Stellar ($XLM) Crypto Forecast: Down 5.1% Today

What is Stellar?

Stellar (XLM) is a cryptocurrency known for its fast and low-cost transactions, aiming to connect banks, payment systems, and individuals. Market: The overall cryptocurrency market has been volatile today, with mixed movements across various digital assets.

Why is Stellar going down?

XLM crypto is down 5.1% on Oct 3, 2024 15:27

• Stellar (XLM) experienced a bearish movement of more than 3% within 24 hours.
• The integration of Axelar's new Mobius Development Stack by Sui, XRP Ledger, and EigenLayer could have diverted attention and investment away from Stellar.
• Aptos' acquisition of HashPalette and Franklin Templeton's developments in the blockchain space might have overshadowed Stellar's performance, leading to a decrease in its value.
• The overall market sentiment and profit-taking behavior could also have contributed to the bearish movement of Stellar today.

XLM Price Chart

XLM Technical Analysis

XLM News

Sui, XRP Ledger, EigenLayer set to integrate Axelar’s new Mobius Development Stack

Sui, XRP Ledger, EigenLayer set to integrate Axelar’s new Mobius Development Stack

https://cryptobriefing.com/axelar-mobius-development-launch/

Aptos Acquires HashPalette, Enhances Japanese Blockchain Presence

Aptos Acquires HashPalette, Enhances Japanese Blockchain Presence

https://www.coingabbar.com/en/crypto-currency-news/aptos-labs-expands-in-japan-acquire-hashpalette

Franklin Templeton Submits Bitcoin and Ethereum Index ETF Proposal

Franklin Templeton Submits Bitcoin and Ethereum Index ETF Proposal

https://beincrypto.com/franklin-templeton-index-etf-proposal/

Franklin Templeton’s Onchain Money Market Fund Launches on Aptos

Franklin Templeton’s Onchain Money Market Fund Launches on Aptos

https://beincrypto.com/franklin-templetons-fund-launches-on-aptos/

Cryptocurrency Stellar Decreases More Than 3% Within 24 hours

Cryptocurrency Stellar Decreases More Than 3% Within 24 hours

https://www.benzinga.com/insights/cryptocurrency/24/10/41149327/cryptocurrency-stellar-decreases-more-than-3-within-24-hours?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

Trending Today

Equinix Inc. ($EQIX) Stock Forecast: Up 5.1% Today

Sunrun Inc. ($RUN) Stock Forecast: Up 5.2% Today

FuelCell Energy ($FCEL) Stock Forecast: Up 3.8% Today

GameStop Corp. ($GME) Stock Forecast: Up 3.9% Today

SolarEdge Technologies, Inc. ($SEDG) Stock Forecast: Up 5.3% Today

Avantor, Inc. ($AVTR) Stock Forecast: Down 5.5% Today

Intel Corporation ($INTC) Stock Forecast: Up 5.1% Today

Spirit Airlines Inc ($SAVE) Stock Forecast: Up 7.7% Today

MX ($MX) Crypto Forecast: Down 5.3% Today

Stitch Fix Inc. ($SFIX) Stock Forecast: Down 5.4% Today

Stellar Price History

16.07.2024 - XLM Crypto was down 5.0%

• Stellar (XLM) experienced a bearish movement despite positive developments in the market.
• The addition of $110M to tokenized treasuries and the growth in market cap did not seem to positively impact XLM's price.
• The announcement of building a 'One-Stop Shop' for DeFi on Stellar did not provide the expected boost to the token.
• The upcoming event where Binance VP for Latin America will speak might not have directly influenced XLM's price drop.
• The bearish movement could be attributed to broader market sentiment or profit-taking by traders after a period of gains.

01.09.2024 - XLM Crypto was down 5.2%

• The bearish movement in XLM today could be attributed to the overall negative sentiment in the cryptocurrency market, especially if Bitcoin is experiencing a downturn.
• Speculation about XLM's future price reaching $1 or sustaining bullish momentum may have led to profit-taking by traders, contributing to the bearish movement.
• External factors such as cybersecurity breaches affecting companies like MoneyGram could have created a sense of uncertainty in the market, prompting investors to sell off riskier assets like XLM.

02.09.2024 - XLM Crypto was down 5.8%

• The bearish movement in XLM today may be due to the negative market sentiment, especially if Bitcoin is undergoing a downturn.
• Speculation about XLM reaching $1 in the future may have led to unrealistic expectations, triggering profit-taking and a temporary price decline.
• Doubts about XLM's ability to maintain its recent bullish momentum may have prompted some investors to sell and contribute to the bearish movement.
• While news about Ethereum's blockchain hub in Kuala Lumpur is interesting, it is unlikely to directly impact XLM's price movement today.

02.09.2024 - XLM Crypto was down 6.9%

• The bearish movement in XLM today could be attributed to the overall negative sentiment in the cryptocurrency market, possibly influenced by a bearish trend in Bitcoin.
• Suggestions have been made regarding the impact of a bearish Bitcoin on XLM's breakout chances, indicating that market participants are closely monitoring Bitcoin's movements for potential effects on other cryptocurrencies like XLM.
• Despite recent assessments of Stellar's bullish momentum, a significant crypto investment may not have been sufficient to counteract the broader market sentiment, leading to XLM's bearish movement today.
• Investors and traders speculating on XLM's future price trajectory might have adjusted their positions in response to the prevailing bearish market conditions, contributing to the downward movement in XLM.

