Stellar ($XLM ): Empowering Cross-Border Transactions
#XLM has long been a prominent player in the cryptocurrency space, mainly known for its focus on facilitating cross-border transactions. The Stellar network is designed to serve as a bridge between financial institutions, payment systems, and people, enabling fast and low-cost international money transfers. This focus on financial inclusion has made Stellar a go-to solution for cross-border payments, particularly in regions lacking traditional banking services.
Several key developments and partnerships support Stellar’s growth trajectory in 2024. The Stellar Development Foundation has been actively working to expand its ecosystem, partnering with major financial institutions and fintech companies to enhance its global reach.
Overall Assessment: Stellar’s strong use case in cross-border payments and its growing network of partnerships position it as a solid contender in the race for the top altcoin.
Optimism (#OP ): Scaling Ethereum for the Future
Optimism is a Layer-2 scaling solution for Ethereum, designed to improve the network’s speed and reduce transaction costs. Optimism significantly enhances Ethereum’s scalability by leveraging optimistic rollups without compromising on security. This makes it an essential infrastructure project for the Ethereum ecosystem, particularly as the demand for decentralized applications (dApps) and DeFi platforms continues to grow.
Optimism’s key features include its ability to significantly reduce gas fees on the Ethereum network, making transactions more affordable for crypto users. Optimism’s compatibility with existing Ethereum dApps means that developers can easily integrate with the platform without making major modifications.
Overall Assessment: The growing demand for scalable solutions, positions Optimism as one of the top-performing altcoins in 2024.
Stacks (#STX ): Bridging Bitcoin with Smart Contracts
Stacks is a unique crypto project that aims to bring smart contracts and dApps to the Bitcoin network. Unlike other smart contract platforms, Stacks operates as a Layer-1 blockchain that anchors to Bitcoin, inheriting its security and stability. This innovative approach allows developers to build dApps with expanded functionalities beyond simple transactions. That's because such dApps are purposely designed to benefit from Bitcoin’s robust network.
Stacks’ unique positioning as a bridge between Bitcoin and smart contracts makes it a noteworthy addition to any crypto portfolio.
Overall Assessment: As the demand for dApps continues to rise, Stacks is well-positioned to capture market share, particularly among users and developers who value Bitcoin’s security.
Thorchain (#RUNE ): Decentralized Liquidity for All
Thorchain is a decentralized liquidity protocol that enables the seamless exchange of assets across different blockchains without the need for intermediaries. This cross-chain functionality is a game-changer in the DeFi space, allowing crypto users to swap assets directly from one blockchain to another in a trustless manner. Thorchain’s native token, RUNE, is crucial in securing the network and facilitating these cross-chain transactions.
Thorchain’s most notable feature is its ability to provide liquidity for a wide range of assets across multiple blockchains. This is achieved through its unique liquidity pools, designed to reward crypto users for contributing assets in exchange for rewards.
#altcoins

Metal DAO (MTL), once a promising player in the crypto payments space, now seems to be facing significant headwinds. The project's early ambitions to revolutionize peer-to-peer payments and integrate with traditional financial systems were met with initial enthusiasm, but recent market conditions have raised questions about its future viability.
Lack of Strong Utility and Adoption
One of the primary issues surrounding Metal DAO is its limited adoption. While the project aimed to offer unique incentives through its "Proof of Payments" system, rewarding users with MTL tokens for sending money, the adoption rate remains underwhelming. Competing with giants like PayPal and other decentralized payment systems that have significantly more users, Metal DAO hasn't been able to carve out a solid niche in the market.
Moreover, many crypto users are looking for tokens with real-world utility and strong use cases. Unfortunately, Metal DAO’s focus on crypto payments has yet to gain substantial traction outside of niche circles. With so many projects offering similar solutions, MTL is finding it difficult to stand out and attract a broader audience. This lack of adoption could indicate potential long-term issues in the project’s sustainability.
Declining Market Sentiment
The broader market sentiment towards Metal DAO has also shifted towards the negative in recent months. MTL's price has seen sharp corrections, and it appears that investors are losing confidence in the token's potential for growth. Despite the efforts from the team, including updates to their platform and partnerships, the impact on the token price has been minimal.
The volatility in the MTL market is particularly concerning. Investors may be weary of the short-term price movements, which make it challenging to predict any sustained upward momentum. With the token's price struggling to hold onto key support levels, it’s becoming increasingly difficult for both retail and institutional investors to justify holding onto the asset.
Competitive Landscape
Metal DAO’s challenge is compounded by the highly competitive landscape of blockchain-based payment systems. Projects like Stellar (XLM), Ripple (XRP), and even newer entrants with DeFi integrations are continually gaining market share. These competitors not only have strong teams and established networks but also boast large-scale partnerships with financial institutions.
Metal DAO, on the other hand, hasn’t announced significant partnerships that could give it the competitive edge it needs. In an industry where network effects play a critical role, the lack of widespread institutional support may be a major barrier to the project's growth. Given the increasing competition and MTL’s underperformance, it’s no surprise that investors may be considering an exit strategy.
Is It Time to Exit?
For investors, the question remains whether Metal DAO can turn things around or if it’s time to cut losses. While the project still has a committed team and a loyal user base, the current market conditions don’t seem favorable for a significant rebound in the near future. The lack of adoption, stiff competition, and bearish market sentiment all point towards continued struggles for MTL.
Crypto investments are inherently risky, and Metal DAO’s recent performance doesn’t inspire confidence. Investors need to consider whether the potential upside is worth the downside risk, especially with many other projects offering stronger fundamentals and clearer growth paths.
What’s your take on Metal DAO (MTL)? Are you holding, selling, or avoiding the project? Share your experiences and let me know your thoughts on the current state of the market!
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#MTL #MetalDAO #XRP #XLM #crypto

