Stellar ($XLM) Crypto Forecast: Down 5.1% Today

What is Stellar?

Stellar (XLM) is a popular cryptocurrency token known for its focus on facilitating cross-border transactions quickly and at low costs. The overall cryptocurrency market has been volatile recently, with various digital assets experiencing significant price fluctuations.

Why is Stellar going down?

XLM crypto is down 5.1% on Sep 4, 2024 13:07

• The bearish movement of XLM today could be attributed to the struggles faced by Ripple (XRP), which may have impacted XLM due to their close market relationship.
• An urgent message issued to the SHIB Army and clues shared by Ripple's CTO on XRP and XLM price correlation may have added to the selling pressure on XLM, leading to the bearish movement.
• The anticipation of Stellar (XLM) breaking $1 might have created a speculative environment, but the overall negative trend in the cryptocurrency market today likely shifted market sentiment, causing XLM to move bearishly.
• The LATAM crypto roundup, while not directly related to XLM, could have contributed to the overall market uncertainty impacting various cryptocurrencies, including XLM, leading to the bearish movement observed today.

XLM Price Chart

XLM News

Ripple (XRP) Struggles To Regain Momentum As XRP holders Dive Into New Gambling Fortune

Ripple (XRP) Struggles To Regain Momentum As XRP holders Dive Into New Gambling Fortune

https://www.newsbtc.com/altcoin/ripple-xrp-struggles-to-regain-momentum-as-xrp-holders-dive-into-new-gambling-fortune/

Urgent Message to SHIB Army Issued by Shytoshi Kusama, Ripple CTO Shares Clues on XRP and XLM Price Correlation, 16.33 Billion ADA in 24 Hours: Crypto News Digest by U.Today

Urgent Message to SHIB Army Issued by Shytoshi Kusama, Ripple CTO Shares Clues on XRP and XLM Price Correlation, 16.33 Billion ADA in 24 Hours: Crypto News Digest by U.Today

https://u.today/urgent-message-to-shib-army-issued-by-shytoshi-kusama-ripple-cto-shares-clues-on-xrp-and-xlm-price

Stellar (XLM) and Hedera (HBAR) Tipped To Break $1, But Not Before This Viral Revenue Sharing Altcoin

Stellar (XLM) and Hedera (HBAR) Tipped To Break $1, But Not Before This Viral Revenue Sharing Altcoin

https://coinpedia.org/press-release/rollblock-the-next-crypto-to-hit-dollar-one/

David Schwartz Reveals the Close Market Relationship Between XRP and Stellar

David Schwartz Reveals the Close Market Relationship Between XRP and Stellar

https://coinpaper.com/5273/david-schwartz-reveals-the-close-market-relationship-between-xrp-and-stellar

LATAM Crypto Roundup: X (Twitter) Banned in Brazil, Worldcoin Sued in Chile, and More

LATAM Crypto Roundup: X (Twitter) Banned in Brazil, Worldcoin Sued in Chile, and More

https://beincrypto.com/latam-crypto-news-august-31/

Trending Today

Cardano ($ADA) Crypto Forecast: Up 5.1% Today

Toncoin ($TON) Crypto Forecast: Up 5.3% Today

Cosmos ($ATOM) Crypto Forecast: Up 5.1% Today

dogwifhat ($WIF) Crypto Forecast: Up 6.5% Today

Memecoin ($MEME) Crypto Forecast: Up 5.6% Today

Ethena ($ENA) Crypto Forecast: Up 5.8% Today

Pepe ($PEPE) Crypto Forecast: Up 5.2% Today

Bittensor ($TAO) Crypto Forecast: Up 5.2% Today

Sui ($SUI) Crypto Forecast: Up 6.2% Today

Monero ($XMR) Crypto Forecast: Up 5.3% Today

Stellar Price History

16.07.2024 - XLM Crypto was down 5.0%

• Stellar (XLM) experienced a bearish movement despite positive developments in the market.
• The addition of $110M to tokenized treasuries and the growth in market cap did not seem to positively impact XLM's price.
• The announcement of building a 'One-Stop Shop' for DeFi on Stellar did not provide the expected boost to the token.
• The upcoming event where Binance VP for Latin America will speak might not have directly influenced XLM's price drop.
• The bearish movement could be attributed to broader market sentiment or profit-taking by traders after a period of gains.

20.07.2024 - XLM Crypto was up 5.0%

• Stellar (XLM) experienced a strong bullish movement today despite the overall market volatility.
• The addition of $110M to tokenized treasuries and the approaching $2B market cap could have contributed to the positive sentiment surrounding Stellar.
• The mention of building a 'One-Stop Shop' for DeFi on the Stellar network might have sparked investor interest and confidence in the token's future utility and adoption.
• Despite concerns raised about Stellar's short-term performance, the positive developments and potential for growth seem to have outweighed any immediate bearish sentiment.

27.07.2024 - XLM Crypto was down 5.0%

• XLM experienced a bearish movement today, possibly influenced by the overall market sentiment in the cryptocurrency space.
• Factors such as Tron's performance and the tokenized treasury market cap surpassing $2 billion may have diverted investor attention away from XLM, leading to a decrease in demand.
• Additionally, the negative sentiment in the Bitcoin ATM market, as mentioned by CoinFlip's founder, could have contributed to a broader market correction affecting XLM.
• Overall, the combination of these factors likely led to XLM's decline of more than 3% within 24 hours.