20.07.2024 - XLM Crypto was up 5.0%

• Stellar (XLM) experienced a strong bullish movement today despite the overall market volatility.
• The addition of $110M to tokenized treasuries and the approaching $2B market cap could have contributed to the positive sentiment surrounding Stellar.
• The mention of building a 'One-Stop Shop' for DeFi on the Stellar network might have sparked investor interest and confidence in the token's future utility and adoption.
• Despite concerns raised about Stellar's short-term performance, the positive developments and potential for growth seem to have outweighed any immediate bearish sentiment.

27.07.2024 - XLM Crypto was down 5.0%

• XLM experienced a bearish movement today, possibly influenced by the overall market sentiment in the cryptocurrency space.
• Factors such as Tron's performance and the tokenized treasury market cap surpassing $2 billion may have diverted investor attention away from XLM, leading to a decrease in demand.
• Additionally, the negative sentiment in the Bitcoin ATM market, as mentioned by CoinFlip's founder, could have contributed to a broader market correction affecting XLM.
• Overall, the combination of these factors likely led to XLM's decline of more than 3% within 24 hours.

04.08.2024 - XLM Crypto was down 5.1%

• The bearish movement of XLM today could be attributed to the struggles faced by Ripple (XRP), which may have impacted XLM due to their close market relationship.
• An urgent message issued to the SHIB Army and clues shared by Ripple's CTO on XRP and XLM price correlation may have added to the selling pressure on XLM, leading to the bearish movement.
• The anticipation of Stellar (XLM) breaking $1 might have created a speculative environment, but the overall negative trend in the cryptocurrency market today likely shifted market sentiment, causing XLM to move bearishly.
• The LATAM crypto roundup, while not directly related to XLM, could have contributed to the overall market uncertainty impacting various cryptocurrencies, including XLM, leading to the bearish movement observed today.

03.09.2024 - XLM Crypto was down 5.1%

• Stellar (XLM) experienced a bearish movement of more than 3% within 24 hours.
• The integration of Axelar's new Mobius Development Stack by Sui, XRP Ledger, and EigenLayer could have diverted attention and investment away from Stellar.
• Aptos' acquisition of HashPalette and Franklin Templeton's developments in the blockchain space might have overshadowed Stellar's performance, leading to a decrease in its value.
• The overall market sentiment and profit-taking behavior could also have contributed to the bearish movement of Stellar today.

03.09.2024 - XLM Crypto was down 5.2%

• The bearish movement of XLM today could be attributed to the overall negative sentiment in the cryptocurrency market.
• The launch of Franklin Templeton's Onchain Money Market Fund on Aptos may have diverted some investor attention away from XLM, leading to a decrease in its price.
• Speculation about a bearish trend in Bitcoin impacting XLM's breakout chances might have caused traders to sell off their XLM holdings, contributing to the downward movement.
• Despite the bearish movement today, the long-term price prediction suggests potential growth for XLM, indicating that investors might still have confidence in its future prospects.

08.07.2024 - XLM Crypto was up 6.7%

• The bullish movement of XLM today can be attributed to the partnership between Franklin Templeton and Arbitrum, launching an OnChain U.S. Government Money Fund on Ethereum's Layer 2.
• This collaboration and expansion of tokenized funds to Arbitrum have likely increased interest and utility in the Stellar network, driving up demand for XLM.
• The positive price prediction and the news of Franklin Templeton's Money Market Fund launching on Layer 2 Arbitrum further boosted investor confidence in XLM, contributing to its bullish momentum.
• Overall, the strategic partnerships and developments within the cryptocurrency ecosystem have propelled XLM's price upwards, showcasing its potential for growth and adoption in the digital asset space.

08.07.2024 - XLM Crypto was up 6.8%

• The launch of Franklin Templeton's Money Market Fund on Layer 2 Arbitrum may have increased investor interest in cryptocurrencies, including XLM.
• The expansion of Franklin Templeton's tokenized Money Market Fund to Arbitrum could have brought more attention to the potential of blockchain technology, benefiting tokens like XLM.
• The collaboration between Bitstamp and Stripe for an EU crypto onramp may have improved accessibility to cryptocurrencies, leading to increased demand for tokens like XLM.
• The anticipation of a potential price surge to $0.12 for XLM, along with the positive sentiment surrounding altcoins following XRP's movement, likely contributed to the bullish momentum of XLM today.

08.07.2024 - XLM Crypto was up 7.8%

• XLM's 11% gain stood out amidst the general downturn in the crypto market, demonstrating its resilience.
• An increase in open interest for XLM might have attracted more investors, fueling its price rise.
• The partnership between Franklin Templeton and Arbitrum, in addition to the growth of tokenized funds, could have enhanced optimism in the cryptocurrency market, positively impacting XLM.
• Observations suggest that XLM is establishing a new range, hinting at potential stability and opportunities for traders to navigate the market effectively.