Stellar Lumens Surges Amid Grayscale Trust and Market Optimism
TL;DR Summary
Stellar's XLM has surged over 80% in 24 hours, reaching $0.55, driven by strong buying interest and breaking resistance levels. Despite a brief retracement, analysts see potential for XLM to reach $1, with some predicting long-term growth to $3-$5 based on a bullish chart pattern. Grayscale's Stellar Lumens Trust reported a 10% asset growth, reflecting increased institutional interest. Stellar's founder, Jed McCaleb, highlighted the network's efficiency and potential in global finance.
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