Stellar (XLM) has seen extraordinary growth over the past 30 days, outperforming many other cryptocurrencies, including Bitcoin, Ethereum, Solana, and XRP. The current price of XLM is just over 36% lower than its peak in 2021, but there is anticipation among XLM enthusiasts that it could reach $1 by December. Analyzing the market's technical and fundamental scenarios, there are indications that support this expectation. Despite experiencing a significant single-day drop in May, the price of XLM has been steadily increasing since the start of November, with only one major correction. The market recently touched a peak of $0.5480 and has seen a 4.9% rise in the last 24 hours. The 50-day and 100-day simple moving averages (SMA) of XLM are significantly above the 200-day SMA, indicating a strong bullish sentiment. The MACD indicator also supports a bullish outlook. However, XLM's relative strength index (RSI) suggests that a short-term correction may occur before the upward trend continues. Institutional interest in the XLM market is increasing, with Grayscale Investments offering private placements for Stellar. Additionally, Stellar is making advancements towards integration into the DeFi ecosystem, including the introduction of smart contracts through the Soroban smart contract upgrade. Overall, with positive technical indicators, significant fundamental advancements, and favorable market conditions, Stellar shows promising potential for the future.



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