As the final crypto market experiences a slight achieve in whole market cap, Stellar (XLM) stands out with a considerable quantity of worth improve during the last week. Based on data from CoinMarketCap, the XRP competitor is up by 17.61%, outperforming each different prime 100 cryptocurrency prior to now seven days. 

XLM To Attain $1?

With XLM at the moment hovering across the $0.13 worth zone, there are speculations on the following motion. Apparently, a crypto analyst with the identify EGRAG CRYPTO on X (previously Twitter) predicts that XLM might rise to $1 if sure situations are met. 

Based on the analyst’s post on September 8, this bullish prediction is fashioned on a possible crossover between two technical indicators, particularly the 200-day Shifting  Common (MA)and the 21-day Exponential Shifting Common (EMA).

To elucidate, the MA indicator displays the typical worth information over a selected time period, e.g., 200 days. It’s continually up to date and can be utilized to establish commerce areas and acknowledge market traits.

Alternatively, The EMA performs an analogous perform however with a concentrate on more moderen worth factors. On account of its technique of calculation, the EMA reacts to cost adjustments quicker than the MA. 

Based mostly on EGRAG CRYPTO’s prediction, if there may be an upward crossover of the 21 EMA and 200 MA on XLM’s weekly chart, there’s a risk the token might expertise a 500% worth surge within the coming months, surpassing the greenback mark to commerce at $1.10. 

This prediction is especially primarily based on historic worth information, as XLM witnessed an analogous huge worth achieve when this crossover occurred between 2020 and 2021. 

Nevertheless, it’s price stating that each one predictions are speculations with out ensures and shouldn’t be relied on as funding recommendation. 

One other Partnership For Stellar?

In different information, the Stellar group seems to expect a large optimistic replace within the subsequent few days. On September 2, Stellar Growth Basis shared with its crypto community that “One thing cool is dropping in 10 days”. 

This announcement was effectively obtained, with the XLM token rising by 10% within the subsequent 24 hours. Apparently, some lovers predict Stellar might announce a brand new partnership within the coming week.

The blockchain community has already collaborated with firms equivalent to American remittance agency MoneyGram and Circle, the corporate behind the USDC stablecoin. In reality, Stellar announced a minority funding in MoneyGram earlier in August. 

For now, it stays unknown what this new growth could possibly be. Nevertheless, there may be the likelihood it might elicit some impact on XLM’s worth trajectory.

On the time of writing, XLM is buying and selling at $0.132, having gone up by $0.132 within the final day. In tandem, the token’s each day buying and selling quantity has gained by 21.33% and is valued at $119.14 million.


XLM buying and selling at $0.1308 on the hourly chart | Supply: XLMUSDT chart on

Featured picture from Stellar, chart from Tradingview.

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