Stellar Lumens (XLM) has experienced a significant surge in price, reaching its highest level since 2021 and increasing by more than 523% from its lowest point last year. Stellar is a blockchain network focused on the payment industry and has established partnerships with companies such as Circle, Moneygram, Franklin Templeton, Felix, Bitso, and Fireblocks. Several factors have contributed to Stellar's price increase, including the overall crypto bull run, a risk-on sentiment among investors, and positive developments in Ripple, which has a historical correlation with XLM. Analysts anticipate that the altcoin season will further accelerate this trend. Additionally, the expectation of a more crypto-friendly approach from the Trump administration may benefit Ripple and indirectly impact Stellar. However, because XLM has become highly overbought, there is a possibility of a mean reversion and a potential decline in the coming days.



Other News from Today