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The Stellar price has skyrocketed 48% in the last 24 hours to trade at $0.2016 as of 10 p.m. EST on a 397% jump in trading volume to $2.9 billion.
Stellar (XLM) is riding the wave after Ripple (XRP) soared past the $1 mark. These two digital currencies, renowned for their roles in smoothing global financial transactions, each carve out unique paths.
Ripple focuses on streamlining global payments for banks, while Stellar reaches out to individuals and businesses, particularly those underserved by traditional banking.
With lightning-fast transaction speeds of 3-5 seconds and impressively low fees, both tokens have captured the attention of investors worldwide.
However, the spotlight on XLM has grown even brighter since Coinbase Derivatives launched XLM futures contracts alongside Silver (SLR) on November 11.
This announcement sparked a flurry of activity, with XLM holders seizing the opportunity to expand their portfolios and bet on Stellar’s future.
Stellar Price May Continue To Soar
The XLM/USD chart indicates quiet beginnings followed by an explosive rise. According to data from GeckoTerminal, for weeks, XLM moved sideways, trading between $0.10 and $0.12 in a phase of consolidation. It was a time of low volatility as if the market was holding its breath and waiting for something big.
Then came the breakout, a dramatic push above $0.12, marking the start of a parabolic climb. Buyers rushed in, driving the price to a peak near $0.26 before it eased back slightly to its current level of $0.2024. The surge was accompanied by a roar of trading volume, a clear sign that bulls had taken control.
XLMUSD Analysis Source: Dextools.io
The moving averages added strength to the narrative. The 50-period moving average, at $0.1283, served as reliable support as XLM’s price raced higher. Beneath that, the 200-period MA, at $0.1038, provided a solid foundation, representing the steady growth that led to this explosive move.
Now, with the Stellar price far above both averages, the trend is unmistakably bullish. But even the strongest rallies need to pause. The RSI, sitting at 77.32, indicates that XLM has entered overbought territory, and the MACD, while still climbing, hints that the momentum could be nearing its peak.
The next chapter hinges on key levels. On the downside, support at $0.18 and $0.12 stands ready to catch any fall. On the upside, the recent high of $0.26 is the next hurdle.
If XLM can break through, it might just aim for $0.30 or beyond. For now, the market watches, waiting to see whether this rally has more fuel or if it’s time for a breather. It’s a tale of ambition and momentum, with a touch of caution in the air.
A Game-Changer In The Web3 Crypto Ecosystem
As the Stellar price surges, investors looking for new opportunities to diversify might want to explore the presale of Best Wallet (BEST), a cutting-edge non-custodial Web3 crypto wallet.
Just hours after launching its private sale on November 11, Best Wallet raised an impressive $162k. Now, six days later, the number has surged past $410k, and the momentum continues to grow.
Best Wallet is more than just another crypto wallet. It’s an expanding ecosystem designed for today’s Web3 users. This includes the Best Wallet app, the Best DEX (Decentralized Exchange), and the upcoming Best Card.
Did you know? You can earn $BEST tokens by completing daily airdrop quests! 💸💸💸
The more points you stack, the more $BEST you will receive! Get access to exclusive features and reduced fees when the token launches. 🔥
Remember, daily quests reset everyday at midnight. Don’t… pic.twitter.com/APEuMjfNZZ
— Best Wallet (@BestWalletHQ) November 9, 2024
Exclusive Access And Discounts For Investors
One standout feature of the wallet is the Upcoming Tokens tool, which offers users access to exclusive presales of high-potential tokens. One example is the highly successful Pepe Unchained ($PEPU) presale, which has already raised over $34.3 million.
Best Wallet also makes it easy for users to manage their investments. The app provides seamless access to a wide range of decentralized exchanges (DEXs) and cross-chain bridges, and offers some of the best exchange rates for token swaps.
It even allows users to off-ramp crypto into over 100 fiat currencies like USD, EUR, and GBP, all within the app, thanks to partnerships with services like Alchemy Pay and MoonPay.
Are you missing out on the $BEST token presale? ONLY 9 days left to secure your early access! 💎
With benefits like reduced fees and exclusive access to early stage presales, holding $BEST is a no brainer! 🔥
Join now before it’s too late. 🌙
Download the app! 📲… pic.twitter.com/1k9Ydr236R
— Best Wallet (@BestWalletHQ) November 15, 2024
Since its launch, Best Wallet has processed over 21,000 presale transactions, with user growth skyrocketing by over 820% and monthly growth rates of 50%. Users also enjoy benefits like reduced fees, early access to new projects, enhanced staking rewards, and even daily airdrop tasks to earn extra rewards.
Right now, Best Wallet is offering an exclusive opportunity to purchase the $BEST token at a discounted price of $0.0226.
To join the presale, download the Best Wallet app and use the “Upcoming Tokens” tool to buy $BEST tokens.
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Best Wallet – Manage Your Crypto
- Access DeFi and Web3 Dapps Across Multiple Chains
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