The post Stellar Price Prediction As Pro Sees XLM Soaring 30% appeared on BitcoinEthereumNews.com.

After months of consolidation, Stellar price made a strong comeback this month, mirroring the performance of Ripple (XRP), which soared to $1 this week. XLM jumped to $0.2555, its highest level since January 2022 and 220% above its lowest point this year. Crypto analysts are optimistic that Stellar Lumens could continue its rally. Stellar Price Analysis As Analysts See More Gains Ahead Crypto analysts believe that XLM price has room for more gains as the rally in the industry. In an X post, CW predicted that the coin would jump to $0.31 after rising above a symmetrical triangle on the hourly chart. Harmonic Trader, another popular analyst with over 22,000 followers made a similar Stellar Lumens prediction but hinted that it will jump to $0.34. Stellar Price Analysis In another post, DogeLumens identified numerous reasons why Stellar price could continue its strong rebound. He cited factors like its ongoing relationship with MoneyGram, which enables users to withdraw their USDC coins across thousands of locations.  He also cited its role in Real World Asset Tokenization, as evidenced by the success of the Franklin OnChain US Government Money Fund, which has gained over $429 million in assets under management. The fund has an effective yield of 4.5%, making it an ideal alternative to cash. Other catalysts, according to DogeLumens are its partnership with Mastercard, a large financial services company, and its relationship with Stripe, the fast-growing fintech company. Meanwhile, many analysts cite its similarity with Ripple, another coin created to solve a problem in the remittances industry. Gavin Wood, Stellar’s founder was also a co-founder of Ripple Labs. As such, with the XRP price hitting $1, analysts predict that XLM could be next. XLM Price Forecast After Flipping Key Resistance The weekly chart points to a potential XLM price breakout in the…

---

Filed under: News - @ November 19, 2024 8:17 pm