Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 11460
Markets: 87462
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
11460
Cryptocurrencies
58.72%
Bitcoin Share
crypto.news 2024-11-29 16:39:20

Can XLM price hit $1 as DeFi TVL and open interest soars?

Can XLM price hit $1 as DeFi TVL and open interest soars?

Stellar price went parabolic on Friday, Nov. 29, as its DeFi ecosystem boomed and its futures open interest reached a record high. Stellar Lumens ( XLM ) surged to an intraday high of $0.5510, marking its highest level since Monday. This represents a 27% increase from its weekly low, bringing its market cap to over $16 billion. Stellar’s rally mirrored that of Ripple ( XRP ), which jumped by over 20% as its demand jumped. The two coins have a close correlation because of their role in the cross-border payment industry. Its most recent quarterly report showed that Stellar handled 103 million payment transactions, making it the second-biggest blockchain after Solana ( SOL ). This popularity is because of its substantially low fees compared to its competitors. Its average fee is $0.000014 compared to Solana’s $0.004473. Stellar’s network is also fast, with its time to finality being about zero seconds. Meanwhile, data shows that Stellar’s total value locked in the Decentralized Finance industry has jumped to a record high of $60.6 million. With Franklin Templeton’s fund assets included, Stellar has over $300 million in assets. The network’s assets in DeFi are much lower than in other chains like Base and Sui because it is a relatively new project. Soroban, its layer-1 network was launched a few months ago and is seeing strong growth. Stellar’s futures open interest has also surged, reaching $371 million, just below its weekly high of nearly $400 million. Stellar Open Interest | Source: CoinGlass XLM price could double XLM price chart | Source: crypto.news The weekly chart shows that the Stellar Lumens price has jumped sharply in the past few weeks. It has crossed the important resistance level at $0.1945, its highest point on June 10. Moving above that level was important because it was the neckline of the double-bottom pattern at $0.076. The coin has also jumped above the key resistance at $0.4400, its highest swing in November 2021. Also, it has moved above all moving averages, meaning that bulls are in control for now. Therefore, with Stellar being highly overbought, there is a risk that it could reverse soon. However, a move above the key resistance level at $0.6370, its highest level last week, will point to more gains, potentially to its all-time high of $0.7960. If it crosses that level, it will jump to $1, doubling from the current level. This bullish view will depend on whether Bitcoin continues its strong uptrend and crosses the key level at $100,000. You might also like: Algorand price surges as crypto pundit sees it hitting $1.25

Most Read News



Cryptohopper
hardware wallets, hardware , wallets, Crypto Currency, Cryptocurrency hardware wallets, Crypto Apparal, crypto wallet, Cryptocurrency wallets

Market Cap
24h Vol
58.72%
Bitcoin Share
586
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.