Despite the recent negative market trend, XLM, the governance token of the Stellar blockchain, is defying the odds in the crypto market.

According to CoinGecko, the token has experienced substantial gains in all timeframes, with the highest increase seen in the bi-weekly timeframe at nearly 29%.

This recent market rally can be attributed to on-chain developments that have propelled XLM to new heights.

Recently, the official Twitter accounts of Circle and Stellar announced that USDC, one of the largest stablecoins in the market, is now available on the CoinMe wallet. This move significantly expands the reach of both organizations and highlights the advantages of the Stellar ecosystem and potentially give a boost in price to XLM.

ICYMI: #USDC on @stellarorg is now available in the @Coinme wallet. 

Excited to help additional communities experience reduced costs and faster settlements for peer-to-peer transactions. https://t.co/JqS7t4gbbZ

— Circle (@circle) March 28, 2023

Stellar Links With Polkadot

Adding to the bullish momentum, Stellar has now been connected to Polkadot through the Pendulum parachain, which is being touted as the final link between fiat and DeFi.

USDC will also flow between Polkadot and Stellar, further advancing Stellar’s position as a bridge between the traditional financial system and the crypto market. This position was already strengthened by its 2021 partnership with Moneygram, a fiat cash transfer platform.

Stellar’s recent efforts to position itself as a money transfer and payments platform could help restore USDC’s reputation as a safe asset for investors. However, it may take some time for the market to fully regain trust in USDC as a stablecoin, and caution may still prevail.

XLM: Upbeat In Overcoming Bearish Sentiment 

Meanwhile, XLM has encountered resistance at the $0.1129 level, which could lead to potential downside in the coming days. If the bulls succeed in overcoming this resistance, we may see further upside for the token. However, given the current bearish trend in the market, this outcome is uncertain.

For now, monitoring the momentum of the general market would be beneficial for the bulls. As of writing, XLM can enjoy a high correlation with Bitcoin if the latter picks up momentum again. At $0.1097, can XLM bulls continue the rally?

Overall, the XLM team is confident in its ability to navigate the bearish market sentiment and continue to grow in value. By focusing on adoption, technology, and community engagement, they believe that XLM will remain a strong investment opportunity in the cryptocurrency market.

#xlm #stellar #Binance #crypto2023 #BTC

The Stellar (XLM) price has cleared a long- and short-term resistance level, a forewarning of a potential pump.

The Stellar price has increased since the beginning of the year and broke out from a descending resistance line in January. Before the breakout, the line had been in place for 616 days. Breakouts from such long-term structures usually lead to significant upward movements.

After validating the line as support (black icon), the XLM price reclaimed the $0.100 long-term resistance area. This is the next step in a bullish trend reversal. If the upward movement continues, the next resistance would be at $0.235.

The weekly RSI supports the continuation of the increase since it has finally moved above 50 (red icon). The previous time the RSI decisively broke out above 50 (green icon) was in November 2020, preceding a 900% price increase.

As a result, a similar massive price surge may follow.

XLM/USDT Weekly Chart. Source: TradingView

Stellar (XLM) Price Surges After Breakout

The technical analysis from the daily time frame supports the bullish outlook from the weekly one. On March 21, the price broke out from a short-term descending resistance line and then moved above the $0.095 minor resistance area. Afterward, it reached a new yearly high of $0.114 on April 1. However, the XLM price has fallen since the 0.618 Fib retracement resistance level rejected it.

Nevertheless, the readings from the weekly and daily time frames are decisively bullish, supporting the continuation of the increase. As a result, the Stellar price is expected to create a higher low and resume its upward movement.

Since the increase is likely part of a five-wave upward movement (black), a fall below the wave one high (red line) of $0.099 would invalidate the bullish price forecast. In that case, the XLM price could fall toward its yearly low close to $0.070.

XLM/USD Daily Chart. Source: TradingView

To conclude, the most likely XLM price forecast is bullish. The price is expected to gradually move toward the long-term resistance at $0.230. However, a fall below $0.099 would invalidate this bullish forecast and could lead to a drop toward $0.070.

#stellar #xlm #Binance #crypto2023 #crypto

In the ever-shifting environment of cryptocurrency, some assets are exhibiting encouraging signs and blockchain developments that make it worthwhile to examine them as prospective investments in the coming weeks.

Finbold has analyzed the cryptocurrency market and come up with a list of possible "to buy" assets for the month of July, some of which are now valued at $0.10 per digital asset or lower.

