Here's the latest XLM coin news update:

Price Update

- Current Price: $0.46

- Market Cap: $14.49 billion

- 24-hour Trading Volume: $966 million

- Circulating Supply: 31 billion XLM tokens

Recent Developments

- *Protocol 23 Upgrade*: Stellar's upcoming protocol upgrade, scheduled for August 14, 2025, will introduce key performance enhancements, including parallel execution for Soroban contracts and Unified Asset Events.

- *Institutional Adoption*: Franklin Templeton and Circle have deployed over $500 million in US Treasuries on the Stellar blockchain, showcasing its potential for tokenizing real-world assets.

- *DeFi Expansion*: Stellar's Total Value Locked (TVL) has surpassed $100 million, driven by tokenized treasuries, stablecoins, and asset-backed tokens launched by institutional partners .

Price Prediction

- Analysts predict XLM could reach $0.45-$0.50 in the short term, driven by bullish technical patterns and growing institutional interest.

- Some predictions suggest XLM may hit $1 or even $1.54 in 2025, contingent on sustained upward momentum and successful protocol upgrades .

Market Performance

- XLM has surged 17% in the past week, breaking above a long-term descending trendline and supported by a bullish moving average crossover.

- The Relative Strength Index (RSI) nearing 68 suggests XLM is approaching overbought levels, potentially leading to a short-term pullback or consolidation .