Over the past 30 days, Stellar (XLM) has shown impressive growth, posting a 457% increase in value.
Impressive XLM Growth
Stellar (XLM) continues to show stable growth. According to CoinGecko data, the cryptocurrency has risen by 457% over the past 30 days. Within the last 24 hours, XLM added 12% to its gains, further strengthening its bullish momentum. The past week's growth amounted to an impressive 81%.
Altcoins and Market Performance
Increased optimism in the overall crypto market has boosted demand for major cryptocurrencies like Stellar. Amid Bitcoin's record-breaking rise, altcoins also saw increased inflows, including some tripling in value since the start of the year, though many remain below their all-time highs.
Prospects and Caution Amid Growth
Current price action and trading volume suggest traders are actively engaging with XLM. According to CoinMarketCap data, XLM trading volume jumped 36% in 24 hours to $3.23 billion. Stellar's recovery began after reaching a low of $0.414 on November 26. A retest of recent yearly highs at $0.6389 and even $0.80 is possible, but caution is advised as profit-taking may occur.
As Stellar continues its ascent, the market watches for signs of consolidation or further breakthroughs. Despite the impressive trend, caution is warranted given potential profit-taking.