Stellar (XLM)

Stellar (XLM) has quietly been soaring to new heights, escaping the spotlight of mainstream attention. Stellar's remarkable surge has gone unnoticed amidst the tumultuous market fluctuations that dominate discussions, according to a pseudonymous crypto expert.

At the moment, Stellar is changing hands at $0.09981, up 5.26% on the day, demonstrating consistent upward movement across its various charts.

Over the past 24 hours, it has experienced a substantial increase of 5.61%. Impressively, it has achieved a significant advance of 23.63% over the course of the last seven days and demonstrated commendable growth of 10.28% in the previous month.

Across the last week, XLM has been up 19.68% with a $2.6 billion market cap. XLM has a $0.09525 support level and a $0.10879 resistance level.

This notable upswing can be attributed to a series of positive announcements, such as the integration of MoneyGram, which has contributed to Stellar's burgeoning potential and added to its appeal in the eyes of astute investors.

IOTA (MIOTA)

According to Chairman of the Board of Directors and Co-Founder Dominik Schiener, a prominent figure in the IOTA (MIOTA) community, IOTA is exceptionally well-positioned as a preferred distributed ledger technology (DLT) for tokenization.

Within the IOTA protocol, assets are seamlessly integrated as integral components, enjoying the same high level of security, scalability, and feeble nature as the IOTA token itself. This unique characteristic has sparked considerable interest and led to numerous adoption projects centered around harnessing this potential.

As of now, IOTA is trading at $0.1816, experiencing a slight decline of 4.59% during the day. However, it has demonstrated an impressive upward trend of 9.07% over the past week, culminating in a market capitalization of $504 million.

A noteworthy advancement on the IOTA platform is the introduction of Stardust, a cutting-edge feature facilitating the creation of Non-Fungible Tokens (NFTs). This technology simplifies and enhances the ability of businesses and individuals to create and trade NFTs.

Recently, IOTA established a partnership with the Maldives Central Bank, signaling their commitment to exploring blockchain use cases in collaboration with notable institutions.

Terra Classic (LUNC)

On June 24, an anonymous group of blockchain developers unveiled a proposal aimed at revitalizing the dormant Terra Classic (LUNC) ecosystem and propelling it to new heights.

With a Q3 spend proposal requesting a budget of $116,000 for a three-month period, the group expressed their determination to diligently fulfill their responsibilities if their proposal gains approval.

To rejuvenate the Terra chain and restore its vitality, the group put forth several ideas designed to inject new life into the ecosystem. These initiatives encompassed various aspects, including token burns, the introduction of a TerraClassicUSD (USTC) testnet, and the implementation of FeeShare and Alliance modules, among other suggestions.

As a result, LUNC may well be worth keeping on your radar in July, as despite the epic crash in 2022, the cryptocurrency remains in the top 100 by market cap, ranked at $0.00008798, down 3.34% in the past 24 hours

#lunc #stellar

In the ever-changing cryptocurrency landscape, XLM, the native digital currency of the Stellar blockchain, has recently experienced an enormous surge in its price. Over the past few weeks, Stellar has been gaining widespread recognition as an efficient and low-cost digital payment network, attracting a growing number of users and businesses.

Additionally, investor sentiment received a major lift following Ripple’s major legal victory against the US Securities and Exchange Commission (SEC). Notably, US judge Analisa Torres ruled that XRP is not an unregistered security, introducing a fresh optimism boost for the strongly correlated XLM.

The aforementioned set of catalysts propelled XLM to new heights, with the crypto token now targeting $0.20 – a milestone price point it last reached in April 2022.

XLM price analysis

At press time on July 20, XLM was trading at $0.17, up 21.6% in the past 24 hours.

Over the past week, XLM saw its price surge around 75%, while its monthly gains stand at an astonishing 112%. Over the past 30 days, Stellar’s market cap skyrocketed from $2.13 billion to $4.56 billion.

From a technical standpoint, the crypto asset is in a good place. In particular, XLM is trading well above its major moving averages (MAs) after its price surge last week helped it clear key resistance levels.

Supposing that bullish pressure remains strong, Stellar could go as high as $0.24 during this run, where its next strong resistance zone is located.

With the latest price jump, Stellar has been the best-performing cryptocurrency on daily charts for two consecutive days.

Why is XLM rallying?

There is a string of factors that contributed to Stellar’s remarkable rally. Most notably, XLM is significantly correlated with XRP due to its shared objectives and underlying technology.

The two cryptocurrencies soared sharply last week after Judge Torres ruled that Ripple did not violate federal securities regulations by selling XRP on public exchanges.

