Latest news with #StellarLumens
Economic Times
12-07-2025
- Business
- Economic Times
Cryptocurrency Live News & Updates : Stellar's XLM Price Soars Significantly
13 Jul 2025 | 01:05:13 AM IST Stellar Lumens (XLM) surged over 72% this week, reaching $0.4045, driven by increased futures open interest and a rise in stablecoin supply within its ecosystem. Stellar Lumens (XLM) has experienced a remarkable price surge, climbing to $0.4045, marking its highest level since February. This increase follows a significant rise in futures open interest, which reached $345 million, indicating heightened liquidity and demand. Additionally, the stablecoin supply on the Stellar network hit a record high of $627 million, although this figure includes a substantial asset from the Franklin Onchain US Government Money Fund. Meanwhile, the number of active addresses and transactions on the Stellar network also saw notable increases. In contrast, the broader crypto market is witnessing smaller altcoins like Kyber Network Crystal (KNC) making headlines with a staggering 95.3% surge, following the launch of its crosschain platform. Other altcoins, such as Kori and ALT, are also experiencing significant gains, driven by social media hype and speculative trading. As XRP stabilizes around $2.70, traders are advised to approach these volatile altcoins with caution, as the market dynamics shift and new developments unfold. Show more
Yahoo
12-07-2025
- Business
- Yahoo
Token founded by Ripple co-founder gains 70% in a week
Token founded by Ripple co-founder gains 70% in a week originally appeared on TheStreet. As Bitcoin hit a record high of $118,856.47 on July 11, it also provided a tailwind for altcoins to rally. While other altcoins posted impressive gains, one token that usually remains under the radar took everyone by surprise — one shot ahead by a mile. Over the last seven days, Bitcoin has surged by 8.7%, Ethereum 17.6%, XRP 26.4%, Solana 9.5%, Dogecoin 22.2%, and ADA 25.7%. However, this less-discussed altcoin has posted a weekly gain of 70%. We are talking about Stellar Lumens (XLM) that reached as high as $0.4131 on July 12, its highest point since early by Ripple co-founder Jed McCaleb in 2014, Stellar Lumens doesn't seem to create as much noise as XRP or other altcoins within the crypto community. However, its recent rally has sent the crypto community into a state of euphoria. Popular crypto handle on X, @LLuciano_BTC, highlighted how XLM is outperforming many of its competitors. With a market cap of $12.5 billion, XLM is the twelfth-largest cryptocurrency. Its trading volume within the last 24 hours is $2.7 billion. BitMEX co-founder Arthur Hayes, a prominent voice in the crypto circles, urged the community to "get ready for a monster alt szn," given BTC has hit a record high and ETH is also following in its footsteps. To gauge whether an alt season is underway, a key metric to analyze is Bitcoin dominance. It refers to BTC's share of the total crypto market cap. When Bitcoin dominance dips, it means altcoins are gaining more market cap, pointing toward an alt season. As per TradingView, Bitcoin dominance stood at 64.60% at the time of writing. The metric doesn't indicate any sign of an upcoming alt season, even if altcoins such as XLM are going through the roof. Disclaimer: The content above is intended for informational purposes only and should not be taken as financial advice. Do your own research before investing. Token founded by Ripple co-founder gains 70% in a week first appeared on TheStreet on Jul 12, 2025 This story was originally reported by TheStreet on Jul 12, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-07-2025
- Business
- Yahoo
Stellar Surges 14% Before Sharp Reversal as Network Upgrade Fuels Volatility
Stellar Lumens (XLM) surged over a 24-hour period into Wednesday, reaching a high of $0.293 before closing at $0.2896, driven by institutional accumulation and renewed confidence in the network's underlying architecture. The price action followed a significant update to Stellar's core software, adding to momentum in a high-volume environment. On July 7, the Stellar Development Foundation published the v23.0.0rc2 release candidate for Stellar Core, marking the protocol's next step toward broader network upgrades and ecosystem scalability. The release includes important refinements ahead of the full v23.0.0 roll-out, reinforcing trust in Stellar's infrastructure among both developers and institutional participants. Technically, XLM gained strength throughout the 24-hour window ending July 9 at 14:00 UTC. The rally intensified between 11:00 and 13:00 UTC, with volume spiking to 163.4M and 405.9M, more than 7x the daily average of 54.7M. Key resistance levels at $0.270 and $0.278 were decisively cleared, with new support forming at those levels, according to CoinDesk Research's technical analysis data. The momentum subsequently faded somewhat, with XLM declining 2.05% from $0.293 to $0.287, triggered by a breakdown below $0.291. This sharp drop initiated cascading sell-offs, likely driven by short-term trading systems, and formed new resistance near $0.294, the model showed. While the late-session pullback highlights near-term volatility, the broader structure remains bullish. With development progress accelerating and support holding above $0.278, XLM remains technically positioned for another test of the $0.294–$0.30 zone, according to the model's data. Price range: $0.252 to $0.293 - a 14.3% intraday gain before falling to $0.2896. Volume surge: Peaks at 405.9M, nearly 7.5x the 24-hour average of 54.7M. Resistance breakouts: $0.270 and $0.278 flipped to support on strong volume. Retracement of 2.05% from $0.293 to $0.287 after $0.291 was breached. New resistance: Formed near $0.294 following selling pressure. Development driver: Release of Stellar Core v23.0.0rc2 enhances sentiment around protocol maturity and upgrade readiness. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
