- Stellar Network’s noteworthy growth rate is strengthened by institutional investors who want to token RWA and enable operational between borders.
- The XLM Price has been closely observed in the XRP price behavior in the past, both in the potential rally against Price Discovery.
Stellar (XLM) prices have gradually gained strength over the last six weeks. The large -scale cap Altcoin has increased by more than 25 % to trade about $ 0.3033 in the North American trading session on Wednesday, May 14, on the last four weeks, with a total dilution of $ 15.1 billion and an average of $ 334 million.
As obviously in the Etherrium price rally against Bitcoin, the noteworthy profits of FOMO ALTCOIN transactions played an important role in the gradual rebound of the XLM price. In addition, XLM’s FUTURES Open Interest (OI) surged to about $ 118 million at the time of this article for $ 111 million on April 14.
Stella network and institutional adoption
Stellar Network has grown into a vivid Web3 ecosystem over the past few years. Since the start of the Soroban Upgrade in early 2024, Stellar Network has attracted more institutional investors to token the RWA to explore more global markets.
For example, some institutional investors led by Franklin Templeton, Circle USDC, IBM and Moneygram have explored RWA tokenization in Stellar Network. At the time of this article, Stellar Network had more than $ 55 million in total value and more than $ 355 million in the market cap of Stablecoin.
The following is the following:
Over the past few years, XLM’s XLM price behavior of RIVAL RIPPLE LABS reflects a clear XLM price behavior. After six years of symmetrical integration, both XRP and XLM suggested the development of bull rally with macral rally.
For a daily period, the XLM price has already fallen in the fallen wedge pattern and now aims to hit 60 cents in the short term. Moreover, the daily MACD line has recently crossed the zero line in the potential brake out from the reverse head and shoulder (H & S) patterns.