Stellar Lumens Archives - Times Tabloid

Legendary Trader Peter Brandt Thinks XLM Could Become a Rock Star

Solomon Odunayo — Mon, 28 Jul 2025 14:10:09 +0000

In a market where thousands of digital assets struggle to reclaim even a fraction of their former highs, one analyst is watching Stellar (XLM) with renewed optimism. Over the past several years, most altcoins have experienced substantial drawdowns, and many remain in long-term downtrends.

However, a recent technical analysis from veteran trader Peter Brandt has highlighted Stellar Lumens (XLM) as a possible exception, suggesting a significant move could be on the horizon.

A Rare Long-Term Base in the Altcoin Space

Citing data from CoinGecko, Brandt noted that over 3.7 million tokens are already considered dead. He added that “only about 50% of most actively traded cryptos are trading at greater than 10% of their peak value.”

In his view, more than 95% of today’s 11,000 actively traded cryptocurrencies may eventually prove worthless. Yet despite that bleak landscape, he singled out XLM, stating that it “could become a rock star.”

The chart Brandt shared presents a monthly view of Stellar (XLM) and shows a broad ascending triangle forming over multiple years. Resistance has held consistently since early 2018, and the lows have gradually trended higher, creating a rising support base that defines the lower boundary of the pattern.

This ascending triangle is a bullish continuation pattern. It reflects a market in which buyers are stepping in at increasingly higher levels, applying pressure against a ceiling that has yet to break. In XLM’s case, the current monthly candle is pressing up against that horizontal resistance once again.

The chart also shows important moving averages beginning to turn upward. The ADX indicator is at 45.17, signaling strengthening trend conditions with a peak on the horizon. Currently trading around $0.42900, Stellar (XLM) sits directly below the upper range that has capped every move since 2018.

Selective Strength in a Weak Altcoin Cycle

Brandt’s focus on Stellar (XLM) is particularly notable for his skepticism toward the altcoin sector expressed in the post. He recently confirmed alt season for the crypto market, and his comments suggest that a few assets will lead the market, with XLM expected to perform remarkably.

Unlike most cryptocurrencies languishing well below their former highs with little technical structure, XLM has built a defined base and is positioned just below a major long-term resistance level.

Many experts have shared bullish expectations for XLM, and if that resistance level breaks, the technical implications would be significant. The next target could be XLM’s all-time high of $0.9381.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Stronghold Founder: XRP and XLM Will Directly Benefit from ISO 20022 Adoption

Solomon Odunayo — Sat, 14 Jun 2025 11:08:17 +0000

As financial institutions worldwide accelerate the transition to ISO 20022, a messaging standard designed to modernize payment systems, new opportunities are emerging for digital currencies, such as XRP and XLM, designed with compliance and interoperability in mind.

A recent video from Stronghold was shared on X by SMQKE (@SMQKEDQG), highlighting this trend and its potential impact on the crypto market.

The video revealed that all Single Euro Payments Area (SEPA) payments have already shifted to ISO 20022 as of 2022, and the U.S. Federal Reserve has encouraged American institutions to adopt the standard. This global realignment is expected to have direct implications on how digital assets integrate with traditional systems.

ISO 20022 enables richer data exchange between financial institutions, improving transparency, efficiency, and compatibility across networks. The Federal Reserve System is scheduled to transition from the current Fedwire Application Interface Manual (FAIM) to the ISO 20022 standard in July, and more financial systems are making the switch.

SWIFT has also confirmed a November deadline for full migration to this new standard. As it becomes the norm, digital assets capable of interacting seamlessly with this infrastructure are positioned for more significant roles in future payment ecosystems.

XRP and XLM: Designed for Compliance

Two cryptocurrencies often mentioned with ISO 20022 are XRP and Stellar Lumens (XLM). Both assets have been recognized by the Bank for International Settlements (BIS) for potential integration into systems working with the ISO 20022 standard.

Their compatibility, speed, and low transaction cost may provide an advantage as banks and payment providers seek digital assets that can support faster and more secure transactions without requiring fundamental overhauls to existing frameworks.

According to the Stronghold representative, the company is leveraging ISO 20022 messaging alongside blockchain ledger payments in select projects. She stressed the importance of messaging standards in enhancing the reliability and efficiency of financial services.

