Stellar (XLM) is seeing significant investor interest, reflected in a surge in trading volume and a potential to overtake AVAX.
XLM Trading Volume Spike
XLM's trading volume soared by 24% to $343.46 million, raising hopes for a shift in its price trend. As of this writing, XLM is priced at $0.3318, reflecting a 1.81% decline, but increased investor interest could drive its market cap to $10.5 billion.
Strengthened Investor Confidence
Experts suggest current trends might allow Stellar to surpass AVAX in market cap rankings. Rising Total Value Locked (TVL) in XLM signals growing investor confidence. Analysts project a 16% recovery for XLM following recent volatility.
Market Prospects
Should the current conditions prevail, Stellar could potentially replace AVAX from the 12th spot by market cap. AVAX has seen an 8.63% increase in trading volume to $370.62 million, but the market dynamics are less favorable, with its price down by 5.22%.
The noticeable increase in interest in XLM and its potential to overtake AVAX make it a focal point in the crypto community. The near future will reveal how these market fluctuations unfold.
