{"id":599459,"date":"2024-11-17T12:39:19","date_gmt":"2024-11-17T12:39:19","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=599459"},"modified":"2024-11-17T12:39:19","modified_gmt":"2024-11-17T12:39:19","slug":"stellar-price-prediction-xlm-follows-xrp-skyward-with-48-pump-while-traders-flock-to-best-crypto-wallet-ico","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/stellar-price-prediction-xlm-follows-xrp-skyward-with-48-pump-while-traders-flock-to-best-crypto-wallet-ico","title":{"rendered":"Stellar Price Prediction: XLM Follows XRP Skyward With 48% Pump, While Traders Flock To Best Crypto Wallet ICO"},"content":{"rendered":"

The Stellar price has skyrocketed 48% in the last 24 hours to trade at $0.2016<\/a> as of 10 p.m. EST on a 397% jump in trading volume to $2.9 billion.<\/p>\n

Stellar (XLM) is riding the wave after Ripple (XRP) soared past the $1 mark. These two digital currencies, renowned for their roles in smoothing global financial transactions, each carve out unique paths.<\/p>\n

Ripple focuses on streamlining global payments for banks, while Stellar reaches out to individuals and businesses, particularly those underserved by traditional banking.<\/p>\n

With lightning-fast transaction speeds of 3-5 seconds and impressively low fees, both tokens have captured the attention of investors worldwide.<\/p>\n

However, the spotlight on XLM has grown even brighter since Coinbase Derivatives launched XLM futures<\/a> contracts alongside Silver (SLR) on November 11.<\/p>\n

This announcement sparked a flurry of activity, with XLM holders seizing the opportunity to expand their portfolios and bet on Stellar’s future.<\/p>\n

Stellar Price May Continue To Soar<\/h2>\n

The XLM\/USD chart indicates quiet beginnings followed by an explosive rise. According to data from GeckoTerminal, for weeks, XLM moved sideways, trading between $0.10 and $0.12 in a phase of consolidation. It was a time of low volatility as if the market was holding its breath and waiting for something big.<\/p>\n

Then came the breakout, a dramatic push above $0.12, marking the start of a parabolic climb. Buyers rushed in, driving the price to a peak near $0.26 before it eased back slightly to its current level of $0.2024. The surge was accompanied by a roar of trading volume, a clear sign that bulls had taken control.<\/p>\n

\"Stellar<\/p>\n

XLMUSD Analysis Source: Dextools.io<\/p>\n

The moving averages added strength to the narrative. The 50-period moving average, at $0.1283, served as reliable support as XLM’s price raced higher. Beneath that, the 200-period MA, at $0.1038, provided a solid foundation, representing the steady growth that led to this explosive move.<\/p>\n

Now, with the Stellar price far above both averages, the trend is unmistakably bullish. But even the strongest rallies need to pause. The RSI, sitting at 77.32, indicates that XLM has entered overbought territory, and the MACD, while still climbing, hints that the momentum could be nearing its peak.<\/p>\n

The next chapter hinges on key levels. On the downside, support at $0.18 and $0.12 stands ready to catch any fall. On the upside, the recent high of $0.26 is the next hurdle.<\/p>\n

If XLM can break through, it might just aim for $0.30 or beyond. For now, the market watches, waiting to see whether this rally has more fuel or if it’s time for a breather. It’s a tale of ambition and momentum, with a touch of caution in the air.<\/p>\n

A Game-Changer In The Web3 Crypto Ecosystem<\/h2>\n

As the Stellar price surges, investors looking for new opportunities to diversify might want to explore the presale of Best Wallet (BEST)<\/a>, a cutting-edge non-custodial Web3 crypto wallet.<\/p>\n

Just hours after launching its private sale on November 11, Best Wallet raised an impressive $162k. Now, six days later, the number has surged past $410k, and the momentum continues to grow.<\/p>\n

Best Wallet is more than just another crypto wallet. It’s an expanding ecosystem designed for today’s Web3 users. This includes the Best Wallet app, the Best DEX (Decentralized Exchange), and the upcoming Best Card.<\/p>\n

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Did you know? You can earn $BEST<\/a> tokens by completing daily airdrop quests! 💸💸💸<\/p>\n

The more points you stack, the more $BEST<\/a> you will receive! Get access to exclusive features and reduced fees when the token launches. 🔥<\/p>\n

Remember, daily quests reset everyday at midnight. Don't… pic.twitter.com\/APEuMjfNZZ<\/a><\/p>\n

— Best Wallet (@BestWalletHQ) November 9, 2024<\/a><\/p><\/blockquote>\n