The Benefits of Stronghold’s Integration Strategy

Stronghold’s approach suggests a practical application of ISO 20022 alongside blockchain networks. In a separate clip, Stronghold founder and CEO Tammy Camp described the company’s infrastructure as one that allows fiat on-ramps to distribute through Ripple, Stellar, and Interledger via API access.

Many experts believe XRP can dominate ISO 20022 systems. Stronghold’s strategy uses live environments where blockchain-based financial tools connect with traditional currency flows. This actively contributes to the broader effort to unify traditional payment systems and digital assets, such as XRP and XLM, under one standardized messaging framework.

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What IBM Just Revealed Will Change Your View About Stellar (XLM)

Solomon Odunayo — Thu, 27 Mar 2025 16:39:46 +0000

Goku_XLM_Stellar (@GokuXLM), a cryptocurrency enthusiast, recently shared an IBM presentation that reveals Stellar’s extensive corporate network.

The image showcases Stellar’s position at the center of a financial infrastructure that includes major institutions such as JPMorgan Chase, Deutsche Bank, IBM, Visa, and Circle.

The presentation backs the argument that Stellar is more than just a blockchain project; it is a key component in global financial integration.

Stellar’s Role in Institutional Finance

The IBM presentation positions Stellar as a fundamental element in Stronghold’s financial infrastructure. Stronghold, which utilizes Stellar’s technology, is integrated with firms across the banking, retail, and fintech sectors. Goku noted that “this isn’t speculation – it’s documented corporate integration,” emphasizing Stellar’s strategic role in next-generation financial systems.

Goku speculated that JPMorgan Chase and Deutsche Bank, both featured in the graphic, are likely leveraging Stronghold’s Stellar-based solutions for cross-border transactions and real-time settlements.

XRP alongside Stellar suggests interoperability between blockchain networks, reinforcing Stellar’s role in bridging traditional finance with digital assets. Many in the crypto space see both assets as the leaders of a new, two-tiered monetary system, and this presentation supports a form of that vision.

Compliance and Institutional Adoption

The IBM presentation also highlights Stellar’s compliance credentials. Stronghold holds SOC2 Type 2 and NACHA certifications, two significant regulatory standards that signal institutional trust. Goku pointed out that “compliance and security” are major concerns for financial institutions, and Stellar’s presence in this framework demonstrates its alignment with industry expectations.

ISO 20022 compliance is another crucial aspect of Stellar’s institutional appeal. The IBM presentation includes the ISO 20022 logo, confirming that Stellar’s financial messaging capabilities meet global banking standards. This positions Stellar as a viable infrastructure for the evolving international payments landscape.

USDC and Corporate Partnerships

Circle, the issuer of USDC, is also featured in the presentation, indicating that USDC transactions on Stellar are likely part of this ecosystem. The integration of a regulated stablecoin supports Stellar’s use in institutional finance by providing a compliant digital asset for settlements.

The presence of companies such as Netflix, Gap, and more suggests that Stellar’s reach extends beyond finance into mainstream commerce.

Institutional Strategy and Market Position

Despite the corporate integration, Stellar has remained relatively quiet in mainstream discussions. Goku suggested that this strategic silence is intentional, allowing institutions to develop infrastructure behind the scenes.

The presentation validates the argument that Stellar is built for real financial applications rather than market hype. With its compliance standards, banking partnerships, and integration with stablecoins, Stellar is positioned as a key infrastructure layer in institutional finance and could soon experience the bull run analysts have predicted.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Stellar (XLM) Price Analysis and Three-Day Prediction (March 24-26, 2025)

Boboye Akomolafe — Sun, 23 Mar 2025 16:19:12 +0000

Stellar (XLM) has experienced moderate price fluctuations over the past three days, mirroring the broader cryptocurrency market’s volatility. While the asset has made attempts to rise, resistance levels have capped upward movements, and support zones have prevented any sharp declines.

