21.3 C
May 18, 2024
BTC Hunts
Image default

Stellar XLM Hints at Massive Reveal on September 12: What To Expect?

The post Stellar XLM Hints at Massive Reveal on September 12: What To Expect? appeared first on Coinpedia Fintech News

The dawn of a new week has shone brightly upon Stellar’s XLM. The digital currency is gaining significant attention from investors, traders, and market analysts. Market analytics powerhouse, Santiment, recently highlighted Stellar’s noteworthy performance, hinting at a potentially larger breakout in the near horizon.

What could be driving this sudden surge in interest in Stellar? And what does Santiment mean by a “potentially larger breakout”? Read on!

Stellar’s ‘Stellar’ Performance

Stellar’s XLM has marked an impressive 11% increase, confidently trading beyond the $0.12 mark. This comes as Rocket Pool and Synthetix also report double-digit growth. While many altcoins such as Ethereum, Binance Coin, Ripple, and Cardano have recorded modest increases, Stellar clearly stands out from the pack, with SOL marking a 2% jump.

Stellar’s Mysterious Announcement

Adding fuel to the fire, Stellar took to social media earlier this month, hinting at an intriguing development set to be unveiled on September 12. Without revealing much, the tease suggested a development that could potentially generate considerable buzz in the crypto community. “Gear up for a change that has us all thrilled. Stay on your toes,” was the cryptic message they relayed.

Read More: Stellar Price Prediction 2023, 2024, 2025: Will The XLM Coin Reach $1 in 2025?

XLM Price Analysis

The uptick in Stellar’s performance also saw its 24-hour trading volume skyrocket by a whopping 163%. The market was abuzz with approximately $160 million worth of XLM changing hands, as traders and investors eagerly jumped into the action, hoping for gains.

Stellar began its recovery trajectory around September 3, maintaining its upward momentum, touching daily peaks of $0.126. Market watchers are keenly observing the range between $0.128 and $0.133, believing it to be pivotal for further bullish trends for XLM. Concurrently, XLM appears to be finding solid ground, establishing support close to the $0.11 mark.

Currently, Stellar ranks among the top daily gainers when considering the top 30 cryptocurrencies by market cap. Its recent ascent underscores the potential it holds in the dynamic and ever-volatile crypto market.

Related posts

Dogecoin (DOGE) Price Bounces Off from Support- Yet Could Slip Down to $0.05 Soon!

David Bradley

Bitcoin Poised to Surge $250K: Raoul Pal’s Bold Prediction, Ethereum & Solana in the Limelight

David Bradley

XLM Price Analysis: Retest Phase Warns Bearish Turn In Stellar Price Trend!

David Bradley