Recent changes have stirred the cryptocurrency market, with specific emphasis being placed on the rise of Stellla Coin or Stellar Lumens (XLM). The price of this particular crypto asset experienced a 56% surge overnight, creating significant interest from investors and the crypto community. Simultaneously, a new DeFi coin is seemingly pairing up with Stella, giving hints at potential portfolio growth. However, Stella is also reportedly due for a price drop by December 2024.
A new feature, StellaSwap, brings low-slippage trading on the Polkadot network. Against this backdrop, a Stellar-pegged stablecoin to the Swiss franc has been launched, suggesting expanding use-cases for Stellar's blockchain. Furthermore, it is used for tokenization of real-world assets providing tangible benefits.
The role of Stellar is more pronounced in the context of the Ukraine war, where it is being utilized for mass aid distribution. Adding, Stellar tokens are poised for a rally, and the foundation of Stella actively participated in halving the supply of its cryptocurrency. To strengthen its technological prowess, it is noted that Stellar joined the Bytecode Alliance to develop an Ethereum Virtual Machine (EVM) alternative.
Lastly, the Stellar Development Foundation has been chosen by the government of Ukraine to help build a national digital currency, suggesting its potential in the broader fintech sector.
Stella Coin News Analytics from Wed, 25 Sep 2013 07:00:00 GMT to Tue, 14 Jan 2025 08:00:00 GMT - Rating 5 - Innovation 3 - Information 6 - Rumor -4