XLM, the native cryptocurrency of the Stellar blockchain, witnessed an impressive surge in recent weeks, soaring by a remarkable 104% to reach $0.196 on July 13. However, as profit-taking ensued, the price retraced.
Now, the crypto token is staging another fresh rally, driven by Ripple’s recent partial legal win against US Securities and Exchange Commission (SEC). A US judge’s ruling that XLM is not a security has given a significant boost to Stellar’s value, ushering in a new wave of optimism for the cryptocurrency.
Notably, XLM is the best-performing crypto asset on daily charts as of July 19, surging by nearly 10% during the mentioned period at the time of publication. Several other major cryptocurrencies have also ranked in the top 5 in terms of 24-hour gains, including Maker (MKR), XRP (XRP), BitDAO (BIT), and Synthetix (SNX).
Best-performing cryptocurrencies in the last 24 hours. Source: CoinMarketCap
XLM price analysis
At press time, Stellar was trading at $0.14, up 9.12
We współpracy z: https://finbold.com/stellar-defies-gravity-soars-10-in-a-day-next-price-target-for-xlm/
