Stellar (XLM) has seen a 9% increase in price, surpassing two resistance levels and reaching a high of $0.3539 in the last 24 hours. This surge in price is accompanied by a 14.08% increase in trading volume, indicating renewed investor interest and anticipation of further growth. While XLM remains below its price 30 days ago, analysts believe it is on a path to recovery. XRP, a rival cryptocurrency, has also experienced significant growth due to speculation about ETF approval. Despite this, market observers suggest that if investor sentiment continues to favor XLM, it could catch up with XRP's growth trend. The recent rise in XLM's total value locked suggests increasing investor confidence in Stellar's network, leading experts to predict a potential surge in price for the coin. XLM has already surpassed Litecoin in terms of market capitalization, signaling its potential for growth.
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