Stellar (XLM) Outperforms Ripple (XRP) and Records a 38% Jump
Overall Performance: Stellar (XLM) increased by 38% over the past month, returning to the list of the top 15 cryptocurrencies by market capitalization, which reached $10 billion.
Transaction Dominance:
Stellar: Processed over 3.3 million transactions at a total cost of $4,000.
Ripple: Only 530,000 transactions at a cost of $3,500.
Ethereum: Executed 108 million transactions at an average of 1.90$ per transaction, while Stellar's fees were only 0.0015$ .
Wide Institutional Adoption:
Partnerships with major companies such as Mastercard, IBM, and MoneyGram.
Support for projects like an API interface for converting cash to crypto using USDC.
Technical Analysis:
The price has surpassed the area of $0.3168 and is currently targeting $0.3756$ as a key resistance.
If this resistance is broken, the price may reach $0.5088$ and possibly $0.68$ or even $1.29.
The Relative Strength Index (RSI) indicates a state close to overbought (68.89), suggesting the likelihood of a temporary correction.
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