$XLM is an open-source network maintained by the non-profit organization Stellar Development Foundation, established in 2014, aimed at achieving equitable access to the global financial system.
It is committed to building a global financial infrastructure by facilitating the trading of digital representations of currencies such as USD, EUR, BTC, etc., on a single ledger, making traditional currency transfers easier and opening up new markets.
Stellar reaches network consensus through the Stellar Consensus Protocol based on the Federated Byzantine Agreement and provides various software development kits and APIs to facilitate development on its platform.
Its token Lumen (XLM) can be used for staking and serves as a payment tool for various services within the system.
The reasons for the recent rise of $XLM are as follows👇👇👇:
①. In June, XLM's ETF application was approved, and the market preemptively speculated on the expected approval of the ETH ETF, boosting the sector's momentum.
②. After a long period of consolidation at the bottom of the range, recent inflows of capital driven by the overall market rebound and speculative expectations have pushed prices upward.
Currently, Ah Yi's suggestion is to maintain the [buy on dips principle]. Despite a short-term technical pullback, the continuous inflow of ETF-related funds clearly indicates a bullish trend in the long run.
