$XLM (Stellar) Challenges the Market!
XLM leads the top 20 cryptocurrencies with a 26% daily and 70% weekly increase. The Protocol 23 upgrade on August 14th will increase network speed and efficiency. Franklin Templeton tokenized $446 million in assets for Stellar ; DeFi TVL rose 21%.
Stellar Lumens (XLM) has gained 25% in the last 24 hours, rising above $0.40. Having re-attained its critical resistance level since Q1 2025, XLM has outperformed the top 20 cryptocurrencies with a 70% gain in the past week. Its 24-hour trading volume exceeded $2.2 billion, reflecting strong market interest. This rise is being supported by the overall Bitcoin-led market rally and significant developments within the Stellar ecosystem.
Demand for XLM was boosted by the Protocol 23 update, which will be voted on the Stellar mainnet on August 14, 2025. This update aims to improve transaction execution and state management on Stellar's smart contract platform, Soroban. This change, which will increase network speed and performance, is combined with the steady growth of the Stellar ecosystem and its increasing use in real-world applications. Technical analysis shows that XLM has broken the downtrend that has persisted since 2021. This breakout suggests buyers are accumulating. According to analyst Javon Marks, XLM's next target is $0.681; if this level is broken, the price could move towards $1.2918. Currently trading above the upper Bollinger Band, XLM is showing strong bullish momentum. The 20-day simple moving average of $0.2599 has also been broken. However, the Money Flow Index is in overbought territory at 90.12, indicating the possibility of a short-term pause or pullback.
Institutional interest is also growing; Franklin Templeton tokenized $446 million worth of US Treasury securities on the Stellar blockchain. This demonstrates growing confidence in Stellar. According to DeFiLlama, the Total Value Locked (TVL) on Stellar's DeFi platforms increased by 22% in the last 24 hours, reaching $120.25 million. This increase supports the positive sentiment in the market and strengthens XLM's current momentum.
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This content is for informational purposes only and does not constitute investment advice. Cryptocurrency investments carry a high level of risk, and you are responsible for all your investment decisions.
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This content is for informational purposes only and does not constitute investment advice. Cryptocurrency investments carry a high level of risk, and you are responsible for all your investment decisions.
CoinNET.com accepts no liability for any damage or loss that may arise from the contents.
