Despite current market challenges, the Stellar network demonstrates significant activity growth. This article explores the transaction volume, current price trends, and project forecasts.
Increase in Stellar Transaction Activity
Stellar has recorded over 265 million transactions in the last day, which is 300,000 above the average for the period from May to early June. This increase may be linked to enterprise integrations or heightened involvement in DeFi.
Current Price Trends of XLM
The XLM token is currently trading around $0.258, but it fell more than 3% during the last trading session. Short- and medium-term moving averages at the 50 and 100-day marks are now acting as resistance zones.
Outlook and Forecasts for Stellar
The discrepancy between price action and network engagement may indicate potential growth in the future. If XLM can reclaim resistance at $0.27, it may lead to movement toward the $0.30-$0.32 range.
In summary, Stellar is showing increased usage activity despite price instability. This may signal more significant changes in the future.
