In the midst of a tumultuous crypto market, one star shines brightly against the dark backdrop – Stellar (XLM). Known for its robust platform that enables faster and low-cost transfers of digital assets, Stellar has been making waves in the crypto space. The Stellar network is designed to connect banks, payment systems, and people, facilitating low-cost, cross-asset transfers of value, including payments.

The past week has shown a significant downtrend in the crypto market. However, amidst this market turmoil, Stellar (XLM) has been showing remarkable resilience.

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As of the latest data, Stellar (XLM) is currently trading at $0.08273, with a 24-hour trading volume of $50,837,200.66. In the last 24 hours, Stellar has seen a price increase of 2.02%. The circulating supply of Stellar is 26,888,568,332.98 XLM out of a maximum supply of 50,001,806,812 XLM. This means that more than half of the maximum supply is currently in circulation. (Source: coinmarketcap)

The recent increase in Stellar’s price, despite the overall market downturn, indicates a strong demand for this cryptocurrency. The fact that Stellar’s price has remained relatively stable and even increased slightly in the last 24 hours is a positive sign for potential investors.

However, for XLM to reach $0.10, it would need to increase by approximately 20% from the current price. If we look at Stellar’s recent performance, it has shown resilience amidst a broader market downturn. A 20% increase is still significant though and would likely require a strong positive market sentiment, favorable news or developments related to Stellar, or a broader bullish trend in the crypto market.

In contrast, other prominent cryptocurrencies such as Polygon (MATIC) and Solana (SOL) have been struggling to maintain their momentum. Over the past week, these coins have experienced a more significant decrease in price compared to XLM; very promising for Stellar investors.

Solana, a high-performance cryptocurrency that has attracted attention due to its high speed and low fees, currently trades at approximately $15.61. Despite its innovative technology and strong institutional interest, Solana has not been immune to the market’s downturn, experiencing a 5.72% decrease in the last 24 hours.

Similarly, Polygon, formerly known as Matic Network, has also been hit hard by the market crash. Polygon is a Layer 2 scaling solution for Ethereum that aims to provide major scalability improvements for decentralized applications. Despite its promising technology, Polygon’s price has dropped to around $0.6287, marking a 7.61% decrease in the last 24 hours.

While the crypto market’s downturn has affected many coins, Stellar’s relative stability amidst the chaos is noteworthy. This could be an indication of the coin’s underlying strength and potential for future growth. As the market continues to fluctuate, all eyes will be on Stellar to see if it can maintain its steady course.

The post Stellar (XLM) Price Going to $0.10 Despite Crypto Crash, MATIC and SOL Struggle to Keep Up appeared first on CaptainAltcoin.

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