Recent Price Movements

March 20, 2025: Opened at $0.2921, peaked at $0.2921, dropped to $0.2781, and closed at $0.2811.
March 21, 2025: Started at $0.2811, hit a high of $0.2792, fell to $0.2734, and ended at $0.2776.
March 22, 2025: Opened at $0.2776, reached a high of $0.2795, bottomed at $0.2731, and closed at $0.2789.
March 23, 2025: Currently trading around $0.2822, with an intraday high of $0.2824 and a low of $0.2736.

Key Support and Resistance Levels

Immediate Support: $0.2730
Next Support: $0.2700, with a potential drop to $0.2650 if downward pressure increases
Immediate Resistance: $0.2825
Major Resistance: $0.2900

Expected Price Action (March 24-26, 2025)

XLM’s price movement in the next three days will largely depend on overall market trends. A break above the $0.2825 resistance could open the door for a rally toward $0.2900. A decisive push beyond $0.2900 may trigger further bullish momentum.

Conversely, if XLM struggles to maintain support at $0.2730, selling pressure could intensify, potentially leading to a decline toward $0.2700 or even $0.2650. Broader crypto market sentiment, particularly Bitcoin’s (BTC) performance, will play a crucial role in XLM’s short-term trajectory.

XLM remains in a consolidation phase, awaiting a clear direction. A breakout above resistance could drive gains, while a breakdown below key support may signal further downside. Traders should closely monitor price movements and overall market conditions in the coming days.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Crypto Expert Urges Stellar (XLM) Holders to Stay Patient Amid Market Struggles

Zaccheaus Ogunjobi — Sat, 22 Mar 2025 17:46:16 +0000

Vandell Aljarrah, co-founder of Black Swan Capitalist, has urged XRP and XLM holders to exercise patience, emphasizing that the market operates in cycles. His recent statement on X addresses investors who feel discouraged by the assets’ failure to reach double-digit prices.

He stressed the importance of understanding where these digital assets are in the broader adoption phase, warning that impatience often leads to premature selling. “For God’s sake, understand where we are in the crypto cycle and the broader adoption phase,” Aljarrah stated, reinforcing his belief that patience is what separates long-term winners from those who exit too soon.

XLM Approaches a Key Technical Breakout

Aljarrah’s statement aligns with expert analysis that suggests the digital asset is approaching a pivotal moment. XLM has struggled recently, as its price has fallen over 18% in the past month. However, recent technical analysis highlights key levels that could dictate the digital asset’s next major price movement.

According to this report, XLM has been holding above a rising support trendline, and the asset’s price structure suggests a potential breakout. Investors watching these developments may find that patience, rather than reacting to short-term price stagnation, could be the determining factor in maximizing returns.

If the asset can successfully breach the resistance level holding it down, it could pave the way for further gains, supporting Aljarrah’s long-term perspective.

Institutional Interest in XLM Grows

Beyond technical indicators, Aljarrah’s call for patience is reinforced by increasing institutional interest in both XRP and XLM. Wall Street firms are reportedly monitoring these assets, signaling that major financial players recognize their potential.

This development further supports Aljarrah’s assertion. While retail investors may become impatient due to stagnant prices, institutional investors appear to be positioning themselves for the long term. Their growing involvement suggests that XLM could be poised for significant future movement.

XLM has long been advertised as a crucial part of the next evolution of the global financial system, and these veteran investors in Wall Street can see its potential. Instead of getting priced out, investors who hold on to the digital asset could make significant gains in the long term.

What’s Next for XLM?

Aljarrah’s message is clear: XLM investors must recognize the importance of patience. The crypto market is still new when compared to other more established financial markets, and assets like XLM are positioned to benefit significantly as the market grows and adoption rises.

The technical outlook for XLM suggests that a major move could be imminent, while institutional interest continues to grow. Those who hold steady rather than reacting emotionally to price stagnation may ultimately benefit the most.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Stellar (XLM) Forming Bullish Flag, Analyst Expects 330% Price Breakout

Solomon Odunayo — Sun, 02 Mar 2025 07:18:59 +0000

Stellar Lumens (XLM) is currently forming a bullish flag pattern, according to crypto analyst Ali Martinez (@ali_charts). His recent post on X, accompanied by a technical chart, suggests that XLM may be positioned for a 330% breakout if the pattern plays out as expected.

At the time of his analysis, XLM was trading at $0.30267. Based on this, a breakout of 330% would bring the price to approximately $1.3, pushing it above its all-time high of $0.9381.

