while Bitcoin price Retreat from $30,000 Support, Stellar Payments Solutions (XLM) and XRP Continue Riding the Bullish Wave, with Superior Rank (XLM) Today’s top gainers Amid impressive ecosystem developments.
Determined to break all barriers to the $0.2 target, XLM painted all the charts in the green, with a significant rise in value of 43.29% over the week. The cross-border payment facilitator has added more than 8.79% to its valuation over the past 24 trading sessions.
XLM is riding on the bullish momentum from the impressive ecosystem developments
Following the ecosystem developments, XLM continues to rise with increasing interest in innovative payment and transfer solution. at recent days developmentStellar partners with MoneyGram and HoneyCoin app to support global digital asset exchange with USDC in Nigeria, Ghana, Tanzania, Kenya, Uganda and the UK.
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in another place advertisementStellar has partnered with Fonbnk to offer payment solutions to the unbanked in Africa. Given that millions of Africans lack access to banking services, Stellar’s partnership with MoneyGram and Fonbnk could bring more users into the digital finance scene, further expanding the crypto industry.
Furthermore, Stellar is now available on multiple chains, including Ethereum, Solana, Celo, and Polygon, through Allbridge’s bridge and interoperability solution. announce On July 11, the merger marked an important milestone for Stellar, demonstrating its usefulness for innovative opportunities in decentralized finance.
This feat may be among the factors that have pushed the price of XLM over the past seven days. Once again, the token is still enjoying the bullish wave of its close relative, XRP’s victory in the SEC/Ripple lawsuit.
Star price movement (XLM) in the past 7 days
Over the past 7 days, XLM has seen a significant escalation. On July 13, when news of Ripple’s (XRP) victory broke, XLM’s price rose from $0.096 to $0.153, up 60% in 24 hours. Although it witnessed a subtle correction as the hype subsided, XLM is still bullish, struggling for further gains to clear $0.1 and claim $0.2.
CoinMarketCap data It shows that XLM has gained more than 42% in the past seven days, making its value 73% higher than it was 30 days ago. As of 6:19 AM EST on July 19, the price of XLM has added more than 21% to its value in the past year. tThe token’s value growth is reflected in its rise of more than 11173% from November 18, 2014, to an all-time low of $0.001227.
Stellar’s series of cross-border payment partnerships has undoubtedly improved XLM’s trading activity. The coin’s trading volume currently exceeds $321 million, with a 130% increase in trading volume over the 24-hour period, according to CoinMarketcap.
An increase in trading volume often indicates two factors: large selling and high demand or buying pressure. However, in the case of Stellar, the price rally shows that the bulls (buyers) are working and may push prices closer to $0.2 if they continue.
Featured image from Pixabay and chart from TradingView.com
