XLM is posting gains with the rising adoption of the Stellar blockchain. Developments in the Stellar ecosystem have boosted the utility of native token XLM. The Stellar ecosystem has several recent updates that boost the utility of native token lumens (XLM). New token launches on the Stellar blockchain, arrival of automated market makers have triggered the growth of the network.

Vottun a Spanish startup recently integrated their intra-company cross-border payments platform onto Stellar, with Stellar Development Foundation (SDF). Stellar’s association with the Spanish Development Foundation is bullish for the ecosystem’s development and native token XLM utility. Anclap announced its stablecoin backed by the Peruvian Soles on the Stellar blockchain last weekend. The “Digital Sol” can be purchased from wallets and exchanged with the Argentine Peso and the Brazilian Real. 

BULLISH AND BEARISH CONDITIONS/ POSSIBILITIES :

With more partnerships in the future, analysts expect native token XLM’s price to skyrocket.

Kevin Cage, cryptocurrency analyst and investor is of the opinion that XLM price has increased 29 times since the 2020 bloodbath and he is more focused on the asset for the coming months. Cage believes that XLM is ready for a breakout in 2021. On the technical side we need fundamental strong enough to compel the XLM bulls for breaking above exponential moving average 200 in four hourly chart and 50% fibo level - which would open doors for further gains towards 61.8% fibo and 0.3428

XLM/USD ON THE RUN, BUT IS IT DONE ?

Oct 02 2021