The chart illustrates a downward-sloping channel following a strong rally, a structure that fits the definition of a bullish flag—a continuation pattern often signaling further upward movement after consolidation.

Technical Factors Supporting the Pattern

The chart shared by Martinez highlights several technical indicators that reinforce this outlook. Fibonacci retracement levels suggest that XLM has been respecting key price zones, with the 0.618 retracement level around $0.30 acting as strong support.

This level has historically been an accumulation zone for assets preparing for another move upward. If XLM maintains support here, it could build momentum for a breakout above the flag’s upper boundary near $0.42.

Martinez recently drew attention to a TD Sequential Indicator buy signal for XLM, arguing that the asset may be gearing up for a strong move. The report discusses how this indicator has historically preceded price increases, adding weight to the current technical setup.

If the bullish flag plays out, the projected breakout target is calculated by applying the flagpole’s length to the breakout point. While Martinez predicts a 330% increase, the chart shows that this rally can extend as far as $1.8, almost doubling its all-time high. However, confirmation will be needed in increased volume and a decisive close above resistance levels.

The Bullish Outlook for XLM

The outlook for XLM is not solely reliant on technical patterns. A popular XRP proponent recently explained why the crypto world should not write off XLM. With historical ties with Ripple and potential involvement with Elon Musk’s SpaceX, XLM could become an even more notable player in the crypto space.

Martinez’s analysis of XLM presents a compelling case for a potential breakout, with price targets reaching as high as $1.8. The bullish flag pattern with strong support at key Fibonacci levels, points toward a continuation of the previous uptrend.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Stellar (XLM) Forming Bull Flag, Analyst Sets Bullish Price Target

Solomon Odunayo — Sun, 16 Feb 2025 17:41:31 +0000

In a recent post on X, cryptocurrency analyst Ali (@ali_chartz) shared a technical analysis of Stellar (XLM), suggesting that the asset is forming a bullish flag pattern. According to Ali, this pattern could indicate a breakout that may propel XLM’s price toward the $1.80 level.

The post included a chart illustrating the asset’s price movement, highlighting key Fibonacci retracement levels and a downward channel that could signal a period of consolidation before a potential surge.

Technical Analysis Breakdown

Ali’s chart, sourced from TradingView, represents the XLM/USDT perpetual contract on Binance using a three-day (3D) timeframe. The price action shows a sharp rally in late 2024, followed by a gradual downward consolidation, forming a descending channel. This structure aligns with the characteristics of a bullish flag, a continuation pattern that often precedes another upward move.

Key elements of the chart include:

Fibonacci Levels: The retracement levels suggest that XLM found support near the 0.618 Fibonacci level (~$0.30). This level is commonly watched by traders as a strong area of accumulation before potential reversals.

Breakout Projection: The flagpole of the pattern extends from approximately $0.09 to $0.63, a significant gain. If a breakout occurs, applying a measured move projection suggests that XLM could reach $1.80, aligning with Ali’s prediction.

Resistance and Support Zones: The downward channel has upper resistance around $0.42 and lower support near $0.25. A decisive breakout above the resistance could confirm the bullish thesis.

Community Reactions

Ali’s analysis generated mixed reactions from the crypto community. While some traders saw merit in the bullish flag setup, others remained skeptical of such an optimistic price target.

A notable response came from an X user, PeeBee, who criticized the analysis, stating: “Bullish flag? More like a flag for clueless traders waving goodbye to their money! Good luck chasing that dream of $1.80, but don’t forget to clean up after those losses.”

This reaction reflects the common debate in technical analysis—while patterns provide potential market insights, they do not guarantee outcomes. Price movements depend on multiple factors, including market sentiment, trading volume, and broader macroeconomic conditions.

Ali’s bullish flag projection for XLM presents an optimistic outlook, suggesting that the asset could experience a significant price surge if the pattern plays out as expected. However, as with all technical analyses, market participants should exercise caution, consider multiple factors, and manage risk accordingly.

