- Stellar’s XLM records an 11% surge in a single day.
- Anticipation builds as Stellar hints at an upcoming announcement.
- XLM’s trading volume witnessed a significant 163% increase.
While crypto markets are steady as Bitcoin dipped below $26,000, there are always surprises. Stellar’s native cryptocurrency, XLM, has captured attention with an 11% surge in just one day. In particular, a mysterious recent announcement is fuelling its growth.
Stellar’s Upcoming Announcement: A Catalyst for Change?
On Friday, September 2, the Stellar community was excited as the company teased about unveiling “something cool” by September 12. While the specifics remain under wraps, the announcement got a lot of attention.
This potential innovation or shift has piqued the community’s interest and positively impacted XLM’s price. On Monday, September 4, XLM had witnessed a 10% rise in 24 hours, trading at $0.125. Furthermore, XLM’s 24-hour trading volume skyrocketed by 163%, with a whopping $160 million in trades.
Sponsored
While the community is excited, some are suggesting caution. Crypto influencer @MasonVersluis cautioned against reading too much into Stellar’s announcement.
Stellar has been active on the development side of its project. Most recently, the project finalized the global launch of its open-source platform for international payments.
Read more about the project’s latest development:
Stellar Launches Open-Source Platform for Global Payments
Read more about the geopolitical struggle over crypto:
Crypto Cold War: South Korea Moves to Freeze North’s Crypto
