đ¨Analyst Predicts 471% Surge for XLM in Bullish Marketđ
Stellar (XLM) has recently gained traction among cryptocurrency enthusiasts, owing to both price activity and continuing project advancements.
Popular crypto analyst Javon Marks makes a noteworthy analysis based on Fibonacci Extension levels and past performance during a complete bullish market: Stellar has promise. Marks estimates XLM might rise to $2.12, a stunning 471% rise.
Under an even more hopeful future, he speculates that XLM might reach $8, therefore redefining the benchmark for the asset.
Stellar: Recent Market Performance and Strategic Advances
Stellar has advanced its project development and strategic alliances significantly. The Stellar Development Foundation said on October 15, 2024, that Mastercard would be joining Mastercard Crypto Credential into the Stellar network via a cooperation.
Apart from its recent cooperation with Mastercard, Stellar has a history of significant alliances. Especially, Stellarâs usability has been much enhanced by its partnership with MoneyGram International, originally reported in October 2021 and operational by June 2022.
Using Stellarâs blockchain technology and USD Coin (USDC) for real-time settlement, this alliance helps MoneyGram consumers all over conduct transactions more quickly.
Further reinforcing its ecosystem, Stellar debuted âSorobanâ earlier this yearâa smart contract tool meant to improve the functionality of the network. Soroban marks a turning point toward extending Stellarâs ecosystem into decentralized finance (DeFi) by letting developers create decentralized apps (dApps) on the Stellar network.
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