While some traders see potential in Ali’s $1.80 target, others remain skeptical, emphasizing the inherent volatility and unpredictability of cryptocurrency markets.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Stellar (XLM) 7-Year Adam & Eve Pattern Targets $3-$5

Solomon Odunayo — Sat, 23 Nov 2024 09:27:22 +0000

In a recent tweet, Charting Guy, a well-known cryptocurrency analyst, highlighted a notable pattern forming in the Stellar Lumens (XLM) market. His tweet centered around a seven-year “Adam & Eve” pattern observed on XLM’s chart, suggesting a potentially significant breakout for the cryptocurrency.

Understanding the Adam & Eve Pattern

Charting Guy’s analysis focuses on the “Adam & Eve” pattern, a well-established chart formation in technical analysis, typically considered a bullish reversal signal. The pattern consists of two main components:

Adam Formation: This is characterized by a sharp “V-shaped” bottom, reflecting a rapid drop and rebound in price. It suggests a phase of volatility and selling pressure, culminating in a significant low point.

Eve Formation: Unlike the Adam sharp bottom, the Eve phase forms a more rounded and gradual bottom, indicating a phase of accumulation and stabilization. This rounded bottom reflects a period where selling pressure eases, and buyers gradually regain control.

The pattern is completed when the price breaks above a common resistance line known as the “neckline.” According to technical analysts, this breakout often signifies a shift from a bearish to a bullish trend, with a considerable upward price potential.

Charting Guy’s Analysis of Stellar (XLM)

In his tweet, Charting Guy highlights the formation of a large-scale Adam & Eve pattern in XLM’s price chart over the last seven years. He indicates that the resistance, which serves as the pattern’s neckline, is close to being breached, signaling a potential bullish reversal.

The chart he shared demonstrates how the Adam pattern formed between 2018 and 2020 with a sharp drop and rebound, while the Eve pattern developed in a more rounded shape from 2021 to 2024.

Based on this formation, Charting Guy suggests a bullish breakout that could push XLM’s price target to the $3 to $5 range. This projection indicates a potential 50-fold increase from the bear market lows, highlighting the scale of the potential upside.

In his analysis, he underscores the importance of patience in investing, noting that the pattern’s formation has taken seven years—a testament to the long-term nature of significant technical trends.

Community Reactions and Insights

The crypto community has responded with mixed reactions to Charting Guy’s analysis. Among the notable reactions are comments from other X users.

For instance, Ernest Enriquez expressed confidence in XLM’s potential, sharing that he has significantly increased his holdings in anticipation of a potential 10x gain. His enthusiasm echoes the broader sentiment among XLM supporters, who see the coin as an undervalued asset poised for a major breakout.

Another user, Xrpisking, drew a parallel between XLM and XRP, suggesting that XRP tends to lead market movements that XLM follows. This correlation is a point of interest among market participants, as both coins are often considered competitors in the cross-border payment space. The suggestion is that traders should position themselves in XLM before a similar surge to that of XRP.

Evaluating the Potential Breakout

From a technical perspective, the Adam & Eve pattern’s significance lies in its historical reliability as a reversal indicator. If the pattern completes, it could send Stellar (XLM) towards the $3 to $5 target range, aligning with Charting Guy’s expectations. However, it’s important to acknowledge that technical patterns are not foolproof.

One factor supporting the bullish case is the increasing adoption of Stellar’s blockchain technology, particularly in facilitating cross-border payments and decentralized finance (DeFi) projects.

Additionally, the broader crypto market’s performance, especially in the context of Bitcoin’s cycle and the anticipated rise of altcoins, could play a significant role in determining XLM’s price trajectory.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Stellar Saves Lives: XLM Rising Adoption in South America

Tobi Loba — Wed, 14 Aug 2024 04:17:05 +0000

The advent of blockchain technology has often been associated with financial speculation and cryptocurrency trading. However, Stellar’s recent video release, “Crypto Saves Lives,” shows the real-world utility of blockchain technology, particularly in regions underserved by traditional financial systems.

The video highlights the transformative impact Stellar blockchain has had in San Francisco, Colombia, through its collaboration with Decaf, a partnership that is reshaping the financial landscape of this small town where conventional banking infrastructure is largely non-existent.

The video follows Zac Borrowdale, an Australian entrepreneur who faced significant challenges in paying his employees due to the absence of banking facilities in San Francisco. Without a local banking system, Zac was forced to make dangerous journeys to Medellín, a nearby city, to withdraw cash.