More recently, XLM has also been boosted by Stellar’s major partnerships that are facilitating the adoption of its payment solutions. On July 19, leading Latin American crypto exchange Bitso integrated Stellar’s Anchor Network to allow companies worldwide to make low-cost USDC payments to Argentina, Mexico, and Colombia.

Meanwhile, Coinbase, the second-largest cryptocurrency exchange in the world, also integrated with Stellar recently and now fully supports USDC deposits and withdrawals through its blockchain network.

$XLM #stellar

1 XLM price prediction is currently at $0.13 (press time); XLM is up by 34.98% in the last 24 hours.

2 XLM recorded a 408% increase in 24-hour trading volume.

XLM Network price prediction implies that bulls are showing great enthusiasm regarding XLM token. However, the price of XLM crypto is trading above the critical EMAs on the daily time frame. The price action indicates that bulls presently have a stronghold over the market. After taking a retest from the 50 EMA, Steller price surged dramatically, making an engulfing candle of more than 95% within a day.

However, the sellers are starting to step into the market according to the dark cloud cover candlestick pattern. Although, the buyers can attempt to reclaim control over price action if they lose their hold as there is exuberant buying pressure in the market and the price action indicates that sellers were not successful in dampening buyers optimism.

Despite the bullish optimism in the market, the price is presently moving in the middle of the market structure. Investors may prefer to wait for an ideal opportunity to enter the price action once XLM token takes a pullback. The immediate support zone for XLM price is near $0.1200 on the one day chart.

The present value of XLM is $0.13 and it has a market capitalization of around $3.62 Billion (press time).

Significant Surge In Social Engagement Levels: XLM Network

The total engagement level and bullish sentiment of the buyers are rising significantly on the weekly chart on the LunarCrush platform. The upsurge in these parameters suggests that the community is bullish and gaining interest in the token.

The total bullish sentiment metric increased by 74.76%, whereas the total social engagement level is up by 160.03% which suggests that the community is active regarding the token across various social media platforms.

The majority of Lunarcrush parameters are highlighted in green which is an indicator of investors’ bullish sentiments expressed across various social media channels.

XLM Network Price Prediction: Technical Analysis On 1 Day Timeframe

The RSI oscillator is taking a pullback from the 14 SMA near the overbought zone. The current value of RSI is 64.42 points, whereas the 14 SMA is providing support to it at 60.15 points. It could see a further increase in value shortly.

The stochastic RSI line is facing rejection from the median line. The value of the stochastic RSI is 44.16 points.

Conclusion

As per the analysis, XLM Network price prediction is that the price is presently moving in the middle of the market structure.

Technical levels –

Support – $0.0800

Resistance – $0.1600 and $0.1400

$XLM #stellar

In a recent tweet, former banker Kyren shared his fascinating views on how XRP and XLM could disrupt the world of payments.
Leveraging his extensive experience in the banking industry, Kyren shed light on the inherent flaws within the traditional financial system and why he believes XRP and XLM hold the potential to revolutionize the sector.
The Flaws of Legacy Payment Systems
Kyren pointed out the inefficiencies of international payments, which often take up to two days and incur high fees or substantial transaction percentages. He emphasized the transformative power of cryptocurrencies like XRP and Stellar Lumens (XLM) in addressing these challenges.
According to Kyren, XRP and XLM allow for rapid and cost-effective value transfers on a global scale, with fees costing only a fraction of a cent. He confidently stated that this revolutionary capability could render payment service providers (PSPs) and Nostro accounts obsolete.
One significant revelation from Kyren’s insights was the potential for banks to eliminate the necessity of Nostro accounts by utilizing XRP for large transfers. Nostro accounts, typically maintained by banks, tie up funds to ensure liquidity during cross-currency transactions.
Kyren argued that by adopting XRP as a bridge asset between currencies, banks could streamline their operations and bypass the need for Nostro accounts altogether. This approach would not only save time but also minimize unnecessary costs associated with managing multiple accounts.
Expanding on his vision for a transformed financial landscape, Kyren emphasized that cryptocurrencies offered a way for individuals to send money globally without the interference of intermediaries charging excessive fees, such as PayPal.
Alongside XRP and Stellar Lumens (XLM), Kyren highlighted the potential applications of other cryptocurrencies, including WadzPay (WTK), within the banking sector.
Additionally, he mentioned the potential of distributed ledger technology (DLT) to streamline banking operations. Drawing on personal experience, he humorously hinted at the possibility of DLT eventually taking over traditional tasks performed by bankers, including manual updates to payment ledger systems.

