Disclaimer: The opinions expressed by our writers are their own and do not represent the opinions of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
price Stellar token XLM It started 2025 strong, rising 15% during the January 1 trading session. The reason behind the rise is abnormal buying activity, with XLM trading volume increasing by 94.28% over the past 24 hours. However, the reason behind this buying spree remains an open question, as there are no clear fundamental or technical reasons for this performance.
Typically, XLM's price movements have been linked to the performance of XRP, and it often acts as a high-issuance alternative to the fourth-largest cryptocurrency.
Related to
However, this recent rise occurred independently, bucking the behavior of XRP. Astral and XRP They have long been considered competitors in the blockchain payments space, with overlapping but distinct focuses.
While XRP targets financial institutions, Stellar aims to provide affordable financial services to underbanked populations. Both cryptocurrencies share a similar origin story, with Stellar co-founded by Jed McCaleb, one of the founders of Ripple.
Cross Death March - What?
It is also worth noting that XLM price It found its ceiling at the 23-day moving average, which is considered a strong short-term price indicator.
Recently, it fell and crossed below the 50-day moving average, forming a local “death cross” – an ominous pattern believed to precede a downtrend – but XLM has been pumping, also deepening the mystery behind the price action.
Related to
Overall, the Stellar token is now the most profitable token in the past 24 hours among the top 100 cryptocurrencies – certainly not something you'd expect in 2025, but here we are.
Source link