These dangerous trips became an essential, albeit hazardous, part of his business operations. The lack of financial infrastructure not only jeopardized Zac’s safety but also hindered the economic potential of the community. Eventually, Zac was shot and robbed, presumed dead for multiple days until he woke up and recovered.

Stellar’s Real-World Utility

Stellar blockchain, in partnership with Decaf, emerged as the solution to this critical issue. By integrating Stellar’s technology, Zac can now pay his employees in USD Coin (USDC), a stable cryptocurrency pegged to the US dollar.

This process has been streamlined, allowing employees to convert their USDC into Colombian Pesos through MoneyGram, Stellar’s partner, without leaving their village.

The ability to transact securely and efficiently within the local community has safeguarded Zac from life-threatening trips and spurred economic growth in San Francisco.

Stellar’s intervention has been pivotal in ensuring that the residents of San Francisco have access to reliable financial services. Stellar’s approach to providing real-world utility goes beyond mere transactions. This approach represents a commitment to addressing the financial needs of communities overlooked by traditional banking systems.

Following the release of the video, Stellar posted on X, “You see how Stellar truly cares about utility? very demure, very mindful.” This message encapsulates Stellar’s focus on practical, effective solutions rather than hype.

2024 has been a remarkable year for Stellar. The Stellar Development Foundation predicted in July that Stellar would power the next era of Decentralized Finance (DeFi). The adoption in San Francisco is one step toward achieving this goal, and the digital asset could experience massive growth as the adoption of its technology increases.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Ripple CTO Discusses XRP and Stellar (XLM) Price Correlation

Solomon Odunayo — Tue, 28 May 2024 18:40:00 +0000

The cryptocurrency community has recently been abuzz with discussions surrounding the striking similarity in price movements between Ripple’s XRP and Stellar’s XLM. David Schwartz, the Chief Technology Officer at Ripple, offered his insights into this intriguing phenomenon.

Schwartz acknowledges the complexity of the issue, highlighting evidence that both supports and contradicts the idea of a direct link between the two cryptocurrencies’ internal dynamics.

One interesting observation he made was the minimal impact of Stellar’s substantial token burn event last year. Despite reducing its total supply by half, the burn did not cause a significant divergence in XLM’s price or its correlation with XRP.

David Schwartz noted:

“The one bit that’s the most convincing to me is that Stellar burned half their supply and there wasn’t so much as a blip on their price chart or any real deviation from XRP’s price correlation.”

This evidence suggests that a similar token burn by Ripple, which holds a significant portion of XRP, might not necessarily translate to a price increase for XRP. Schwartz reportedly analyzed charts comparing the price movements of both tokens before and after the Stellar burn, and they revealed no substantial changes in their relative performance.

Deciphering the Shared Price Movement

While XRP and XLM exhibit a synchronized price pattern, it’s crucial to recognize their distinct tokenomics. XRP boasts a total supply of 99.98 billion tokens, with 55.43 billion in circulation.

According to Coinmarketcap’s data, XRP’s price is around $0.5375, with a market capitalization of $29.1 billion. XLM has a total supply of 50.001 billion tokens, with 28.976 billion circulating. Its price is approximately $0.111, leading to a market capitalization of $3.14 billion.

So, what could be driving this price correlation despite their differences? The answer likely lies in their intertwined history and the broader market dynamics. Jed McCaleb, a co-founder of Ripple, created Stellar as a decentralized alternative.

As a result, the Stellar ecosystem often mirrors the movements of XRP. Additionally, investors often seek opportunities in similar assets, leading to capital flowing into both markets and potentially causing their price movements to converge.

Looking Ahead: Unraveling the Mystery

Further analysis is required to fully understand the nature of this price correlation between XRP and XLM. Several factors beyond tokenomics might be at play, including overall market sentiment towards cross-border payment solutions, regulatory developments impacting the cryptocurrency industry as a whole, and even the trading practices of major cryptocurrency exchanges.

By delving deeper into these areas, the cryptocurrency community can gain a clearer picture of the forces driving the price movements of XRP and XLM. This improved understanding can benefit investors and market participants by allowing them to make more informed decisions.

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