A Future of Efficiency and Innovation
In the concluding remarks of his insightful tweet, Kyren expressed his anticipation for the transformative power of blockchain technology in the payments landscape. He firmly believes that cryptocurrencies such as XRP, XLM, and WTK can usher in a more secure, instant, and efficient financial system.
“I eagerly await the day when blockchain reshapes the world of finance. In the near future, we will witness a paradigm shift that brings unprecedented efficiency and convenience,” stated Kyren with optimism.
As the financial industry continues to evolve, Kyren’s unique perspective serves as a thought-provoking reminder of the disruptive power and transformative potential that cryptocurrencies like XRP and Stellar Lumens (XLM) could bring to the payments ecosystem.
*Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#ripple #stellar $XRP $XLM

The Stellar Development Foundation (SDF) has joined the CALP Network to contribute to and learn from the collaborative efforts in Cash and Voucher Assistance (CVA) programs for humanitarian aid.Stellar Aid Assist, powered by the Stellar network, has been utilized by leading humanitarian organizations since December 2022 to deliver efficient and transparent digital payments directly to recipients.
Collaborating for Humanitarian Innovation: SDF Joins CALP
As the world grapples with increasing global emergencies, the role of humanitarian aid becomes more crucial than ever. In this context, the CALP Network stands as a formidable ally, fostering collaboration amongst organizations to enhance the capacity, coordination, and policy-making for Cash and Voucher Assistance (CVA) programs. Originating as the
“CASH LEARNING PARTNERSHIP,”
CALP’s mission revolves around themes like digital payments, gender inclusion, and locally-led CVA, ensuring that aid reaches those in need promptly and effectively.

The Stellar Development Foundation, with its roots deeply embedded in blockchain technology, has observed and learned from the CALP Network, particularly in preparing for the launch of humanitarian cash transfer programs in 2022. A year into this journey, SDF is proud to announce its new status as a member of CALP, becoming the first Layer 1 blockchain to join this influential network.
Stellar Aid Assist: A Blockchain-Powered Lifeline
Humanitarian aid, in the form of cash and voucher assistance, serves as a critical support mechanism worldwide. Stellar Aid Assist emerges as a powerful tool in this domain, utilizing the Stellar network and its surrounding ecosystem to facilitate rapid, low-cost money transfers to those in need. Since its implementation in December 2022, Stellar Aid Assist, powered by the open-source tool for global bulk payments, has demonstrated its capability to swiftly scale in crisis situations, providing a transparent and efficient digital pathway for humanitarian payments.
Addressing the Complexities of Humanitarian Aid
Humanitarian cash transfer programs are inherently complex, requiring a delicate balance between recipient choice, data privacy, technical efficiency, and the unpredictable dynamics of crisis situations. CALP Network, through its global efforts, provides clarity and support, from program design to implementation, ensuring that best practices are disseminated and evidence-based policies are advocated.
The introduction of blockchain-based solutions like Stellar Aid Assist represents a new chapter in the evolution of cash programming. While not intended to replace traditional methods, these digital innovations offer portable, stable value without the necessity of a bank account, opening doors to novel possibilities in humanitarian aid delivery.
SDF’s Journey with CALP: A Mutual Learning Experience
Joining CALP presents the Stellar Development Foundation with a unique opportunity to blend its expertise in digital payments and technology with the vast humanitarian experience of the CALP Network. This membership enables SDF to actively contribute to and learn from the network, participating in meetings, communications, and even applying for seats on CALP’s Technical Advisory Group and Board.
For SDF, this partnership is not just a strategic move but a commitment to leveraging blockchain for the greater good, highlighting the technology’s potential in even the most challenging environments and underlining its dedication to transforming the world of humanitarian aid.
⚠️Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#stellar #XLM $XLM

Stellar (XLMUSD) hit and broke today above the 1W MA200 (orange trend-line) for the first time since the week of May 02 2022. That's more than 1 year of trading below a key long-term Resistance that is now broken. The 1W MA50 (blue trend-line) has supported this price action for the past 2 weeks.

The time XLM hit the 1W MA200 during the previous Cycle, it failed to close the week above it and had a medium-term pull-back to the safety of the 1W MA50 before it started the final part of the parabolic rally from October 2020 to May 2021. Notice that the 1W RSI then was on the exact same (overbought) level it is today.

As a result, if it fails to close above the 1W MA200, we will wait for a pull-back to buy, preferably as close to the 1W MA50 as possible. If it closes above the 1W MA200 though, we will buy on the market price. In either case, we will target the top (Higher Highs trend-line) of the multi-cycle Triangle pattern at 0.7000.

#xlm #xlmusd #stellar #crypto2023 #crypto