Stellar (XLM) Defies Gravity: A Record-Breaking Ascent in the Crypto Sphere Stellar (XLM) is captivating the cryptocurrency world with its extraordinary performance, despite a recent modest setback. While the asset saw a 13.46% decline over the past seven days, its overall trajectory remains incredibly bullish. XLM delivered an astonishing surge of 75.7% throughout July, marking its highest monthly growth rate ever recorded. This monumental achievement far outshines its previous July peak of 44.6% in 2020 and dwarfs its average 11% July growth rate. The third quarter also witnessed unprecedented success, with Stellar soaring by a remarkable 74.8%. This quarterly gain is nearly double its best past performances, solidifying its position as a top performer. Currently trading around $0.4154, XLM faced a minor 1.73% 24-hour dip after encountering technical resistance at $0.52. The recent short-term decline and 44.16% drop in trading volume might be attributed to a "death cross" signal. However, Stellar's underlying strength is undeniable. It famously broke away from its rival XRP's shadow in July, recording a significant 50% weekly breakout. This decisive outperformance and divergence have significantly sparked renewed investor excitement in XLM's potential. As Bitcoin grapples with bearish consolidation, Stellar (XLM) is uniquely positioned to potentially steer market momentum. Its ability to achieve such robust, record-setting gains amidst market volatility underscores its resilience and growing influence, making it a token to watch closely.
Summary: Stellar (XLM) Hits Dual All-Time Milestone in Historical Price Performance
Published: 1 month and 18 days ago
Based on article from U.Today