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The Stellar Development Foundation and Certora are working together to make Soroban’s smart contracts more secure. Certora’s advanced tools will regularly check and improve the smart contracts, ensuring they remain strong and safe.
In a recent announcement, the Stellar Development Foundation and Certora have partnered to boost security on the Stellar smart contract platform called Soroban. This collaboration will use advanced methods to make smart contracts more secure, addressing key challenges in their development and use. Stellar’s tweet highlighted the importance of this step in strengthening blockchain security for the digital age.
In the highly competitive world of smart contracts, security is absolutely crucial. These self-executing contracts manage significant financial assets and are open for anyone to inspect, making it vital to prevent vulnerabilities. Smart contracts, once deployed, are hard to change due to the strict rules of blockchains. Certora, well-known for its advanced verification tool, helps developers thoroughly check their code to minimize these vulnerabilities, providing greater peace of mind.
Certora’s Unique Method
Mooly Sagiv, the CEO of Certora, stressed the importance of being proactive during the development process. He learned from DeFi (Decentralized Finance) that delays in using tools and audits often lead to identifying problems only after they’ve been exploited. He said, “Certora’s tools can help developers create specifications before finishing the code to ensure safe and reliable applications. We’re excited to be a part of the Soroban ecosystem.”
Certora’s software, which is the result of two decades of academic research, uses a special method called Formal Verification. This method is like a thorough grammar check that carefully examines the code to make sure it does what it’s supposed to do, catching any potential mistakes. This rigorous checking helps prevent major errors, like the well-known Vyper compiler bug. Additionally, Certora has a strong track record of fixing more than 100 significant security issues in popular DeFi protocols, making their tools a valuable defense for developers.
Empowering Soroban’s Smart Contracts with Certora’s Assistance
Soroban, which uses a special format called WASM designed for blockchains, provides a versatile environment for developers. It supports many programming languages and tools, making it easy to create applications on the Stellar network. When you add Certora’s security checks into the mix, Soroban becomes an excellent choice for developers, enhancing trust in the platform.
This partnership also gives over 100 existing projects on Soroban access to Certora’s advanced verification tools. Together with Soroban’s built-in testing and security features, this creates a strong and secure DeFi (Decentralized Finance) ecosystem right from the start.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#CryptoMarket #Bitcoin #CryptoNews #Stellar #XLM

#Stellar Lumen is presently above the $0.1250 mark in its trading against the US Dollar, reflecting a similarity to Bitcoin. To initiate a new upward movement, XLM's price needs to surpass the $0.1400 mark. In the previous week, XLM witnessed a significant surge, breaking through the $0.10 resistance level against the US Dollar. It even reached above $0.150 before experiencing a corrective decline.

After reaching a peak of $0.1977, the Stellar Lumens (XLM) price retreated below $0.1500. A bottom was established around $0.1241, and currently, the price is stabilizing after experiencing losses. It is currently trading below $0.1300 and the 50-hourly simple moving average. On the 4-hour chart, a significant bearish trend line is developing, indicating resistance around $0.1300.

XLM is encountering a resistance area around $0.1350, followed by a significant hurdle near $0.1400. A decisive breakthrough above $0.1400 could potentially propel the price towards the $0.1600 mark, which aligns with the 50% Fibonacci retracement level. Further upward momentum might drive the price towards $0.180 or possibly even $0.1950.

If XLM is unable to overcome the resistance zone at $0.1600, it may find initial support around the $0.1240 level. The primary support lies near the $0.110 zone. If further losses occur, the price could potentially drop to the $0.1000 level in the near future. If the decline continue, a retest of $0.0908 may even come into play.

According to CoinGabbar Price Analysis, estimates that the market capitalization of this #XLM is $3,464,051,761. The 24-hour trading volume of the coin is around $210,855,850.

KEY LEVELS :

RESISTANCE LEVEL : $0.1350-$0.1420

SUPPORT LEVEL : $0.1240-$0.1180

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

#GOATMoments #Binanceturns6 #coingabbar $XLM