WHY THE XLM TOKEN IS RISING: THE REASONS BEHIND THE STELLAR BOOM ✨
The XLM token of Stellar has recorded an extraordinary performance recently, with a boom in November 2024 that brought Stellar to a monthly increase of +469% and an annual increase of +157%. In the last week, it saw a rise of over 80%.
The Growth Factors
The growth of XLM is not accidental but derives from several fundamental elements. Thanks to the reelection of Donald Trump as president of the United States, the Stellar token managed to recover ground, benefiting from the positive sentiment towards cryptocurrencies in the Trump administration.
The Stellar blockchain stands out for its practical utility in cross-border payments. The increasing adoption by governments and companies for cross-border transactions could lead to an increase in demand for XLM tokens, while the expansion in the DeFi sector offers further growth opportunities.
Unlike XRP, which targets banks, Stellar focuses on mass payments, providing fast and affordable transactions for everyday use. This strategic differentiation, combined with the technical robustness of the project, has contributed to the recent rally of the XLM token.
The outlook for XLM remains optimistic. Analysts highlight that to return to the levels of this peak, Stellar must grow, with key resistance positioned at 0.6550 USDT. A potential breakout of this level could open the doors to further significant rises.
