Sun 24 Nov 2024 ▪
3
min reading ▪ by
Eddy S.
2024 has been an exceptional year for Stellar (XLM), with a spectacular rise of 485% in one month. Over the past week, the token has surged 190%, bringing its market capitalization to $17.3 billion, putting it just outside the top 10 cryptos by market capitalization.
Crypto – Stellar (XLM) explose en 2024
Stellar, launched in 2014 by Jed McCaleb and Joyce Kim, aims to facilitate international financial transactions quickly and affordably. This crypto network allows money to be moved and stored, providing an alternative to traditional payment services that are often expensive and slow.
Recently, Stellar experienced a real rally that propelled the price of XLM to $0.564863, currently up 31.12% in the last 24 hours. An impressive performance attributed to several factors, including the growing adoption of Stellar’s crypto technology and strategic partnerships with major financial institutions.
For example, partnerships with international organizations like the United Nations and the World Bank have boosted Stellar’s credibility and adoption. Additionally, increased investor interest in cryptos in general has contributed to this bullish momentum.
Future outlook
Following this recent rally, Stellar (XLM) has surpassed Shiba Inu and its market cap of $15.7 billion. If this trend continues, XLM could soon enter the top 10 crypto by capitalization, rivaling giants like Bitcoin and Ethereum.
However, this surge is not without risks. Analysts warn of a possible short-term correction, given the speed and magnitude of the price rise. Crypto investors should remain vigilant and closely monitor market developments.
In short, Stellar (XLM) is experiencing a period of exceptional growth, attracting the attention of investors and financial institutions around the world. As an alternative for asset transfer and with a rapidly growing market capitalization, XLM is well positioned to continue to grow. However, caution is required in the face of the volatility inherent in the crypto market.
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Eddy S.
The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in everything that directly or indirectly relates to blockchain and its derivatives. In order to share my experience and raise awareness of a field that fascinates me, there is nothing better than writing articles that are informative and relaxed at the same time.
DISCLAIMER
The comments and opinions expressed in this article are those of the author alone, and should not be considered investment advice. Do your own research before making any investment decisions.
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