04.08.2024 - XLM Crypto was down 5.1%

• The bearish movement of XLM today could be attributed to the struggles faced by Ripple (XRP), which may have impacted XLM due to their close market relationship.
• An urgent message issued to the SHIB Army and clues shared by Ripple's CTO on XRP and XLM price correlation may have added to the selling pressure on XLM, leading to the bearish movement.
• The anticipation of Stellar (XLM) breaking $1 might have created a speculative environment, but the overall negative trend in the cryptocurrency market today likely shifted market sentiment, causing XLM to move bearishly.
• The LATAM crypto roundup, while not directly related to XLM, could have contributed to the overall market uncertainty impacting various cryptocurrencies, including XLM, leading to the bearish movement observed today.

08.07.2024 - XLM Crypto was up 7.9%

• XLM experienced a notable increase along with XRP, suggesting a favorable outlook towards alternative cryptocurrencies.
• The recent partnership between Bitstamp and Stripe to establish a European cryptocurrency gateway might have boosted accessibility and interest in digital assets like XLM.
• The anticipation of XLM hitting $0.12 potentially attracted more investors, contributing to its upward movement.
• The optimistic trend in the cryptocurrency market, with Stellar gaining over 4% in a day, likely supported the bullish performance of XLM.

08.07.2024 - XLM Crypto was up 8.9%

• Collaboration for EU crypto onramp possibly increased accessibility and adoption of XLM.
• The announcement regarding support for Stellar full archive nodes might have boosted investor confidence in the network's development.
• Positive sentiment in the cryptocurrency market and recent approval for Bitcoin ETFs likely created a favorable environment for XLM's upward movement.
• Speculation around XLM's price potentially reaching $0.12, along with broader market trends, might have fueled investor optimism and buying interest in Stellar.

08.07.2024 - XLM Crypto was up 10.0%

• XLM surged more than 4% in 24 hours, reflecting the bullish sentiment in the cryptocurrency market.
• Recent developments such as allowing wealth advisors to sell Bitcoin ETFs suggest a broader acceptance of cryptocurrencies, potentially boosting investor confidence in digital assets like XLM.
• The rise of a new memecoin, Neiro, hitting a $200 million market cap in just four days, could be drawing attention to the overall cryptocurrency space, benefiting established tokens like XLM.
• Recent price movement analysis on crypto presales might be contributing to the positive market sentiment, indirectly impacting XLM's upward trajectory as investors explore various digital assets.

08.07.2024 - XLM Crypto was up 6.7%

• The bullish movement of XLM today can be attributed to the partnership between Franklin Templeton and Arbitrum, launching an OnChain U.S. Government Money Fund on Ethereum's Layer 2.
• This collaboration and expansion of tokenized funds to Arbitrum have likely increased interest and utility in the Stellar network, driving up demand for XLM.
• The positive price prediction and the news of Franklin Templeton's Money Market Fund launching on Layer 2 Arbitrum further boosted investor confidence in XLM, contributing to its bullish momentum.
• Overall, the strategic partnerships and developments within the cryptocurrency ecosystem have propelled XLM's price upwards, showcasing its potential for growth and adoption in the digital asset space.

08.07.2024 - XLM Crypto was up 8.5%

• XLM surged alongside XRP, indicating a positive sentiment towards altcoins in the market.
• The news about Protocol Village supporting Stellar full archive nodes could have boosted confidence in the token's technology and ecosystem.
• The overall positive movement in the cryptocurrency market, coupled with the green light from Morgan Stanley for Bitcoin ETFs, likely contributed to the bullish surge in XLM.
• The rise of the memecoin Neiro to a $200 million market cap in just four days might have drawn speculative interest to the broader cryptocurrency market, including XLM.

07.07.2024 - XLM Crypto was up 7.3%

• XLM experienced a strong bullish movement, possibly driven by positive market sentiment and increased demand for cryptocurrencies.
• The news of Morgan Stanley allowing wealth advisors to sell Bitcoin ETFs could have boosted overall confidence in the cryptocurrency market, benefiting tokens like XLM.
• The rise of a new memecoin sensation and the in-depth analysis of market trends in crypto presales might have contributed to a general excitement around digital assets, including XLM.
• Overall, the combination of favorable market conditions and positive industry developments likely propelled XLM's upward trajectory today.

08.07.2024 - XLM Crypto was up 6.8%

• The launch of Franklin Templeton's Money Market Fund on Layer 2 Arbitrum may have increased investor interest in cryptocurrencies, including XLM.
• The expansion of Franklin Templeton's tokenized Money Market Fund to Arbitrum could have brought more attention to the potential of blockchain technology, benefiting tokens like XLM.
• The collaboration between Bitstamp and Stripe for an EU crypto onramp may have improved accessibility to cryptocurrencies, leading to increased demand for tokens like XLM.
• The anticipation of a potential price surge to $0.12 for XLM, along with the positive sentiment surrounding altcoins following XRP's movement, likely contributed to the bullish momentum of XLM today.

08.07.2024 - XLM Crypto was up 7.8%

• XLM's 11% gain stood out amidst the general downturn in the crypto market, demonstrating its resilience.
• An increase in open interest for XLM might have attracted more investors, fueling its price rise.
• The partnership between Franklin Templeton and Arbitrum, in addition to the growth of tokenized funds, could have enhanced optimism in the cryptocurrency market, positively impacting XLM.
• Observations suggest that XLM is establishing a new range, hinting at potential stability and opportunities for traders to navigate the market effectively.