar Foundation have entered into a partnership to see the former support crypto payouts in the users’ local currencies. According to an announcement made on Wednesday, the payments service provider will settle payments in Circle’s USDC while converting crypto to local currencies.

Stellar’s blockchain will help MoneyGram integrate the whole network with the United Texas Bank, functioning as the settled bank between Circle and MoneyGram. CEO of MoneyGram said that his company is bullish on the role of stablecoins in enabling faster cross-border payments.

Meanwhile, Stellar trades at $0.36 after extending the bullish leg from levels above $0.3 in less than 24 hours. The token faces immense resistance in the supply zone in red. A break above this level could quickly boost Stellar above $0.4.

XLM/USD Four-Hour Char

All applied technical indicator suggests that buyers have the upper hand based on the MACD, the position of the moving averages and the RSI.

The post Shiba Inu (SHIB), Stellar (XLM) Price Analysis: October 7, 2021 appeared first on coinpress.