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Stellar and Hedera Thrive Amid Bitcoin's Market Correction

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by Giorgi Kostiuk

2 years ago

In the cryptocurrency market today, Bitcoin (BTC) has experienced a minor correction after reaching a new all-time high. Meanwhile, Stellar (XLM) and Hedera (HBAR) continue to show positive momentum.

Bitcoin Correction After Record High

After its impressive rally, Bitcoin has corrected to $86,800, indicating a healthy consolidation following its new all-time high of $89,956.8 after Donald Trump’s recent EU election victory.

Developments in Stellar (XLM)

Stellar (XLM) has seen a price surge due to successful testing of Protocol 22 and the upcoming vote for a mainnet upgrade. Currently priced at $0.1256, XLM eyes a resistance level of $0.1587.

New Prospects for Hedera (HBAR)

Hedera (HBAR) is on the rise following Canary Capital's filing for an ETF. Currently priced at $0.05778, it has the potential to rise to a resistance level of $0.07986.

Stellar (XLM) and Hedera (HBAR) show signs of technical breakouts and positive fundamental news supporting their bullish paths. Traders will be keenly observing further developments.

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