In
crypto market news, internationally renown asset manager
Franklin Templeton has moved to Europe, importing its
tokenized treasury fund on the Stellar network. This news is contained in a wave of optimism about the Stellar Lumens (
XLM) cryptocurrency. Traders have spotted a
bullish flag on the XLM chart, with a projected price target of
$1.80. Furthermore, Stellar's XLM coin is showing
strong fundamentals and reports predict an explosion in XLM price, which could equate to growth of up to
5x. It is recognised among experts that Stellar is a
direct competitor to another popular cryptocurrency XRP, and both have seen
significant growth recently. Importantly, remittances token
Remittix is set to make the gains of both XRP and Stellar seem minuscule in comparison. Financial platform 1Fuel is also challenging the dominance of Stellar post-launch with its innovative technology.A
Ripple-resignation announcement spurred XLM, XRP, and ADA, resulting in leading market gains. XLM's price surged by
30%, and a
60% rally from traders is perceived. Other recent highlights include Stellar's coin
climbing over 187% and
XRP overperforming in the Stellar spotlight. An interesting trend is that investors may be moving from Stellar and Dogecoin to buy a $0.12 cryptocurrency. Overall, Stellar Lumens' price could be in for a correction after XLM's price had an overnight sensational jump of
56%.
XLM Coin News Analytics from Fri, 22 Nov 2024 08:00:00 GMT to Wed, 19 Feb 2025 20:31:26 GMT -
Rating 7
- Innovation 8
- Information 7
- Rumor -2
