Stellar Nears 10M Accounts, Igniting Hopes for a Major XLM Breakout
Stellar (XLM) is on the cusp of a significant milestone, rapidly approaching 10 million active network accounts. This impressive growth, fueled by a surge in institutional adoption rather than mere retail speculation, positions the blockchain network for a potential breakout in its native cryptocurrency, XLM. With current figures showing 9.69 million active wallets and a consistent influx of 5,000-6,000 new addresses daily, Stellar's robust expansion reflects its increasing relevance in global finance.
Institutional Adoption Drives Network Growth
Unlike many volatile crypto assets, Stellar has steadily built a reputation as a trusted blockchain solution, particularly for enterprise use cases. Its emphasis on compliance and financial-grade applications has attracted major players including banks, fintech firms, and remittance providers. Key partnerships with entities like MoneyGram and Circle, alongside recent pilot programs with central banks and fintech innovators like VersaBank, underscore XLM's growing utility. VersaBank, for instance, is actively testing tokenized deposits (USDVAB) on Stellar, alongside Ethereum and Algorand, signaling strong confidence in Stellar's scalability and regulatory readiness. This consistent institutional backing is crucial, providing the network with stable liquidity and fostering long-term confidence.
XLM Price Forecast: Bullish Momentum Builds
Analysts are closely watching XLM's performance, suggesting that sustained network growth and rising enterprise demand could be the catalysts for its next price surge. The immediate focus is on clearing the psychological resistance level of $0.50. Currently trading around $0.38, Stellar hovers near key support levels, with technical indicators like the Relative Strength Index (RSI) in neutral territory and narrowing MACD patterns hinting at fading bearish momentum. Short-term price targets range between $0.42 and $0.44, while a more substantial breakout could push XLM towards $0.48-$0.57 by late September. Should Stellar decisively break past $0.50, some models project a rally into the $0.60-$0.77 range, marking the next significant battleground for the cryptocurrency. However, failing to maintain support above $0.37 could see a retraction towards $0.29. For now, the bullish outlook appears to outweigh bearish scenarios, as the 10-million-account milestone looms as a potential defining moment for XLM's long-term trajectory.
