Stellar ($XLM ) is a cryptocurrency designed to facilitate fast, low-cost cross-border transactions.
Over the past 24 hours, XLM has experienced a significant price increase of approximately 11.60%, with trading volumes surging by over 137%, indicating heightened market activity.
Despite this recent uptick, XLM remains about 60% below its all-time high of $0.94, recorded on January 3, 2018.
Analysts are optimistic about XLM's future performance, with some predicting a potential rise to $1 by 2025, driven by increased adoption by financial institutions and collaborations with remittance services like MoneyGram.
Additionally, technical analysis suggests that in a bullish market, XLM could experience gains up to 471%, highlighting its potential for substantial growth.
As always, it's important to conduct thorough research and consider market volatility when evaluating cryptocurrency investments.
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