Recent activity metrics in the Stellar network have caught the attention of analysts. According to expert Scopuly, a significant price rise for the digital currency XLM can be expected soon.
Price Predictions for XLM
Analyst Scopuly stated that the price of XLM is currently holding above key support levels and approaching resistance. He sets the next target at $0.285, which could be followed by further growth.
Increased Activity on Stellar Network
According to Scopuly, there were over 197 million operations recorded on the Stellar blockchain in June. This confirms real usage of the network. The stablecoin supply on Stellar has now surpassed $667 million, indicating growing user interest in the platform.
PayPal’s Impact and Stellar's Future
A key factor in the growing interest in Stellar is PayPal's readiness to integrate its stablecoin PYUSD into the network. This event represents a significant step towards expanding Stellar's application, allowing users to make fast and low-cost transfers to over 170 countries. Scopuly emphasizes that price rises in XLM are to be expected in the coming weeks if it can break through current resistance.
Given the network growth of Stellar and the integration with PayPal, the forecasts for this platform's future appear promising. If expectations are met, Stellar may take an important place in the global payments system.
