Recent days have brought notable events in the cryptocurrency market. XMR's price surged by 38% following a substantial BTC swap, while XLM faces pressure from technical resistances.
XLM Price Analysis: Stellar Faces $0.31 Resistance
According to the latest analysis, Stellar (XLM) is gradually emerging from a long-standing downtrend, holding around $0.28 while attempting to breach the crucial resistance at $0.31. Buyers have defended the $0.24 level, boosting trading volume, but the real hurdle remains ahead.
$330 Million BTC Swap Triggers XMR Surge
Over the weekend, an unknown user exchanged $330 million in Bitcoin for XMR tokens, spreading the swap across multiple smaller transactions. This exchange spurred Monero’s price up by 38%, although it later stabilized. Analysts noted that the wallet associated with this transaction had been dormant for years, raising questions about the user's intentions.
BlockDAG Approaches Final CertiK Audit
The BlockDAG project is wrapping up its final stage of the security process with a CertiK audit. Following an extensive review by Hallborn, the project showcases a level of transparency and accountability that distinguishes it from many others in the market. CertiK's audit will closely examine the protocol's integrity before it goes public.
In the current market conditions, there is a rising interest in various tokens. While Stellar navigates resistance challenges, XMR's surge raises questions among analysts and regulators. BlockDAG prepares for a timely launch while emphasizing maximum transparency.
