The price of Stellar (XLM) has experienced a significant surge, increasing by 96.69% in the past week to reach $0.2444. This rally is attributed to the strong performance of XRP, another cryptocurrency that shares a similar origin and mission of enabling cross-border transactions. Speculation of SEC Chair Gary Gensler potentially leaving his position has also boosted XRP, giving confidence to Stellar investors. Stellar's market cap of $7.3 billion demonstrates the growing bullish sentiment surrounding the currency, and strong technical indicators suggest continued upward potential. Increased trading volume and liquidity, as well as rising open interest in derivative contracts, indicate positive market activity and investor confidence. Furthermore, there have been hints of a potential partnership or increased collaboration between Stellar and Cardano (ADA), as the two communities have been engaging and discussing various blockchain efforts. However, technical indicators suggest a possible consolidation or reversal in the near future, and it is important for XLM to break above its previous all-time high of $0.9381 to sustain its upward momentum.



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