Stellar Price Prediction: XLM Adding 6,000 New Users a Day – Is This the Next 100x Crypto Explosion?
Main Idea
Stellar (XLM) is experiencing significant growth in network usage and adoption, with bullish price predictions fueled by technical indicators and macroeconomic factors.
Key Points
1. Stellar accounts have surged past 9.69 million, with total value locked (TVL) on Stellar increasing over 80% in the past month to $150 million.
2. XLM is approaching a critical neckline near $0.50, with potential for a surge toward $0.64 if it breaks above this level.
3. Technical indicators like RSI and MACD support a bullish setup, with potential for XLM to reach $0.85 in the coming weeks.
4. Softer-than-expected U.S. CPI inflation data has strengthened expectations for bullish market conditions and potential rate cuts.
5. Stellar's growth in network usage and DeFi activity positions it as a credible DeFi player.
Description
Momentum is building on the Stellar network, with rapid new user onboarding fueling a growing number of bullish Stellar price predictions . The altcoin logs all-time highs in real network usage, yet XLM still trades over 30% below its peak, laying the groundwork for new price discovery as market sentiment warms. Softer-than-expected U.S. CPI inflation data has strengthened expectations for sooner and larger interest rate cuts, but today’s PPI inflation and Jobless claims data remain U.S. Economi...
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