Thursday, June 13, 2024

XLM Defies Bearish Market With Over 7% Price Jump

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Alicia Garcia
Alicia Garciahttps://blog.cryptoapa.com/
Alicia is excited about all things tech. She devotedly follows blockchain and crypto updates, sharing her passion through writing about it. She is a regular contributor for cryptocurrency news and articles.

The broader cryptocurrency market turned bearish again this week after starting off on a high note. However, Stellar (XLM) defied the downtrend by rising over 7% in 24 hours.

After surpassing $26,000 on Monday, Bitcoin tumbled back below $25,800 dragging the total crypto market cap down to $1.04 trillion per CoinMarketCap. Ethereum also slipped to $1,630 as most altcoins followed BTC’s lead.

But Stellar swam against the tide, trading above $0.12 thanks to gains of over 7%. It ranked among the top gainers among major cryptocurrencies as others declined.

Stellar’s rise demonstrates resilience even as the wider crypto market struggles. While short-term volatility persists, Stellar continues building real-world utility through partnerships, especially in cross-border payments.

With innovative technology and a focus on financial inclusion, Stellar aims for long-term growth. Its recent performance shows its potential even amidst uncertainty. For believers in Stellar’s mission, the latest price surge could be a preview of further upside.

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