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cryptocurrency5 months ago

Crypto Gains and Legislation: Key Developments from July 13–19

The week saw significant developments in crypto, including Trump's signing of the GENIUS Act into law, increasing mainstream acceptance, and a surge in XRP's price. Notably, a Bitcoin whale moved $4.77 billion worth of BTC to Galaxy Digital, and Trump is considering an executive order to allow retirement funds to invest in crypto. Meanwhile, Stellar's XLM shows a bullish pattern, potentially rallying 35%, and legal issues continue for some crypto entities. Overall, the market remains dynamic with rising institutional interest and notable price movements.

via Cointelegraph|
#bitcoin-whale#cryptocurrency#stablecoin
cryptocurrency6 months ago

MemeCore's Explosive Growth Dominates Crypto Weekly Highlights

This week in crypto saw significant gains for MemeCore, Stellar, and Mog Coin, driven by Bitcoin's all-time high and a memecoin rally, while Jito, Tokenize Xchange, and Maple Finance experienced declines. MemeCore surged over 830%, Stellar rebounded 80%, and Mog Coin hit a six-month high, whereas Jito and Tokenize Xchange faced downward pressure, with the latter hitting a five-year low. The market was highly volatile, with notable winners and losers reflecting a dynamic trading environment.

via AMBCrypto|
#cryptocurrency#jto#memecore
cryptocurrency1 year ago

Stellar's XLM Surges Amid Record DeFi Growth and Unique Market Patterns

Stellar (XLM) has experienced a significant rally, increasing by 608% in 20 days, driven by Bitcoin's bullish trend. Despite a recent 25% pullback, XLM remains 390.5% higher than three weeks ago. The token's trading volume peaked at $2.83 billion, and the CMF indicates strong capital inflows. However, XLM is entering a retracement phase, with potential dips to $0.46 due to long liquidations. Key support levels are identified around $0.363 and $0.463, with the next bullish targets between $0.766 and $0.975.

via AMBCrypto News|
#cryptocurrency#marketanalysis#stellar
cryptocurrency1 year ago

Stellar Lumens (XLM) Surges Amid Market Optimism and Analyst Predictions

Stellar's XLM cryptocurrency has experienced a significant rally, achieving a 600% increase in November, driven by soaring derivatives demand and news of its support for the Federal Reserve's FedNow system. XLM's open interest reached a historic high of $443.99 million, contributing to its explosive price surge. Despite being overbought, the potential for increased utility and demand suggests further price action could continue into 2025.

via AMBCrypto News|
#cryptocurrency#derivatives#fednow
cryptocurrency1 year ago

Stellar (XLM) Surges: Market Cap Soars and Gains 180% in a Week

Jed McCaleb, co-founder of Ripple and creator of Stellar, argues that Stellar's XLM is an underrated cryptocurrency due to its high transaction volume, simplicity, low fees, and robust features like stablecoin issuance and a decentralized exchange. He highlights Stellar's real-world usage, efficient smart contract platform Soroban, and developer-friendly documentation. McCaleb emphasizes Stellar's mission to revolutionize digital payments, especially for unbanked communities. Recently, XLM's price surged nearly 500%, partly due to regulatory changes affecting XRP.

via U.Today|
#blockchain#cryptocurrency#jed-mccaleb
cryptocurrency1 year ago

Stellar Lumens Surges Amid Grayscale Trust and Market Optimism

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.

via CoinGape|
#cryptocurrency#marketanalysis#pricesurge
finance1 year ago

Grayscale's XLM Trust Spurs Stellar's 180% Surge Amid Ripple Comparisons

Stellar's XLM token surged 58% in value following Grayscale Investments' 10-K filing for its Stellar Lumens Trust, which reported a 10% increase in net assets despite previous losses. The price reached $0.45, its highest since 2021, but technical indicators like the RSI and Bollinger Bands suggest the token is overbought and may face a short-term decline. If the price corrects, it could drop to support levels at $0.35 or $0.23, though continued buying pressure might push it to $0.52.

via BeInCrypto|
#cryptocurrency#finance#grayscale